Many projects do not make sense, but most importantly, they can not have a real product, that is they are meaningless! But there are very interesting ones, which show all the hopes, as a rule, they come out with the original product and simply collect it for its development.
Projects we see these days are mere copy paste from other projects. I think we have the same circle of people coming up with developments of projects. They start on a project and once they've made their gains, voom, they move on to another. This is one reason why we have too many abandoned projects in the space.
after one year of posting this thread by the OP, i guess people already learned their lessons with projects launched in this crypto space. though a lot of devs have gained on their own ways, a lot have suffered from those promises and hoping that one day, they will get rich...