ICO is a form of capital call that is similar to an initial public offering (IPO). Other than that, instead of receiving a share, the investor will receive token.
Risks associated with ICO activities have raised concerns among many countries. In 2017, China issued an ICO ban and closed its domestic electronic money exchange. More recently, the Korean Attorney General proposed a bill banning all electronic money transactions.
ICO is the most riskier for of crypto investments because there are many ICOs are run by the scammer they will steal all your money in the form of ICO sale.Once it was done then they will hide aways.But many tokens will get good values after the ICO sale which is due to their great development team.So if you want to make more money then it always comes with risks so we have to pick legit ICOs to make money or we will lose all.