A new study found that initial coin offerings (ICOs) are most often employed by those trying to make quick gains and disappear underground. A total of 78% of ICOs in 2017 were “identified scams,” the study found, and only around 15% went on to trade on exchanges.
An article from here: https://cryptonews.com/icos/close-to-80-of-icos-are-scams-but-they-get-less-money-2245.htm

A new proof that most projects on the cryptomarket don't worth to invest