I fully agree with the topic starter. Over the past year, many unnecessary tokens have appeared. And everyone says that they are doing a brilliant project. Although in fact most people have nothing but a roadmap and whitepaper.
There are situations when a project team has a good idea and a big experience in its area but there are no resources for a development of at least a prototype. Or it can be that an idea requires a too big seed capital. ICO definitely, is the fastest way for reaching new achievements and tops of success. But risks are inevitable here.