What is not good is that there are people who are taking advantage of this especially multi-million scammers. I believe these are highly organised people and can be consisted of different nationalities.
All I'm trying to say here is to do your homework before investing on this one.
Most ICO investors are not capable of doing any kind of analysis of any blockchain project. Generally ICOs publish just 3-4 pages of information directly related to their technology and rest of their whitepaper is just about blockchain in general and ICO related stuff. Scammers know it's easy to scam in the ICO market - they just need to create a stupid story and investors will throw millions into their ICOs.
People have now started "cloning" ICOs too.
Blocksims ICO is similar to Mobilink ICO:
https://blocksims.io/You may also want to read these:
https://hackernoon.com/how-to-quickly-spot-an-ico-scam-a128a42bd5dchttps://steemit.com/mobilink/@irrational/mobilink-coin-ico-too-many-red-flags