yes i realise that. i understand how they work. they want you to pay for the notion of an idea that's not built yet. and bizarrely people seem to enjoy that notion of paying for something that's not even built in the pursuit of grand investment designs later on! :)
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Many will fail, lots of people will lose their investment. You have to pick and choose wisely. I don't recommend any ICO btw, just getting the info out there for people to decide.