There are lots of ICO in the Crypto market. From a statistics, it has been found 1000 of ICO was SCAM in 2018. Bounty hunter has wasted their time and investor have lost their money. But on the other hand 100-200, ICO was successful.
So, how to identify SCAM ICO?
From my personal view and experience, I think a good ICO should have the following requirement:
Good detailed Whitepaper.
Legal documents(for example: Registration under Estonia law, SEC, Chamber of Commerce etc)
Good Team member with reputation.
Good advisors with reputation.
Good working product
Background of the company(optional)
etc.
So, If anyone doesn't follow these requirements, they become SCAMMED.