Well, it's a new term, and the meaning constantly evolves. From what I've seen, the expectations raise every month - originally ICOs were just posts on forums,

Well, it's a new term, and the meaning constantly evolves. From what I've seen, the expectations raise every month - originally ICOs were just posts on forums, now you need to spend considerable amount of time preparing the business outline, building a team, and your own credibility. If I'm not mistaken, some ICOs launch with some serious coding before. The current requirements for a good ICO are quite similar to what you'd expect from a seed round, if not higher.