I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.
This is the problem most of the time in the community here in the forum, they judged faster even without any enough basis in it.
Yes it is true that most of the scam project appeared was came from the ico, but this doesn't mean all ico are scam, of course not.
We should check first before we say something about it.