The example is quite simple. Almost any project at the development stage needs financing. In return, they can only offer a derivative product (a token), which holds less value for them at a certain moment than your money. Otherwise, this deal wouldn't have been offered.
Logic suggests that, a priori, your money is more important to you than someone else's token. Similarly, logic suggests that for the project, your money is more important than their token.
In that case, the point of a mutually beneficial deal is lost. All that remains is a bet that the team will create value for the token that exceeds the nominal value of your investment. Otherwise, it doesn't make sense. BUT they offer no guarantees.
It turns out that this is a one-sided risk for the investor. Absolutely no advantages.
In rare cases, public fundraising is organized with the aim of a truly exclusive offer for a limited number of people (genuinely so), and on favorable terms. For example, when a project has achieved PMF.
Most projects today cannot ensure return on investment, yet they offer an opportunity (without even bothering to explain the prospects or the rationale for the investor).
Some might think this is just the way things are, but in reality, it's more like charity.
Ultimately, investors provide value to this token with their money, while value creation should be ensured by market fit and the need for the token (if it is needed at all). Likewise, history shows that for many, it would not have been needed at all.
A small addition. Every other project in EVM can use ETH for DAO and other functions. In the Solana ecosystem, the same can be said about SOL.
But who cares? After all, we love creating money out of thin air.