In my humble opinion, transparency and honesty of the projects, rather than demonizing ICO or sanctifying STO, are the current problems that affect trust, with the natural implication in the loss of cryptocurrencies, which surely affect both an ICO and a STO and even to pretend to make STO popular in the future as it should be, according to my vision that I share with the good analysis of this publication.

I believe that the characteristics for ICO versus STO should be analyzed and enhanced in order to help restore confidence and even make the whole system more transparent (of course I prefer STO...).

In fact, I agree that security tokens in conjunction with smart contracts are the way forward, but necessarily improved in the transparency and honesty of the Blockchains projects associated with them...

Good Work Team, @neavvy & @crypto.piotr