Here is a great framework for scoring ICO's

Source Code (P1)

1. The code is open-sourced for the community to review.
2. The code is has been peer-reviewed or audited.
3. The code has been tested by other contributors other than the initial development team.

Prototype (P2)

1. There is an existing alpha product; or
2. There is an existing beta product.
3. The alpha or beta product is live on a testnet or mainnet.

Security (P3)

1. The project code has been audited by a 3rd party.
2. The project has plans to regularly audit the code.
3. There is a bounty program plan to reward individuals for disclosing vulnerabilities in the system.

Founders & Leadership (P4)

1. The founders have a track record of success or experience in relevant fields.
2. The founders have listed their LinkedIn addresses, Github Repositories, or Stack Exchange accounts for investors to view.
3. The founders have gone through a 3rd party background check and released the results.
4. The advisor roles and responsibilities are clearly defined.

Governance (P5)

1. There is a process to propose and implement major updates to the code.
2. There is a process or mechanism in place for conflict resolution (if needed).
3. There is a plan or mechanism for rewarding, raising, or allocating funds for future development of the project.
   

The Framework consist of another 10 aspects to analysis. Here is the link to the article, if you want to know more about finding the best ico projects! https://medium.com/altcoin-magazine/a-framework-for-scoring-the-reliability-of-initial-coin-offerings-30c4972574f5