I think ICOs are indeed high risk but could potentially yield high rewards depending on a lot of things, most of which revolving around the dev team.  I'm currently anticipating a project called MenloOne that's going to be an ICO marketplace allowing us to buy ICOs and manage our portfolio. Its team also mentioned that it has developed a proof of reputation system that will help stop fraud (not sure how this works yet). Has anyone heard of this project and can confirm if the team working on it has a good record?