You did not even put any link to a website or a name to even know what you are talking about. I would actually love to see the way this is going to work anyway and how the algorithm, will be able to help with all that you have mentioned with such as accuracy and like you have said, it should give investors a chance to make use of and also help reduce the number of scammers. However, regulation is around the corner anyway, so scam will still reduce, but the life expectancy? I am really looking forward to see how that would work.
I don't think ICo regulation is around the corner. It should take at least a year. THat's a century in crypto time.
Also, even with regulations, there will always be scam ICOs out there. Just like penny stocks.