I have mixed feelings about ICOs. Back then, they were the only way I could get tokens. I participated in their bounty campaigns, with the goal of later exchanging for BTC or ETH. So at least I was able to make a slight profit from the ones that made it to an exchange (spoiler alert, most of them never did, and the ones that did never reached the moon ... lol). I just remember people were throwing pretty much everything into the blockchain, and writing the craziest white papers. I gotta admit I was fascinated by some of those projects, and really believed in them (I was so young and innocent back then).
But, at least it gave me access to crypto, which considering the increase in the past couple years, I am happy about (even though I recently hit a snag with one of those ICOs and I am trying to recover my funds from their useless wallet).
ICO's on which that are worth investing is into those ETH, BNB era on which most projects did able to make out some significant worth and profits into those who had been able to invest into those times.
Now, we do have tons of projects launches every now and then and i have some worst experience on pinksale too on which most projects being launched out there turned out to be a rugpull.
Doesnt matter on how good looking on whitepaper or other factors but still it wont be that enough to give out assurance that you would be ending up profitable as an investor. We do know that
the most important stuff on here when it comes to projects success is community support and recognition and so as with those whales who would be that heavily investing.
Have i made anything from ICO wayback? Yes, but i have forgotten on whats the name yet there's still quite number of ICO into those old years on which i do made out some investment into it.
MAde out some money but i'd wished that i have been able to hold up those coins on which I might be that become a millionaire if ever i have done into it.