why lots of ICO scam? due to the absence of regulations to regulate a new ICO that wants to enter the market. in other words we are free to create an ICO without having to make a license as to where the location of the company and anyone who is founding the ICO. as the rapidly evolving world of cryptocurrency and the ease of making an ICO make this a gap for fraudsters to make fake ICOs.
it may be necessary for a platform to set or verify the new ICO before the ICO is in the market. because it is unfortunate when there are many people who want to enter the world of cryptocurrency, they must invest in the wrong ICO.