I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.
That's right. We do not need to rush in judging a project is a scam project. I personally think the large number of people participating in project scams makes it easy for people to think that 99% of ICO is a scam. I personally do not agree with these statistics, because there are several other projects that are running and continue to develop the projects they bring.