We've all seen what happens after the ICO with projects that do not really have the right application.
Whether they have a working product or not is no longer important.
I personally stopped believing in advertising and looking for such start-ups that can bring innovation to everyday life or to the progress of humanity.
Let the chance be given to those who care about the human race.
It seems one has found already.
only because some projects do not deliver, it doesn't mean they don't bring any progress. You need to be patient with a projects that are genuine and see if they can manage at the end or not. Do not judge them after few months.