ICOs, regardless of what blockchain platform they run on, will continue to perform poorly until investors can easily verify the vetting and locking terms of seed/presale investors via smart contract. No one wants to be dumped on.

It's ironic that a lot of these projects develop smart contract platforms yet do not use smart contracts to lock those tokens for the duration communicated to investors.

The bull market may mask this issue but the bear market has made retail investors smarter.