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.
I agree. Most of the ICOs are scams but not all of them. I have experiences which can prove that some ICOs can really be helpful and successful in some ways. If you've always been on an ICO that is a scam, then you would definitely conclude that all of the ICOs are scam. You should first be careful on picking which ICO to join and support so that you can experience and recieve good profits from it.