Finally, most projects present blockchain as a pill for every malady. But does it really make sense for that particular industry? Is it possible to implement the same project without a native token? Is blockchain tech a decisive factor in the final products infrastructure, or it could work pretty much the same without all those distributed ledgers and smart contracts? Does it really disrupt anything but your patience for the word disruption?
Blockchain is a huge field and collecting funds for a project using tokens in blockchain is just a small part of it.
There are indeed other ways of collecting funds and making projects happen but blockchain provides an easier and transparent way of collecting and using funds. Though there are numbers of scam, we cannot call the practice bad when multiple of projects have benefited from it. Again there are still many other ways of building a project or collecting funds and they'd always remain. The investors too would always have a choice.