I don't agree: there are good ICOs and bad ones. The important point it's to chose wisely.
Looking at the project as a whole and looking at the team behind it, is very important to make a correct decision.
If I can give you guys my opinion, I discovered an exciting ICO that is very interesting: RAWG.
Check out this great article by Sergey Ulankin, RAWG's Editor-in-Chief, where he explains what has been done so far and what will be the future updates:
https://medium.com/rawg/wp-bits-5-vision-and-current-state-69127bfbeb2aThe ICO will start in a short period and they are at the moment in pre-ICO phase. This is the ICO site:
https://token.rawg.io/. It's a video game discovery platform that converts your skills into goods and services (the site is already working, with more than 57,000 games in the database) and, which is very interesting, they have already reached the soft cap.
Have a look and get some information while doing your own research!
Another interesting point: RAWG has already secured $5m USD, halfway to hard cap of $10m!