Its true looks like everyday we have new ico new ANN thread new worthless coin/token, Some are just creating ICO and collecting money with no real use case and scammed so many people so we need to be careful on what altcoins are we going to invest. I think SEC will step in and will eliminate worthless ico's.
that's why i never investing my money in ico campaign but in other case is a different, like IEO campaign untill now i'm still participate but just from big exchange like Binance, Huobi, Kucoin and etc.
investing in ico is too high risk without any escrow and certainty of prices on the market