The altcoin zone is almost becoming a dump site for shitcoin. With just anyone being able to come up with a token on any of the blockchain makes it easy to have shitcoins littered all over the place. But the question is; who is going to clean up the mess? Natural death or a regulation is going good to be imposed later?
The best way to establish order is to create general rules for conducting ICO. It is advisable to do this at the legislative level.
Now it has become very easy to start your project. Therefore, there are more and more scams. And this must be fought.