I am not talking about the private sales and pre-sales. I am talking about the main sales.
Don't you think ICOs should allow people to invest any amount of money they want? It will cause the tokens to be distributed among more people.
Assume that 1000 people are participating in an ICO and each of them is investing only 1 dollar. Don't you think they are more helpful than a person who is investing 1000 dollar?
Better to consider a maximum amount instead of a minimum and do not let the whales manipulate the price.
I'm of the same opinion as you. The more people take part in the sale, the more chances the project has to become popular among investors and traders.
You know majority of these ICO has target and they also have timing associated to these projects, if they are to go by the rule of number of investors and not amount of investment, majority of them will end up not meeting their softcap, talk less of stepping on the hardcap lather.
To really gain attention of people and convince them to partake in a project is quite very challenging especially in a market full of competitions, the only way it can work is when there is a general law in place that places a maximum amount an investor can put per project and to be abided by every other ICOs out there, otherwise, any ICO that practices these will end up failing.