I suppose a regulatory body be set up to audit the ICO process and the founders, and if anything goes wrong or should the project fail, they will be liable. This will reduce drastically investors risk and also keep scammers away. What do you think?
Now there is a lot of discussion about how to regulate ICO, but so far no universal measures have been taken. The ICO remains an excellent territory for scammers, which is certainly sad. If this continues, the situation will scare off investors, in which case the whole community will suffer.