EOS had a year long ICO where everyone had the opportunity to buy however much they wanted. Unlike others where whales buy out everything within minutes.
Was there not a cycling funds from ico being used to buy more eos,
and then rinse repeat, thereby making sure those puling the strings of ico,will keep pulling the strings after?
No. The funds received from the ICO are being used to develop dApps that run on EOS. The money earned is going right back into development of EOS ecosystem.
