Wow, that's a series of wrong assumptions. I actually sprayed my ETH already in mid Dec on presale address (0x8A4Bfa67BdF5AB4b640D391e75c7Ad523A5BF021). Only after McAfee shill (which I personally disapprove) I started to do some research of company and found some serious allegations against COO. I asked about the state of these allegations on telegram and got banned. Then I came here, because I couldn't get any answers. I think it's a legitimate question, isn't it since many media reported on that. Now I mostly feel stupid for investing in a company, which is polluted with old-boys logic and far away from blockchain idea(l)s.

My question specifically was about Matjaz Rakovec, COO, who was investigated by Slovenian anticorruption agency, as reported by mainstread media (use google translate): http://www.24ur.com/novice/slovenija/korupcija-in-klientelizem-na-zavarovalnici-triglav.html

Some ICOs offer really interesting and innovative business models. Lots of them probably won't succeed in long-term, but some of them will (especially early birds!). It's a rule of long-tail, like with everything on the internet. But ICOs won't disappear, they offer a paradigm change. It reminds me of the change that was introduced by Web 2.0. At that time nobody really believed that a web site without content and just a service for socializing would make money. Web 2.0 introduced a different business model, and ICOs are offering a different business model. Very interesting one - participatory (some may say more democratic), prone to corruption and transparent. Cheers.