Yes, ICO is a scam! It was a golden goose in 2017 but nowadays it's a way to burn/waste your money. Never invest in any kind of ICO projects. That's the way to avoid such scam procedure!  Why do you invest actually? To make a profit? Then ignore ICO, STO, All the shit exchange's IEO! Buy the top altcoins, or buy the top exchange's IEO.