I can't agree more of with your research, we have so many ICOs and only few are really utilize their token, most of them have no real use of their token and I believe is the main reason why Crypto tokens are dumping so much every time that there is FUD.

What I would like to add to your research is that DIW can be the missing solution that crypto market needs for self regulated ICOs and a safety net for investors.
I found today this article here https://www.coindesk.com/crypto-industry-should-self-regulate-says-cftc-commissioner
DIW makes absolute sense to me as the platform that can solve 99% of the problems of crypto community.