Lots of projects enter the ICO. Some of them collect millions for their development. However, startups are more and more often given the “scam” label in this environment. The reason lies within problems experienced by the team after successful fundraising or in the process of creating the product itself. For example, Tezos, which did nothing for several months at all.
Due to the fact that no major blockchain project has made it to the final stage of development yet and because of the lack of the ICO market regulation, a cautious attitude towards the crypto industry can be witnessed more and more often.