Yes i completely agree with your point as i was working in bounty and other crypto related projects from 2018 more than 99% of projects were scam . their intention is to take investors money and run away most of the investors invested their money for gettign real quick profit because the buzz created by the ICO . Here marketing and telling lies and convenience the people . It is how crypto new projects are working . But still not sure why investors are investing on ICO or IEO or any similar  . Already failure rate is 99.9% .