According to some articles that I have read it is true that 80% of the ICO are scams. But the moment that you have found a great ICO it is a huge deal.
That was the figure back in 2017. Now that percentage may be even higher. ICO sector is in a very bad state as a result of a surge in the number of conmen and scammers entering the field. We urgently need to do something so that the investors feel confident once more.