You don't right. There are projects that have developed (already) products but they need funds to speed up marketing.
So they should just get funded by VCs, Why do they need tokens & billions of USD? Even 1 million $ is enough for every single project!How much was the Whole ethereum project hardcap ?
ICOs cannot keep robbing people with white papers. 99% of icos scamming people! For example Recently GoNetwork basically did that. Raise 50 million and now have market cap of 3 million. And they have absolutely nothing to show for it.
Just check out recent icos performance. All below Ico price!
I understand your feelings, and although we can't say that all ICOs are scams, we can safely say that the vast majority of ICOs are launched and financed by people that are united by greed... this results in major failures and of course, the usual parasites and scammers...
All major changes in evolution have this parasite problem, the majority of crypto space users doesn't care about anything else other than getting rich fast, and this causes this chaos....
But we can't forget that people are robbed also because they do not care in doing their own deligence... they are just after the smell of easy money...
Most shit coins/tokens are definitely going away sooner or later
At this point, my research is confined to POW/POS coins with own blockchain, no premine, no ico...
