Many ICOs are real startups. Many were also scams. Given that after 1 year, at least 13% have dished a minimum viable product, we can expect the percentage successes to go even lower.

Low expectations are a pre-requisite to startup investing.

As to 1.3% ICOs, I’m going to take the view that it’s too early to call. I stand to be corrected and respect you for your view.