Irrespective of problems encountered by crypto enthusiasts like fake icos, scammers and delay. I think ICO plays an important rule in execution of sound projects. So Without ICO, most coins find it difficult to raise funds to execute their project. Without ICO, coins or projects will find it difficult to advertise their project, without ICO, projects will find it difficult to reach the right audience, Etc.therefore I believe in ICO because it enable me to research, analyst and evaluate the potentials of that project. Do you also believe in ICO?
Yes and no. As a concept I see the value it brings to the project and investors. Investors can invest any amount they want and fund a project. The project gets the funds they need. In the United States, ordinary citizens cannot participate in Venture Funding because that requires a $200,000 minimum investment. There is no way that an ordinary person can reap those benefits with that kind of limit.
On the other hand it's relatively easy to create a website, make a jargon-laden whitepaper with made up words that sound impressive and create fake social media profiles too fool people into handing over money for a project that has no future.