Yeah ICO is alive. Not all ICO project turn to scam, we just have to be careful in choosing ICO project to invest. Many ICO are successful and one of them is Binance, their have great team and good platform. All of them make their tokens so valuable and become a profitable investment.
Well, ICO might still be alive but the reality is that a lot of new and upcoming projects have shifted towards IEO because it is believe that it is faster and it is the latest idea, especially when it is being conducted on a very strong exchanges like Binance and other top exchanges.