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You will credited 1:1 for any tokens held

when will that be? after the ico?

Next summer- Technically this isn't an ICO, as Dan Larimer put it in one of his recent interviews "We don't call it an ICO... I'm sure you can appreciate the distinction between raising money and selling a product." (

They are simulating virtual mining for the token to allow the widest possible distribution of the new EOS platform.

Okay cool, I just watched this video and apparently it is not guaranteed that you get the EOS token if you bought the ERC20 token during the ICO but hopefully it works out