I agree with you. When a product or working prototype, it gives more confidence in the successful completion of the project. After all, before the ICO to create a prototype, the company worked and found investments, it means that it really works, has experience, knows the weak points of the project and will overcome them.
ICO without product are like a scam
Yeah. How can they prove anything? Also, if they have marketing money why can't they spend it on a product? Looks suspicious
Just simple! And thanks a lot for pointing that out. That is simply because even the projects owners are looking for the easy way out and do not even want to try to give out something before taking.
It is always suspicious and a ready to work team would always have at least a product in the beta stage and something to show how much they are willing to work once they have the funds and not some empty promises which is why they always end up messing up their investors after the ICO is over except for some few ones.