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.
its not the developers have no knowledge about crypto,
its totally pure they just came to ICO for scamming people.they using it , and make crypto more badly, and of course they wont care about it.
since creating some ERC 20 tokens not hard enough, they just need a stupid language on their whitepaper and create a 3d photoshop for their roadmap and they completed at basic,now they just go to last step,and that what us call "project".
for example : total ico raised 1mln usd,
so they just pay 500.000 usd to some exchange to list their shitcoins and they got a half of ico raised,+ token their have from shitcoins allocation.
so basicaly, they just have plan for failure and got the money.