I'm watching many ico's these days. Many of them looks like scams and many project seems to be loosers or crap as you said. It's very hard to find legit one.
I'm just trying to be careful and not invest so much in ico's. It's too risky.
LONDON - A blind investment in every initial coin offering (ICO) to date, including those that have failed, would have generated an average return of 1,320% for investors, according to a new report.
http://www.businessinsider.com/ico-mangrove-capital-average-returns-crypto-icos-2017-10?r=UK&IR=T