If you get tokens on ICO, that means the ICO project has already worked ? Or you can still get tokens from failed projects ?
ICO projects can literally fail at any point. I mean there are times when we could say surely that if we have gotten the coins then we are actually on the verge of success. But with the recent ICO scams it is explored that ICO's can scam us at any point like when they get listed over an exchanger and they start to dump the coins that they are holding and leading to the dumped market. They take the money and shut the project after that. Thus it is not guarantee that we are hitting the successful ICO here but it is just one step forward that we are on to something.
It does not always end up with them closing a project. Sometimes they continue on with it with their false promises and while people still support them, they continue on operating even when it is nothing but a cheap shit token. I actually don't like the idea that there are so many people and many investors that are willing to run and support ICOs. I mean, there must be some other way to raise fund ICO is too risky and I'm afraid that the bounty they offer and the participants only support their scams.