Up to today, I have failed to understand why the so-called teams that make value less tokens out of a thin air can't send them to a campaign manager or an escrow service before the campaign begins.
Because to me and you it seems valueless but for the team it had a value. When a project starts, it starts with a dream and until it fails the teams always think they will have a successful project and fulfill the goal they have.
ICO are dead but still there are people who like to think the strategy will earn them enough funding and make their project live.