Based on My understanding Ethereum based ICO is more trust able than waves based ICO or smart contracts because in waves any one can create coin using small waves fees the only thing required to marketing coin lots of coins turned out scam . But waves having lots of feature Like we can trade smartcontracts and coins in DEX , also Lease your waves and earn finally you can even create your own coin or token with some clicks.
As ETH is older, they was more scams and more stolen funds on the ETH platform.
And yes, Waves is so easy to use, anyone can create a token for a few cents.
When Smart Contracts come on Waves, ETH will only have it popularity left behind.
The reason for the scams - biggest of which was The DAO - was the way ETH implemented Smart Contracts. Waves is implementing a non Turing complete model. They compliment one another - not compete with each other.
ETH is getting interest from Fintech etc who have the resources to exercise high diligence when using the platform for core tasks. My guess is that many disrupting projects, from both old and new players, will use both platforms for different purposes within the same product.
Oh! And token creation is currently 1W - or >$4. I suspect this will look really cheap in the short to medium term.
