it's a bad thing because they inflated the currency before it is printed, but after they promised their first investors a less inflated product. -> The value of the investment got reduced.
This is a strong sign that it is a scam although I don't have any further details, maybe they have a good reason (but I doubt it). Maybe the Chinese weren't so wrong to regulate ICOs.
Agreed. Ultimately people(investors) need to be smarter about where they throw their money.