Will be interesting to see how many of these ICO's actually make it.
99% of them are going to fail, that is just the law of the land...
So are there legit ICOs? How can we identify them? Please, give some advice. Thanks.
Unfortunately, in many cases, ICO founders just want to make a solution based on blockchain when there is no need for such, moreover, often they actually are not going to decentralize, rather keep a central company that will run the show.
What do you mean to say?
I believe that is the most important red flag - if by doing ICO one is not decentralizing in essence (creating open source ecosystem that can be run by its members without the need of a central body), then such business does not meet the underlying philosophy of blockchain and should not do an ICO, rather go to garage48 and pitch their start-up to fat business cats.
