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.
Yes you're actually correct. Like Artblock it was from ICO and until now they still operating and processing their agenda and vision was so still good. So the thing is do not start a conversation without a topics like that ICO's are all scammers, making money and taking advantages to all investors. Some of them are 100% legit and profitable. The OP want to express his feeling about judging ICO's without any inspections.