At this time, ICO is no longer as good as the old days, more and more emerging ICOs have made many projects fail, resulting in scams, big losses for investors and bounty hunters, prices not in line with expectations. Choosing a project that really works is very difficult at this time.
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True, around 80% of them are scams and the only promises given by the ICO is via whitepaper which is not back by anything, which in this case the dev can just take money and run away.