If you add 5.5 million in the first stage, the amount is still significant. In addition, it seems to me that big investors like to shop at the first stages, when bonuses are maximum.

This is undoubtedly good. Tokens of projects that give giant discounts in the early stages, usually when hit on the exchange, fall very heavily relative to the price at the main stages of ICO.

Normal investors are interested in the project in the long term, rather than "investing" to sell quickly after the end of ICO.

Yes, very adequate bonuses. This amount of bonuses allows you not to worry about your tokens in the short term. Nobody likes dumps, even long-term investors.

The strategy to earn a short distance also has the right to life. Here all parties are happy - both investors and developers who receive funds at an early stage.

Not only. This is still a certain excess of money, which is difficult to distribute all the time for short distances. Therefore, a certain part of the funds is invested with less profit but with greater reliability in long-term projects.

@LightFork
In principle, yes, plus I have not heard about the fact that there is a limit of one ETH for one investor. In any case, there will be several large ones. It is a pity that the developers do not disclose such information, we have to reason without having any data at all.

How much tokens will be sold at the second stage?

Info from site:
"30% of Tokens will be sold to participants of the Presale and Token Sale Phase #1. That equals the amount of Tokens to be sold during Token Sale Phase #2, resulting in 60% in total."
It turns out that the same number of tokens as before the second stage, but for a large amount of money as the discount will be less.

It turns out that only 60% of tokens will be sold? And the rest 40 get the project team?