It is really sad to know that ICO is finally becoming archaic and a thing of the past, Crypto market would have really suffered a major setback if not for the intervention of IEO and STO, most especially IEO because STO is still yet to gain relevance a much as IEO is gradually gaining, and I know that within the next few years, IEO will be the major accepted form of crowd funding to most investors, because it is a little but regulated and yet does not have the involvement of government in it, unlike STO that is being regulated indirectly by government through its agency known as SEC.
There is no need to pity or show sympathy for ICO, ICO has done more damage to investors, most have lost their life saving touching these tokens, this is the reason most of these developers are running away from STO's because they know with time they have responsibilities to investors, but most of the so called STO's in the space now are jokers and not one of hem is rely serious and that is why people are not interested in them