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.
I do not fully agree
but the facts are mostly like that.
nowadays ico is no longer as interesting as a few years ago, especially seeing that most developers did nothing in this situation. not as said on paper white.
but again, I don't think that overall ico is a shitcoin or a scam. some of them really have good opportunities to make a profit.