The ICO market begins to calm down after an unprecedented rush and gradually turns into a stable and reliable tool for crowdfunding.  When crypto community realized all the charm of smart contracts, then with the help of ether began to release tokens.  Now there are four main types of tokens: Payment, Donation, Utility and Security.  Over the past two years, Utility has been able to collect a huge amount of money on kriptornke using the tool ICO.
 After the explosions in the collections of 2016 and 2017 (about $ 4 billion and $ 6 billion, respectively) summer of 2018 came - ICO volumes fell by about 10 times.  According to the chairman of the expert council, the cause itself was kriptornok - influence is exerted both by the fall of the BTC rate, and the projects of previous years, which did not justify themselves.  Koltsov believes these factors are the main reasons why investors stopped believing and investing in Utility tokens and startups.  So it seems to me that the ICO time is most likely coming to an end.