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?
Here is the Link:
https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/Yes you are right, that much of them were scams and now i am afraid that even a higher percentage than that are scams out of the coins that are coming out this year. There are really not good projects any more and with so much scams around it is no surprise to see that people are no longer interested in investing in these coins anymore.
The problem is that there is not much innovation going on in the market, for example I see a lot of anonymity coins but we have coins like monero and dash, it doesn't matter which one you prefer both of them are very good, so why do we need hundreds of those coins? The truth is we don't and that is why so many of those coins disappear, and that is just the problem of redundant coins, we have a big problem with scam coins which never had the intention of developing anything and are only after your money.