Hey @blockshine, great post... I was recommended to it by @crypto.piotr :D

In terms of scam stories, it doesn't have to do with an ICO, but more so with pyramid schemes that have taken place around the area I live in. There was two brothers who decided to start a pyramid scheme by getting all my friends to buy into bitcoin and other start up ICO's with there references and told them if they reached certain levels of referrals, they would get a percentage increase in there profits...

But obviously, it all didn't work out and a lot of people lost a lot of money because at the time, Bitcoin fell by a big margin. This really got a few of my friends that took part in this angry, because they were gullible and wanted an easy way to make money.

Luckily, I was able to talk a few of them out of it at the beginning, saying that they were at the bottom of the chain and will end of making a loss.

With regards to LCO's and STO's, I will definitely have a look at them, it seems like it would be a worthwhile venture :D

Regards
@shadown99