90% of ICO is scam in many ways.
- They get million dollars and run away.
- They still there legally, they already have a product, live on a website, however they set the initial stock very high for ICO participate, higher a lot than its value, so when the token show on an exchange, it make no sense, price will drop significantly and never growth. and YES sue me, you did want to take your own risk. They how they earn money when their product is not that great to sell.
- Marketing tricks to manipulate users to sell token, so investors can buy low, and sell high.
This is something you can't control your money. They can do whatever they want.
BIG RED FLAG