Yeah Agreed on your findings it should be capped instead of uncapped and there so many drawbacks in Tezos foundation. I was planning to get in Tezos with some ETH but I do research and realised that this is not the right ICO to get in so I left it to participate.

I found from the research in Tezos the only Aggressive management skills in Tezos and not so worthy to get funded unlimited. It should get the red flags from investors / Whales.

The would be Reckless for this much uncapped funds raising. It could be dangerous for the project I don't understand why they are raising unlimited even without having any adopted product or launched products. There are so many stories for Pre-Sale and ICOs mostly they are just an ideas not the reality.

if it turns into reality and mass adoption being started it could be potentially well for the project and its future. they are just testing ideas that's all without any proper pre released products or real use cases tests.