Topic: Does Whitepaper determined credibility of an ICO - page 5. (Read 2154 times)
the success of the ICO is, of course, determined not only by the whitepaper.at this stage of ICO development there are a lot of risks.I already on the intuitive level determine a good project or a fraudulent one.
For me the whitepaper is not enough, the project must be good and so as the team. I've read a lot of whitepapers and I've seen that their goals are the same with so many unknown team members.
It is the team that determines the credibility of an ICO rather than the ICO. Whitepaper just gives a description of the project whereas the team fulfills it.
No, the white paper does not determine the credibility of the project. It only give some idea about the strategy or the blueprint of the project. The credibility of an ICO project mainly depends upon the team working behind it.
White paper for me serve as the brief history and description to any cryptocurrencies that's why I treat it as an important matter whenever I try to join in any campaigns. But it doesn't describe the credibility of the ICO that's why sometimes the content of the white paper is not the basis when we were going to judge an ICO.
No, the white paper does not determine the credibility of the project. It only give some idea about the strategy or the blueprint of the project. The credibility of an ICO project mainly depends upon the team working behind it.
Whitepaper is very important for ICO projects. It's really reflect the total projects and that's why it's help the investor to know about the project.
There are many scam ICO and if a ICO has a clear view whitepaper that's mean this ICO is reliable and probably not a scam one.
ICO project is promising or not that's maximum time define on it's whitepaper many investor depends on whitepaper to choose their project.
First and foremost, every sucessful business deserves good marketing strategy in other to attract investors, on that note you have to employ every necessary marketing skills, techniques and style to make your product a center of attraction. Despite that, it is still gainsaid that not every well articulated and constructive whitepaper will determine the success of that particular coin more especially in this era where we have over one thousand alt coin in the crypto market. This is as a result of the fraudulent attitude of some persons in the cyber space who will package something beautiful just to deceive ICO investors to buy their coin and at the end of the day, they will make away with the funds raised.
All things being equal, no prudent investor can invest into a project where the whitepaper does not have a well articulated objective, a problem it has to solve, a well defined token sale and the means of token distribution etc. Therefore, the whitepaper determines the credibility of an ICO to an extend but not hundred percent as the case may be.
All things being equal, no prudent investor can invest into a project where the whitepaper does not have a well articulated objective, a problem it has to solve, a well defined token sale and the means of token distribution etc. Therefore, the whitepaper determines the credibility of an ICO to an extend but not hundred percent as the case may be.
The Whitepaper does not determine the credibility of an ICO, although it does in some projects, but no all,
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.
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.
no white paper is meaningless i mean if you want to write a complicated and detailed white paper,
thats no problem for an engineer that studied on a university.
even less of a problem for mutliple engineers.
the success of an ico depends not just on the leadership but also on the support from the society. and the obtainability of ressources. as icos are in a zero sum game over obtainable and useable ressources.
Whitepaper does not determine the credibility of an ICO, some of the Whitepaper are copy and paste, some projects do not even go up to there whitepaper
To ensure the credibility of any ICO project there need a very good and supportive team with a proper and detailed whitepaper. To make any ico project successful the team almost works as driving force to profits.
It should be a major factor in it but most folks tend to ignore it as it is just too tedious to dive into a WP with 60 or more pages. But yes, if you are seriously considering investing in an ICO, you should definitely take their WP into account.
No white paper is not that important, because it doesn’t determine the credibility of an ICO. It can be used just as a way to refer to the ICO project. It will just help you to understand the project. But there is no guarantee that it won’t be a scam. And if you find it scam then search in Google, look for the team mates and if something seems doubtful better leave the project.
No, white paper doesn’t determine the credibility of an ICO. It just shows a guideline to you about the project. Also there is no guarantee that there will no scam! If any found, just Google it, or look for the team members. If it found to be suspicious then leave the project!
Some Btt members here say yes but for me no because the real purpose of white paper is to show the intentions of the project which is what are the goals need to accomplish and etc. So there's no way it can help us to determine the project if it's good or not 'cause white paper is more on testimonials and had reference that the project is realy legit.
How to find a good ICO in the future?
For myself, I see from their background, whether they are new in the world of crypto currency or whether they have long been in crypto currency. second, we see their partnership. third we see how many investors participated in the ICO, don't just invest by looking at the bonus given, we also have to see whether the coins / tokens will be in demand or not.
How do you invest in an ICO?
Let's see if the ICO sells their tokens with bitcoin / ethereum / waves. if they are based on ethereum, buy ethereum with your bitcoin and then send a number of ETH to the address provided by them.
For myself, I see from their background, whether they are new in the world of crypto currency or whether they have long been in crypto currency. second, we see their partnership. third we see how many investors participated in the ICO, don't just invest by looking at the bonus given, we also have to see whether the coins / tokens will be in demand or not.
How do you invest in an ICO?
Let's see if the ICO sells their tokens with bitcoin / ethereum / waves. if they are based on ethereum, buy ethereum with your bitcoin and then send a number of ETH to the address provided by them.
It is true that a well written white paper doesn’t guarantee the project credibility. There are other factors to consider such as the team members, claims on partnerships and etc.
In my opinion ICO’s credibility can’t measure only by a whitepaper because it only shows their concepts and an investors can only know their details by it. Its important to know the background and previous activities to trust them.
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