Fat tail risk is common in unregulated market. How do you take advantage of fat tail risk and make money from them? High risk high return ......most new ICO are overvalued ....so you have high chance of losing money except one secret..... you create your own ICO or your relative create one ICO. Otherwise forget about new ICO ....just focus on top 10 ICO....if the iCO are good eventually it will go to top 10. Then only start to invest ...your risk is low and potential of making money is higher.