You can't, nowadays everyone can copy-paste a well-written whitepaper from another project. You have to look at several factors like the idea behind the project, you need to check out that it isn't some money-grabbing vague idea with no substance. You also need to know if they're offering something innovative for the market, otherwise, you'll be investing in yet another project that offers nothing different from the 90% of the market.
There's also the communication aspect, do they communicate with people on a daily or weekly basis? Do they offer constant updates about the project? Do they engage in discussions about the project with the investors? and so on...
And those are just a few aspects about evaluating a project that you're looking to invest in, you shouldn't just look at the whitepaper, otherwise, you will fall for an ICO scam.
Topic: How can I evaluate ICO based on the whitepaper - page 2. (Read 311 times)
can you give me some tips on what constitutes a good whitepaper?
There are no specific tips, which have a lot of role here is your ability to conclude and speculate logically,Is the white paper quality related to the project’s success?
Of course,Quality speaking is like speaking of the ability to influence. The whitepaper is structured as a tool to influence people even though many of them contain foolish things. So, back to my first statement.
while in reality they don't do anything remotely close to that.
Then they will laugh in front of their PC after the ICO is completed and reach the softcap. Maybe only one thing they really successful to implement from the various plans in their roadmap after that..."Listed On Exchanges"
Read it thoroughly, check the members and key members of the team about their reputation, use google, dig deep about the parent firm and check the rating on ico benchmark site - but you can never be 100% sure.
First assume, that EVERY ICO is made to bring money to the guys behind it. You should have a very good reason to invest in something, other than just the dream of getting rich. Bring up terms like development, support base, technology, uniqueness and usefullness. If you are not satisfied with the answers on only one of these topics, than it is probably not worth it.
you can not because most of the times these ICOs don't even write their own whitepaper. instead they pay someone with quite a lot of experience in the field to write something without even knowing what their project is about. they have experience in creating a good advertisement for that shitcoin.
also ICOs are always using a cool looking idea to fool you into thinking they are actually implementing that idea. and their paper is filled with that while in reality they don't do anything remotely close to that.
also ICOs are always using a cool looking idea to fool you into thinking they are actually implementing that idea. and their paper is filled with that while in reality they don't do anything remotely close to that.
Evaluating the white paper sometimes the team is important. That will show the commitment that the coin is backed with experienced developers but that isn't all though. The future goals are important too. That will guide an investor as to if the coin can stand the hard times.
Technical details and concept of the project can easily be made into words put in a PDF file, what you might want to investigate are the teams behind the whitepaper, behind the project. Experienced investors don't come all the way to invest due to the concept alone in the whitepaper. These isn't even enough to make them do it but some just trust in giving away their coins hoping to have good returns because they see MVPs so consider the community they build for the ecosystem too.
The first thing I look at, when I open the whitepaper, is statistics. Good ICO is not shy of it and always try to demonstrate it.
Hi, I am new to this field... I have read several white papers, but I really have no idea how to evaluate whether the whitepaper is good written or not, can you give me some tips on what constitutes a good whitepaper? Is the white paper quality related to the project’s success?
Thanks so much!!
Thanks so much!!
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