Ethereum!!!, the development team will run into debt even before the project start, this is one of the stupid thing I've seen in the space, is this a team that I'm going to trust with my fund, if they have already start throwing it away
I dont understand where you are coming from. But do you know about how successful ICO allocate their funding? Even appearing on a popular youtube or putting their ICO listed in a website or design a banner will cost $10k usd. Instead of giving all these media to help them advertise, they choose to distribute the funds to the participants so they can benefit from it.
Even having bounty campaign manager is not cheap at all, look at how many ICO actually have bounty campaign.