are they really?
tell me, which one of these ICOs so far do you know that actually did something useful with all the money they received?
how many of them contributed something to the real world? made some advancement in the blockchain technology? solved some real world issues?

now tell me how many of them were scams? how many just took a large amount of money and the project remained what it was on the day 1?
how many of them were poor copy paste of another project?