ICOs doesn't dead just convert the policy from initial coin offer to initial exchange offer. This way product delivering not easy but to funs rise of any project if ICOs isn't enough to service in cryptocurrency, IEO is the future for rise funds.
yes ICO is still alive and he can grow again so there is still an opportunity for ICO to be better.
the number of frauds and projects failed, many avoided the ICO and later said that the ICO was dead.
maybe if everything is okay, and the lack of fraud so ICO will continue to grow and the market gets better so that the ICO will improve.
IEO is the choice of many people and many join when ICO is not in good condition.