There are far too many ICOs now and most dont really offer much more than an opportunity to lose your money.
It's starting to look a lot like bubble territory as there is no reason for most of these to be worth the valuations they have as there are no fundamentals.
That's not to say a crash is imminent as to quote Keynes 'The market can stay irrational longer than you can stay solvent'!
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Have you seen WTT token. It is backed by hardware, there is more information here: WTT