Most people just following ICO for the word spread which is too hype for it, and others an ICO with the refferal system, which is there's a lot of bugs inside.
People always trying to cheat to get more and more value in every ICO they choose
Well that's how the world goes: people are trying to find a loophole, clever people creating a popping ICOs that are looking like a loophole. Anyway that guys who is loosing their savings in scam ICOs are earning experience: always think carefully and analyze all the factors.
Honestly, the trash, shit ICO projects made the ecosystem of this field became the speculative place. Look at the profits from ICO lending, wow, if I just care the profits, it's really good for those who invested and bought at ICO price. But for those who bought it at high price, they are the loser at currently. They lost huge money within short time. Ponzi!