there are no more ICO for now but there are IDO and IEO
There are still those projects that chose to give it a try as an ICO.
where they directly sell tokens in the market and I think they are more effective than ICO that have a lot of fraud,
IEO is much better because they're being supported by an exchange and it's an assurance that they'll get listed already on that exchange. The better the exchange, the better sale they'll get because investors are relying their trust on the exchanges. So if it's going to be for the developers choice, they would choose to be into an exchange with assurance as they put the project on sale.