ICO projects are not yet dead, but their volumes have decreased tenfold and are still on the verge of survival. These projects now really need regulation and, most likely, regulation by states in order to rid them of so much fraud. Many states are already preparing regulations for regulating the activities of the ICO and, perhaps, soon we will wait for such regulation. Perhaps after that the activity of the ICO will be revived Everything will depend on how effective such regulation will be, since it can also have some negative consequences.