Currently I never touch ICO or other fundraising model, because I prefer to buy tokens after listed on the exchange. But my mistake is using centralized exchange that have low trust, so I been loss about 2k equivalent of tokens. This CEX is Cryptopia, they closed and never refund the assets of all their user, that happened in 2019.  For beginner in crypto space should be becarefull to use any CEX and pick out that really has high trust and regulations.