Telegram is a great example for me to finally start understanding how this is supposed to work. It seems like a bit of a chicken-and-egg problem (at least in t

Telegram is a great example for me to finally start understanding how this is supposed to work. It seems like a bit of a chicken-and-egg problem (at least in the way I keep seeing it described): you fund your project/app/scam with money from your ICO, but you only get money from your ICO when people believe in your project enough to put ("real") money in it prematurely. At best, this is basically the Kickstarter model that everybody likes to trash, is it not?