There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
I agree with some of your points, but I think, instead of removing them totally, there should just be a more comprehensive safeguard and security mechanism to check whether one project is really that of a scam or a legitimate project. I know the trustworthiness of many ICOs have been on the low in the past couple of years, but there are still some users in the market that thrives with it, and there are still some investors and developers that are willing to gamble it and make such department of the cryptocurrency market their alley for success. So, instead of removing it, why not just create a mechanism to make it more protected.