About 80% of the ICO's are frauds or done so poorly its like burning your money. 20% of ICOs are legit. For example ETH was an ICO and so was Antshares (NEO). 100's others that very legit and have a good chance at making it longterm. However, a lot of shady and un-organized projects too. I am not sure why any Investor would not just stay away from these? Fake promises I guess without proper due diligence.