Is there something that could be done about upcoming ICOs with nothing to show (no MVP), to reduce the risks of investing in projects that will just flop?
Theres nothing we can do on how to stop those useless projects would flood out the entire market as long there are greedy people do tend to make a scam project just to make a good quick bucks from investors.
I do agree on some of your points that crypto is somehow a Ponzi but not generally yet we do know that there is really a real innovation on here but the system on how to cash or funds circulates on the entire market we can really make these presumptions.
Exactly we can not do something about this because they can really do what they want if they have the resources and capabilities to do an ICO then let them and some on the telegram that had joined the ICO was always asking for an exchange on certain token because they really want to sell that Token from hard earn money instead of staying as a token forever, Who else doesn't want that? Or they can simply sell that token and buy for some leading Cryptocurrency especially bitcoin, And In my opinion if there are ponzi cryptocurrency out there, There are still legit and we can say a trustworthy Coin that we can choose.