Its not about time but of quality. The ICOs that happened at one time and now renmaed as IEOs never had anything to develop on. The objectives of these projects had already been taken up by huge mainstream companies and they had no edge to go and compete with them. The crypto niche is still a very small community and thus we dont see them making much of an effect in the world economy.

Hence these projects were a failure from the start. Still people wanted to make some quick cash and joined them - these fool investors deserved what they got because of the flawed judgement. The bounty hunters were no better. With the smell of free money they joined and get nothing but worthless tokens in return.