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.
Right, all of them arent scams ICO at the moment that means majority of the ICO are failed. But its true 99% looking promising ICO's was scam in the last year you have believe it. In generally many peoples thinking if any project will unable to minimum raise which is scam because they didnt get reward its very common thinga right now. But recently there are no success ratio in ICO projects. Everyone know that to find out success ico is very rare.
The era of ICO is already dead. The mainstream right now is the IEO which they are ICO but they are directly offered in exchanges and it is convenient since after the IEO, you can easily buy and sell the cryptocurrency that you bought. Even though there is a new type of coin offering, the basic principles still apply, just do your research first to completely understand the project and if the coin is worth it, then just invest the money that you can afford to lose.