So be careful about ICO projects from China.
Because most of the time they are hyped, they don't really want to develop blockchains.
This statement doesn't make so much sense. Do they quit because they are Chinese? I don't think they give up of money, especially Chinese people! They are pragmatic. If the project is hyped and they have a lot of coins, devs are incentivized to develop the project and make millions of dollars.
Problems with these Chinese coins is hundreds of them came out of nowhere from last year. It's hard to believe they had these great ideas and they all waited until the 2017 bubble to develop it. Then they all claim huge partnerships with Chinese companies and government institutions you cannot really verify. They do that with western companies and they get called out as fake partnerships. Vechain's BMW and Oxford partnerships were fake as well as the one with Vitalik Buterin.
Also the problem with VeChain is it's scamming people thinking it's a wise investment to hold X-nodes but they own 80% of the supply of coins. They'll have 101 authority nodes, and ton of other upper tier nodes that get 200% bonus on gas. So they own all the supply plus give themselves 200% bonus. A literal scam. China Hustle at its best.