If you start a business and ask the bank for $10m they will throw you out on the street. ICOs should set a much lower and realistic softcap, even $1m or $2m is enough for most of these projects in the ANN thread.
Do you think they really need millions of dollars for a team to develop a program and then market it afterwards?
it's legitimate if it's like that but if there is an ICO that has reached the target of up to $ 20M, whatever money is made compared to what you say $ 2M, is enough. not to mention ico is a scam