I vaguely remember an ICO of a token that was based in the Stellar blockchain called Glitzcoin that held their ICO in June 2018 and they raised a whooping sum of $18,000,000 but the most amazing thing is that I checked the token price now and discovered that after a year and half, the tokens is still maintaining it's ICO price.
Glitzcoin is a fraud project, the development team stole the bounty hunter's money and they paid the amount 5 times smaller than they actually were.
As soon as the Bounty campaign ended, the Glitzcoin group hid the spreadsheet and paid a sum of money representing the bounty hunter. The bounty hunters tried to contact the group and demand a public spreadsheet, but anyone who talked about the bounty was fired from the chat group.
It shows that their project is worthless, i mean if they can easily fool bounty hunters from the right payment they are asking, then what we do expect for investors if they complain also. they will do the same thing and will kick you out of the group every time they dont want you to ask something important about the tokens.