Not necessarily, but this year many ICOs are scams. Perhaps this is not what the project party wants to see. But because of insufficient funds, the project will fail.
I do not agree with the statement that every ICO project is a scam. I do not deny that there are projects that are built aiming to cheat, there are also projects with good objectives but failing to sell coins or tokens. I think there are still many projects that are legit and have good growth.
Exactly not all ico are scam, just be alert on choosing on which Ico is good to be penetrated and study its strategies on how it was develope and reliable to conduct a project with great objectives. Being wise can evade scammers,
This is the hardest part when choosing the right ICO to make investment because nobody knows what could be the ending. But there are many ways to determine a legit one and all it need is time and effort. Better if they already have a working product because it's nearly somewhat nearly true.