In this stage of digital currency growth, a lot of attention is on ICOs, as it presents an opportunity to join a project from scratch and grow with it. This is obvious from the amount of funds raised from ICOs according to
https://www.icodata.io/stats/2018 ICOs has raised a total of $6.9billion in 2018. This is higher than the amount raised in the entirety of 2017, after carefully studying the chart, you'd also notice a drop over the year, with September being the lowest month so far. This could largely be attributed to the bearish market. And also the increase in scam projects.
A scam project is one in which the developers source for funds without any intention of developing the product or fulfilling any of their promises, i.e they make an exit scam.
I've realized that projects can not be simply divided into scam and legit, there are also poorly organized projects. This would have every similarity with a scam, nothing would ever be done on time and some not done at all. The roadmap would only be reflected on paper. Such projects might somehow get listed, but would probably fizzle out. This gives a little insight in the different types of ICOs
https://news.bitcoin.com/80-of-icos-are-scams-only-8-reach-an-exchange/Let's never be too quick to tag a project scam or legit.
Some projects can have a successful ICO and even get listed but still turn out to be a scam as in the case of bitfinex.
While some could have a below par TGE and struggle to get listed, but do well on exchange and could possibly ride the waves to new heights, especially if it is backed by a dedicated team
Investing in ICO is a dicey venture and should only be done if you have enough experience in cryptocurrency. And always with capital you can afford to lose.
Established currencies is a safer option.
Always remember your primary priority is protecting your capital.