i think ICOs now have become more shit and lazy than ICOs pre ethereum.
before they develop their blockchain and wallet first. so you at least have a working wallet.
ICOs now developers are active before ICO and becomes lazy after ICO. they just make whitepapers
and some fancy website. geez some ICOs that gathered millions in just a few minutes doesnt even want to pay big exchanges to get listed.
EDIT: IM TALKING ABOUT ERC20 TOKENS ICO INSIDE ETH OR OTHER COINS LIKE ETH. NOT ALL ALT COINS
Investing in tokens need more deep research. I'm agree that most of ICO is not profitable, but not all ICO is shit. To be honest, i have some profit investing in BLUE token. They have promising project and SDK. You can join their telegram here https://t.co/RoxhCbc3ku