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RE: FABRIC Token ICO Ongoing - Raises $1 Mil First Day
And if you watched any of my ICO Class 101 videos, this type of ICO falls into the "Hype" scenario. Meaning it is favored to sell when it spikes after the ICO trades on exchanges. Most ICO's fall into this category. These ICO's can be profitable, especially when there is a hard cap on funds raised.
But the profit is not made because they're wild success cases where people utilize the product, the projects are successes for investors because money flows into crypto investments irrationally, and some may very well flow into FABRIC driving the token prices higher, if it gets decent exchange adoption.