Some useful initiatives to evaluate a quality of an ICO:
general evaluation points:
https://blockchainhub.net/blog/infographics/how-to-evaluate-an-ico/?utm_content=buffer03d19&utm_medium=social&utm_source=linkedin.com&utm_campaign=buffer
https://cryptorated.com/about-us/ico-ratings-calculator/
security law framework for Blockchain tokens:
https://www.coinbase.com/legal/securities-law-framework.pdf
https://docs.google.com/spreadsheets/d/1QxOV2dgxO3C_TyVE0-41ZwLlzPmB-EE1NNshJGuedCU/edit#gid=0
code reviews:
https://blog.neufund.org/announcing-neufunds-ico-transparency-monitor-an-analytical-toolkit-for-the-crypto-investment-9abfa72fe62e
formal verification of smart contracts:
https://securify.ch
https://oyente.melonport.com/#version=soljson-v0.4.19+commit.c4cbbb05.js