Obviously projects with high APY are tempting, naturally almost anyone would prefer a high APY investment, provided they heard early.

Most times, like it has been said by several others, people who suffer the fall of those projects are the late investors. No one, not even myself would want to keep a coin everyone is dumping.

Now I believe all projects must have arrangements for both early and late investors.

So my conclusion is, whether the APY is high, low or zero, project owners should have a foresight and must be genuine and true with their project. Users should also be carried along to know what's going on at every point or stage of the project.