The golden question that everyone fails to answer. I stopped following EOS a long time ago when they were clearly taken to answer for their laziness in coding (basically they just took an old framework and updates it to say EOS). And yes, they ran a daily ICO that was meant to last one year. It should still be running now but I can't be bothered to check.

Does any ICO justify seeking millions? Very few. Do they need to? Apparently not. EOS wasn't worth $1 million it certainly isn't worth hundreds of millions. But people invested anyway.