I love low individual caps. I hate when as soon as the ICO goes live it's sold out within a minute and 90% of people can't get in.
During 24hrs everyone will be able to get in, maybe with less then they would like , but after 24hrs they have to chance to try to get more, but then it's not guaranteed.
That's an excellent way to do it. Low cap the first 24 hours so you get a diverse investment group. After that 24 hours, make it a free for all. I'm surprised I don't see this more often, did you come up with it yourself?
I've never seen that either. Great idea.