You are not getting shares but you have to rely on the token issuer in an ICO that he actually has the assets he claims to have otherwise its a fraud
So if get this right: Every ICO without any assets -as they have just a good idea/knowledge , are fraudsters ? How can you prove that for example TenX will invest all the funds as explained ?
Ico investors are protected by law ? please explain this in more detail
No, that's not what I am saying. If you claim to have assets like shares or IPs and you don't have them that's a fraud. If you have nothing but a great idea and make an ICO with this great idea then this is fine, absolutely. This is honest.