Bitcoin Forum

I am concerned that most coins/tokens that are being created over the last year are actually run by people or a group of people who have no clue what they are dealing with.
So they rely on outsourcing a major part of their project to a 3rd party. For instance blockchain creating/UI, UX design/Website design/Wallet compiling.

And yet they all promise huge things in the future. How is this even possible if they cant even update or create their own product to begin with?

And i know they can hire people to do it.. but im suspecting huge money grabs from ill-informed investors

How much of this is happening?

Yes this is happening in reality with so many ICOs. ICOs are raising million to billions of $$ with their idea and good marketing and when there is a time of MVP to be launched what we get a BIG JOKE.

Yes most of the ICOs take birth from the idea only and later to build their native token they have to through everything you have mentioned plus legal, APIs if required, community management for all this activity they depend on third party sources.

If the ICOs team is not strong and they relly on third party sources to get their work done, then they also get looted from the third party sources take example of ICOBOX ( check their charges). Along with this third party sources I think some ICOs loot the ill informed investors.