The ICO process has not been communicated yet. It may not be an ICO at all as they are looking for a fair distribution of the tokens.
RE: EOS concept is WAY better than Ethereum.. What is EOS.io
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EOS concept is WAY better than Ethereum.. What is EOS.io
https://github.com/EOSIO/eos-token-sale
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Yes, it is an ICO via ETH but with secondary markets available after 5 days. The coins will be distrubted in tranches with various mechanisms to ensure that the distribution is somewhat fair (rich people will remain rich people -> can buy more).
More details of the ICO here.
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