If any of you are still interested in ICO's (I hope the answer is no), then you should know that 99.9% of them are complete garbage. They've been lying about the amount of funds that they raised, project details, project intentions ect. In other words, the majority of these companies are garbage dumpster fires. Companies like Swachhcoin (dumpster fire) got exposed recently on Tipestry. They've been deleting comments in their Telegram that exposed their company as a scam. However, Tipestry allows users to comment on the app as an extension. This way, Swachhcoin and other ICO's can't delete comments that expose their project for what they are...which is garbage.
Yes, such projects really have a place to be and badly spoil the reputation of the ICO as a whole. But there are companies that really promote their projects and do not need to put all the projects in one row. It is necessary to create tools to identify fraudulent projects at the initial stage, otherwise the ICO will not have a future due to mistrust.