One of my friend, who is a good coder too, just sold his car, when I asked regarding that why he sold the car ? I was thinking maybe he want to invest money in bitcoin, but he said that he is not interested in such things, he need money this time, people who invest money in bitcoins or ICOs always get losses, because building a simple project takes many time and a complex project needs research and a lot of money. He said that he is a good coder and thats why he developed a dapp for someone, he spent around 3000 hours, but after completing her project, her client replied after the ICO that she could not raise funds, and the ICO failed. The money she spent on the project has lost. So why you don't support people when you see a ready project or dapp ?
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That's totally sad that good project don't raise their fund and other hand scammers loot investor money. At this moment people trust on IEO than STO or ICO. Because people are fed up to give their money on scammers hand. Anyone can start a fake project with ICO/STO and loot money form investors. I don't say it's not possible to scam in IEO, it is but not regularly like ICO or STO. If you research last couple of years how many ICO scam project loot money from people then you can understand why IEO arrived in crypto world.