lol.... you miss the real problem with that ICOs.
Poor beta ETH code what never should be tested with $100m like we saw. Of course a gamechanger when see crowdinvesting worldwide but the tech is way not at that stage - the companies and teams anyway never worth that money.
When people pay large sums in whitepapers with teams what know each other a few weeks you can clearly see in what hype we are now. Nobody of them could valuate that codes - even not the contracts, lol.