The main factor that makes too many ICOs is that the easier it is for people to make coins or tokens, this is the beginning of many scam projects that make the market red and difficult to get up again.
yes, there is a lot of fraud now so this makes people afraid to join the ICO for fear of being trapped so many people run away. maybe there are many other things that make the existence of many ICOs so there is a lot of fraud. we must be more careful in participating in the ICO and explore more to avoid things that are not good.