Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. Its quite alarming. Is there any possible way to filter or screen projects before running their ICOs to avoid scam?
In that year there was absolutely no regulation and who wanted to raise money, he collected. The most interesting thing is that at that time no one was restless about the scam project or not, everyone was interested in quick profits. Now, when the market is in the downtrend for a long time, everyone started talking about it.