Project developers are in no risk at all ,the investors are the ones in total risk ,devs only have to tender a working project and ask people for funds ,who says ICO and IEO is not a favoured business? That's why we have many not working projects,fake ,scam and pump and dump projects in crypto space..I have make up my mind never to invest in fund raising projects anymore ,I can name 100s of coins with no ICO and No Premine that are doing very fine in this market condition ,they are just here for the fund raising
Bounty hunters and investors are now realizing it now, that it's not profitable or worth investing in ICO some bounty hunters are now picking campaign whose coins are already in the market, some of them are transferring to gambling sites with signature promotion.