Cryptocurrency is a revolution in the transaction but also used them to hold a major Scam.
ICO is a round of public fundraising, usually launched by a technical startup. The startup sells cryptocurrency tokens to investors; investors buy in the hope that the company will develop into a large business, which will increase the price of tokens.
There are no exact promises that ICO will turn into a good business. Investors are forced to give credit of trust together with their money. This is where the Scam begins.
Indeed,people are eager to put their money to these investments though most of the new projects are scams,people just want to earn faster that is why they are risking too much,sometimes the those ICOs which promises things that are good to be true are the ones which has turning into scams,thus you will need to have some research before joining any of these ICOs.