That is fact, many ICO now are scam and I got scammed by three ICOs already for this past 4 months. Many ICO are not true to their words though they pay you with their token but sometimes have no value at all and some pays so low, also the most irritating is that those ICOs which are hype but end up as a scam. I am loosing hope with ICO bounties already.
This is what many people observed today its really hard for bounty hunters to find a better ICOs considering that scammed ICOs are now flooding in the bounties section and even those known bounty managers are also involved.