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.
This is not entirely true. The percentage of fraud among ICO projects is indeed high, but clearly does not reach 99 percent. There are very many promising ICO projects on the market that are capable of developing further and improving cryptocurrency. The popularity of ICO projects can still rise, if fraud is removed by regulating this type of activity by government agencies.