ICO isn't a certification that the project will be effective, in light of the fact that most ICO projects are as yet restricted to ideas and don't have clear references, yet projects that don't make ICO or premine are generally genuine and great projects.
It's not about running an ICO or not, though most projects do, absolutely anyone can create a coin and run an ICO and that's what happens this days, hardly can you get any well thought out project with a wonderful usecase, it's just a load of scam projects and the few genuine ones with absolutely no hype, no marketing strategy, no real team or devs, the coin dies the moment it hits an exchange.
Really at the moment ICO's are as good as dead.
We are somehow out of ICOs and now in the regime of IEOs
A slight name change to me doesn't mean much, whether it takes the appellation of IEO or ICO, it's more or less the same and 99% a scam and 1% a shit project.
Before I chose what project to invest as an investor, I double check their products and it potentials before.....
With the number of projects today, getting a good project, with a good "product" is like searching for a needle in a haystack, wouldn't it be better to just invest in only the bitcoin, better if you ask me.