Many ICO projects are dead, I hope you will not participate in the new ICO. This will be better for the development of the industry.
But the reality is that many still do join them and looking for their time to find a jackpot ICO and bounty.
scam projects are destroying the crypto space, investors are really scared to invest in ICO projects nowadays as a result of ico projects i the past failing to deliver the promised project. In my opinion, lot more than regulation needs to be done.
They are making the confidence of most to lost on this space but it doesn't mean that they are totally destroying the whole crypto space. They are disturbing and discouraging more investors but soon the number will become lower.