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.
Why is everyone blaming the developers?After all, many traders and participants of the bounty are to blame for the fact that the price of assets has become very low.Yes, many really only enriched themselves by doing nothing but there are those who really wanted to create something useful!
Because developers are supposed to run a good project, but they are the first one to take every investment of their investors. They ruined the reputation of ICO which become the reason for investors to lose their trust when investing in cryptocurrency. They just created a project for their own benefit without thinking of the possible things to happen and its effect in the crypto market.