I should also note that all this can be modified in really useful ways. You do have to specify that market bids have to be in large block increments (20,000 Ether at a time), but then you can incentivize bidding early, or reward small time investors (or big), and much more. It is a very flexible model. And, yes, most ICOs would still get a post-ICO bump (not all), which is very important.
I don`t understand what kind or problem do you want to solve with this model?
What makes this model "fair" compared to the normal ICOs and why do you think that they are "unfair"?
I think that this model will confuse a lot of potential investors in some new ICO and they might not invest.
Keeping things simple is always the best practice.
Did you read my whole article? I only posted a snippet. I go through the current models and problems with each. The booms after many capped ICOs make many here nice profits, but they endanger the whole system. Really.
There is non-stop complaining about uncapped models on this board for good reason. Talk to people who invested in Bancor in the very beginning of the ICO.
The model is still very simple. Participants say how much money they are willing to put in at what maximum market cap or token price. That is it.