Am actually new to cryptocurrency and I heard there are lot of scammers in crypto, I will like to hear from you guys, which of the ongoing ICO is legit and promising.

But some whitepapers looks pretty real,one will later know that they are pure scam.

this is like betting on stock and shares, but the difference is that there is no regulations and everyone can set up a ICO, not like the companies that have to qualify for a stock market listing.

Were you old enough to witness the Internet booming when it was just launched?

this is like that

crypto currency world, a world with no governors

Freedom at last.

I guess you just need to use your killer skills to see the future and invest wisely and clear minded of what you are riding!

Study on your own,that's the key. It's not good to rely on other's opinion alone. We can listen to them but we have our own mind to decide and it's our money were to risk. Better research so you will not regret.

Preferably before you choose an ico, you must first examine the example as you have to know who their campaign manager is, whether the manager is always active and responsible with his words, and you can also assess how the ico members work,

Red Pulse is a good bet. Would of said Enigma but after the hack....

Not really because if the intention behind an ICO is scam only then they won't see the amounts as well as times, but straight away dump once they get what they need, i.e.; your coins. The only way to check whether they are working on their projects or not is following up for longer, and I would say stay away from shady ICOs which say "there's always a 500-1000% hike in price for many successful ICOs". I have seen some ICOs doing that to attract customers like you who would love to fall for this.

You should read their whitepapers and do your own researches. We can't tell which ones are scams.
My opinion: Most of them are scams. They are all start-ups, asking for huge funds for products that have not even been created. This is only speculation. Be careful with these investments and don't forget portfolio management.

Every ICO that raises more then $300,000 is a scam.
It doesn't require more than that to develop something, launch it, and prove it is viable in the market.
If viable in the market, more money will flow in and the developers who held some coins can sell to obtain more funding if they need.

ICOs raise $millions so that they take money from idiots.
Or they buy the tokens from themselves to obscure that they own most of the money supply, so they can manipulate the price to take more money from idiots.

However, as long as there is a fresh supply of new idiots coming into crypto on a regular basis,
those who are complicit in the scam by buying the ICO, can find some greater fools to sell the bags to and cash out with a gain.

But if another crypto winter comes… and the oversupply of scam tokens may eventually exceed the flow of new greater fools coming in…

We're clearly in an ICO bubble and probably overdue for a wipeout…

The most important factor is 'team'. Do research as much as you can about team before investing. The projects which come up with the intention to scam usually show fake profiles of team members. So it is one of the best way to check authenticity of project.
No person will think to run with your money by exposing everything about himself.