Sure, I still believe in ICO's. Of course, there are enough negative examples. And especially the 2nd and 3rd quarter of 2017 has demanded a lot of patience from the investors.
But still there are enough great projects with huge potential and promising starts.
You are right, there are still ICO that have a great projects ,we just need to study first about the ICO before we invest on it or before we join in their bounty so we avoid those scam ICO.