people want to easily earn money. They want to quickly create a copy of the coin and get quick money. Often behind the beautiful wrapper of their project lies disorganization and incompetence.
Without a doubt, you are right! But do not treat all market participants equally! Still, there are projects with interesting ideas aimed at developing their technology. But there are very few, it's true. That is why participation in ICO is a very risky and profitable occupation. It's always difficult to find a good project out of a lot of bad ones.