I actually went and read through your article, Its full of assumptions and at times practical possibilities, but to prove 99% of ICOs are scam, you need to come up with numbers and figures, showing total number of ICO in a period of time and 99% of them being scam. I personally dont think that it is viable to say 99% being scam, yes a large number out there are scams, but 99% is too big to count upon.

The reason for all of this is the greed to have money which can be easily achieved through fake ICOs. In crypto it would be hard to trace the scammers and most of them can escape without any cases filed at the court.

it seems to me because there is no regulation for the market and therefore this happens in the market of start-ups. when the regulation comes and everything will be fine

Not the %99 but there are many scam ICO's.. Personally i worked about 30 scam or unsuccesful project and everyday this number getting high for me. I really make researches before i join to bounty campaigns or ICO's. The high pointed ICO rewievs never helps us, it can be scam too, so we have big problem about it.. :/

in 2018 the new members of the forum on bitcointalk are very significant and plus a lot of new bounty managers who are still inexperienced in handling projects offer themselves as bounty managers and this is a great opportunity for unscrupulous actors to make scam projects and add price problems to the exchange market. that is not good

It is just wickedness on the part of mankind. They know from onset that there is nothing they have to offer and yet they will bring their crap to the ICO market where an inexperience and unsuspecting mind will be exploited. You can save yourself the scam problem by doing some due diligence finding out who are the team members, what is the product  that the project want to bring out, will the product add to the good of mankind and this concept of theirs will it be realizable?

I feel submission is not true as it is not backed up with detailed facts and figure, Yes we have lots of scam ICO, BUT I feel the 99% stated is enough to discourage investors into the cryptocurrency space and also have a negative impact on real ICO project.

Is TOMBOLA's ICO mentioned as a scam ICO in your article?

They edited their whitepaper mid-ICO from an EOS project to ETH to pretend it's a blockchain project while taking investors money.

https://bitcointalk.org/index.php?topic=4691540.600

People who invested already (the ANN thread is still titled EOS) weren't offered their money back or anything. The team just changed whitepaper and pretends its the same project on a different protocol.