I agree with everything you stated OP. And thats how I have been going about determining my own investments within the ICO world. But on another note, I'm curious if any of you guys have had success with investments on sleeper ICOs. Solid team, idea, market cap, etc but a low level of hype going onto the exchange release. This may be a key to the most realized gain over the many hyped and over valued ICOs we keep seeing today.