Does Whitepaper determined credibility of an ICO - page 4.

FinanceX

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Quote from: nussy on August 13, 2018, 05:59:52 AM

An intending cryptocurrency investors recently approached me for my input in an ICO he intend invest on. And one of my advised to him his to read through the whitepaper of the ICO to determined how credibly and successful the ICO will be.
He then, ask me how sure I am that a well written whitepaper will determined how credibly, trusted and successful an ICO will be.
I couldn't give a clear answer to the question, because I personal know that so many scam ICO have a good and well detail whitepaper.

What's your take on the ICO whitepaper, can the information therein be enough to determine how successful an ICO will be.

It's important to identify the legitimacy of the team behind the White Paper. I think by far the safest option is to invest in an ICO that already has a functioning product. There is far too much uncertainty with ICO's solely based on a White Paper. When investing in a product, you already have proof of it's application and the ICO will enable the already successful company to expand and you can reap the benefits!

bhordz357

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RealtyReturns

Quote from: joniboini on August 13, 2018, 06:19:35 AM

I personally think the team is more important than the whitepaper. A well-known professional team, packed with great advisors, is a must for me.

Of course, a good whitepaper is appealing for an investor and you should also consider it, especially if it is well-written (every explanation needed for the ICO is there). But don't think it ss the only source to decide whether you should invest in the projects or not. The whitepaper can be plagiarized, bought, copy-written and so on.

I think for me it's an initial guide in determining if that ICO introduced a product which is suitable for the market demand its also a venue where you can read and know the team behind that support that project and if you decide in that ICO you can go deeper in your research.

Getcoinsite

sr. member

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One of my basis of learning about how good and reliable the ico project is by looking and checking the white paper and the road map,ofcourse the team behind this ione good factor also.

Many Scammers now are copying or leaning into other whitepaper to look their project valuable but we can compare this to original so we wont be misleading

So far i have joined and invested for more than 10 ICO since i joined cryptocurrency and God is good because i never become a victim of those damn illegal people here

Babyhouse

newbie

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Whitepaper is only a superficial guide for investors but it does not the represent the credibility of an ICO. There are alot of factors that is needed so that we can say that an ICO is credible.

South Park

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I am terrible at Fantasy Football!!!

Quote from: nussy on August 13, 2018, 05:59:52 AM

An intending cryptocurrency investors recently approached me for my input in an ICO he intend invest on. And one of my advised to him his to read through the whitepaper of the ICO to determined how credibly and successful the ICO will be.
He then, ask me how sure I am that a well written whitepaper will determined how credibly, trusted and successful an ICO will be.
I couldn't give a clear answer to the question, because I personal know that so many scam ICO have a good and well detail whitepaper.

What's your take on the ICO whitepaper, can the information therein be enough to determine how successful an ICO will be.

The white paper is important since you can get a lot of information out of it but a white paper is nothing more but the intentions of the developers, I have seen projects that look great on paper but without the abilities of a good CEO the project failed almost immediately, so you need to do a greater research than just reading the white paper before deciding if you invest in an ico or not.

docamvan1997

newbie

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Whitepapers are not all things which determine how successful an ICO will be. We must see all results after activities of the manager team. From that we can predict about the projects. After that we can discuss with other investors about them before investing.

arthur305

newbie

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These days white paper is part of the prerequisite for qualifying a part but definitely not the most important. Don't invest in projects without close main net.

fuer44

sr. member

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actually if you want to read carefully, yes. all ico project reviews, it's on the whitepaper. but some people, are lazy to read it because it is very long. before investing in ico, reading whitepaper is very important. because of the explanation about the ico project, everything is on the whitepaper.

hildacitra

member

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It is a definitely there in ICO because all about the projects, the product to develop, the road-map, how to reach the goal anything else, are stated in the whitepaper. It is for persuading the investor and to get much fund for the ICO, if the goal or fund target not reach, all will be returned to the investor. Therefore, whitepaper it the most important in the ICO.

Cryptolord_ng

copper member

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White paper or no white paper, a scam project will still scam investors but for me I still belief a good project most have a well written white paper, that show the team knows what they are doing.

Cryptokeke

jr. member

Activity: 136

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In my side i think whitepaper actually a tool to understand a project if it is going to b successful, if it is a good project and so on. Whitepaper determine the flexibility of the project and what can you get and what benefits can you gain in it.

Siren

sr. member

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No not at all,but atleast investors and even bounty participants may have something to read and basis on how the project might go.if this one is legitimate or shady there will be comparisons to other active project or those past projects,because most of the scam whitepaper was copycat from the old and new ico or if not atleast almost the same

deceno

newbie

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Yes, when a project is produced. First of all, there must be some ideas. And these ideas are included in the white paper. So let's see if a project is good or bad. I can read his white paper.

blackhawkeye1912

sr. member

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Whitepaper, indeed, is one of the most important part of an ICO. However, these days with 90% of the ICO's are failed and/or scam, these whitepaper only serve as SWEET WORDS with no value. They only serve as convincing elements of ICO's. It is actually better to check the people behind them than the sweet words in the whitepaper.

Cita1

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Quote from: nussy on August 13, 2018, 05:59:52 AM

An intending cryptocurrency investors recently approached me for my input in an ICO he intend invest on. And one of my advised to him his to read through the whitepaper of the ICO to determined how credibly and successful the ICO will be.
He then, ask me how sure I am that a well written whitepaper will determined how credibly, trusted and successful an ICO will be.
I couldn't give a clear answer to the question, because I personal know that so many scam ICO have a good and well detail whitepaper.

What's your take on the ICO whitepaper, can the information therein be enough to determine how successful an ICO will be.

Whitepaper alone can't vouched for the credibility of an ICO considering that there are a lot of scammers out there trying to fool investors with their copied whitepaper from another ICO. But if you find a legit ICO, i recommend to read their whitepaper because it would help you understand their project more.

BQ

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CoinMetro - the future of exchanges

A well written whitepaper is a good sign, but a whitepaper itself doesn't guarantee the developer team can deliver the product! when you're researching an ICO, make sure you look up the team members, are they legit? experienced? etc. I wrote a guide here with some more information: https://bitcointalksearch.org/topic/analysing-icos-applies-to-crypto-investment-in-general-3760625

jrvictor

newbie

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In my opinion yes. If the team can not make decent whitepaper, then how they will create huge and complicated project?

blokceyin

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Sound/Foley FX Design Service For Your ICO Videos

Most of them are just consist of copy-paste these days but if they are explaining the project uniquely and seriously it definitely takes my attention.

Buttonluck

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I think that defines Whitepaper the credibility of the ICO. Execution of the road map is just as important. Everything needs to be considered before investing in ICO.

Anita1873

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In my opinion, the whitepaper does not determine the credibility of an ICO, Its give you the detailed information about the project only and not give the surety of success of the project. The success of any projects depends on its service or product and how much need of that kind of service or product in the community and it depends on the team and the developers too behind any project.

Topic: Does Whitepaper determined credibility of an ICO - page 4. (Read 2154 times)