that in the past ICO projects performed very well if they used ERC20 tokens or projects built on established platforms. because it has the potential to grow well and reduce risk when compared to creating new technology. but now on the contrary I don't see ICO functioning properly even though it's built on an existing platform like ERC20.
I will not blame the platform because the platform has been built in such a way, but I will blame the developer, Why? because most developers have misused this for crypto schemes to get rich and most project failures are based on the background of developers who do not have extensive knowledge and deliberately tarnish the ICO project's bad image.
I totally agree with you. I miss those days of ICOs run by legit developers with platforms that are unique and have a practical use. Today it is very hard to invest in a very legit project that even gets launched in the market. now you really have to have deep knowledge of every ICOs as scammers are becoming smarter in conning victim investors.
Scammers are smart enough to make people fool, they act like real and legit but after raising the money they start showing the real face. Most of the ICO have no technology or a vision except some words on whitepaper! 2017 was the golden year of crypto and many big projects came but what happened then? Most of them are dead already.