I think 70% ico's are scam they just copy others white paper and publish it and owning itself its quiet hard to indicate whether the ico is good or not better yet always ask the ico readers if its good or not.
I must say that unfortunately, this is so true. I've been on a team that did a pivot and conducted an ICO out of nowhere because the company is running out of operating funds. A random connection approached my boss and proposed for him to do an ICO as it is the "fastest and easiest way to get funding". We all got on board and the connection became our ICO advisor. Fast forward 6 months, we only raised 300K and most of the funds were spent back into marketing the ICO and market making. Long story short, we ended up where we started and a whitepaper to fulfil...
