Most of these projects are token sales and yes you can discount them as the technology is irrelevant to the scheme Winners in an ICO utility token sale (a gift

Most of these projects are token sales and yes you can discount them as the technology is irrelevant to the scheme Winners in an ICO utility token sale (a gift card sale, not equity/money only marketed as such). Coin FOUNDERS that get a starting stake. Early INVESTORS that get coins at a discount. INSIDER traders that know when the positive media or coin listing will happen. EXCHANGES that get paid to list and pump the coin. Loser. You the bag holder