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.
Indeed. It does not really mean that because a project has failed upon launch, it is already a scam. It is just that compared to other projects that have been launch simultaneously, some projects are not being attentively seen by the public and not being popularized that is why they are not gaining the supporters they need to succeed in the launch of the project to reach until the end. It is really true that there are too many scam projects out there which I think comprises almost a half of the market but still there are lots of promising projects that are good and worthy to invest with but some good projects do still fail even they are not scam because of some factors that is being a hindrance for the project to succeed. We must not generalized the thought upon hearing ICO that it is all scam because there are still existing ICOs who are still good. You just have to find it.