No, the ICOs if they are intelligent they transfer investors' harvests from crypto to fiat.
And, leave only to speculation what they are capable of losing
a lot of projects don't do that. look at ETC, they closed down because of the market.
So they were irresponsible scammers, who played the investors' funds, when this was not indicated in their ICO. It is very important to know the people who work, their mentality.