ICO without whitepaper - page 61. | Bitcointalksearch.org

mazesta

newbie

Activity: 79

Merit: 0

Quote from: isaqyomex1 on July 05, 2018, 05:53:53 PM

Personally , I don't think there should be an ICO without whitepaper. The whitepaper bridges the gap between an investor and a company. Can we say a ICO without a whitepaper is a scam? Or what can you say about an ICO without whitepaper

Can we say ICO without whitepaper is a fraud?
Of course it can, because Whitepaper is a very important thing to attract investors other than the project. if there is no whitepaper most likely the ICO is a SCAM and do not follow it.

jerrison

full member

Activity: 1442

Merit: 106

i for one have been very skeptical about ICOs that come up without whitepapers. i personally feel they are yet to be prepared for their projects as their whitepaper is supposed to be the detailed explanation of their projects and will be what investors and/or contributors will go through the pages before considering the project or projects worthy of their investments

DikkieD

member

Activity: 560

Merit: 22

I'd say get in their Telegram and ask for a roadmap. If they provide one check if the whitepaper is mentioned.

Often ICO's are just ideas. Most aren't even thought through yet. I think each ICO should be treated with the same amount of caution. A perfect whitepaper only says they took a bit more time getting thoughts and ideas on paper. Doesn't mean that a project without whitepaper is a scam from the beginning. Some simply need to advance a bit more.

poktur

jr. member

Activity: 238

Merit: 1

GIGZI - INDEPENDENT WEALTH MANAGEMENT

If the company does not show its technical document, then this is definitely fraud.

Sallymunchy

newbie

Activity: 27

Merit: 0

ICO without whitepaper is not worth to invest ..
Whitepaper is a must and need to understand their project then only we able to invest it.

Question123

sr. member

Activity: 1624

Merit: 267

In my opinion , whitepaper of ICO is very important for me because you will see if the project is legit or scam and if it's become successful or not. There's a lot of information about the ICO. ICO whi are good to invest is complete information and anything to convince participants to invest to their project.

Juggernautbtc

newbie

Activity: 70

Merit: 0

Quote from: isaqyomex1 on July 05, 2018, 05:53:53 PM

Personally , I don't think there should be an ICO without whitepaper. The whitepaper bridges the gap between an investor and a company. Can we say a ICO without a whitepaper is a scam? Or what can you say about an ICO without whitepaper

I agree with you. If the team can not allocate money to write a whitepaper, which is a very important part of the project, then you can not think about success. I try to skip such projects, in any case, you will not lose much.

f12345

newbie

Activity: 90

Merit: 0

There are almost no universal truths when it comes to token issuance and Initial Coin Offering (ICO) events but here’s one: every one has a white paper.
The trouble is there is no standard, universal structure, or best practice when it comes to these documents.
After launching benjaCoin, I was struck by the range of questions and comments we received. We heard that we were too technical and not technical enough. We were asked about how we’re getting Nike into cryptotokens, and whether we think the movie The Fan should be rebooted. Questions and comments all over the map.
Based on that experience and my involvement in subsequent projects, here’s a list of questions that should be answered and things that should be standard in any white paper you’re considering:

Suharjo

full member

Activity: 420

Merit: 100

ICO without a whitepaper is not entirely a scam, but investors become less convinced if it is not accompanied by a whitepaper. because for a potential investor, a whitepaper is essential to provide more explanations about the roadmap, future project development, and more.

mariaana

member

Activity: 399

Merit: 16

It is unthinkable that an ICO is without a whitepaper. Whitepaper plays an integral part of the ICO's project. Investors would like to invest in a project with a good team that has an engineering experience to launch a tokenized project. I believe that ICO's that do not have whitepaper has less chances of reaching its deployment as a utility.

nekorakoeora

member

Activity: 434

Merit: 10

somehow it's a bit dubious to me. ICO without whitepaper will make a job without having a clear concept and purpose. up to now, I've always found using whitepaper and it made us know what is supported. If no whitepaper will probably be questioned as well but if it can produce then it doesn't matter.

Laxus215

member

Activity: 244

Merit: 10

White paper is an important instrument that helps business explain themselves to people about what problem they are solving, how they are solving that problem what is the time line to achieve the same. they also address the business issues, showcase their products and prototype and can also outline a competitive solution for the same. There are few things to be considered before going to the conclusion whether the ICO is scam or NOT
1) Sometimes ICOs start developing community and marketing without whitepaper take example of https://icodrops.com/tari/, it doesn't mean this project is scam. Sometimes projects are under development too.
2) Don't trust all projects with good whitepaper, Go deeply and check for information like stage of the project. Check is they have working prototype, Codes, and partnership. Check also whether Venture capital are supporting projects, sometimes VCs also supports project from early stages.
3) Activities in Blockchain related events & conference.

iamsediii

member

Activity: 98

Merit: 10

Without whitepaper it's look like malicious project because the team they don't have plans and roadmap when developing the ICO. After ICO, they don't know what is the next step to do. So that the whitepaper is the most important before you start to developing the project.

Getcoinsite

sr. member

Activity: 714

Merit: 260

Quote from: isaqyomex1 on July 05, 2018, 05:53:53 PM

Personally , I don't think there should be an ICO without whitepaper. The whitepaper bridges the gap between an investor and a company. Can we say a ICO without a whitepaper is a scam? Or what can you say about an ICO without whitepaper

Thats a clear example of a cam projects and theres nothing to think twice,how can a ICO be recognized and be called a legitimate project if even white paper they cannot provide?only fool will buy their reason if ever there is,never engagd with that lousy team and project because for sure they will only victimize people around hre

bogdasha07

newbie

Activity: 67

Merit: 0

For me it is also important to see white paper before making any conclusions about the project. It is a real must-have.

AmericanBit

sr. member

Activity: 630

Merit: 250

For me it is suspicious, and I can say that there are not so many ICOs without whitepaper. When I saw this project I go through IcoGuide.com and almost all projects listed there have the document.

captin crunch

sr. member

Activity: 630

Merit: 253

Quote from: isaqyomex1 on July 05, 2018, 05:53:53 PM

Personally , I don't think there should be an ICO without whitepaper. The whitepaper bridges the gap between an investor and a company. Can we say a ICO without a whitepaper is a scam? Or what can you say about an ICO without whitepaper

I think that whitepaper is important document where the idea of the project is described, if it is not described anywhere than it is difficult to figure out whether the project is good. So I do not think that such project will have success, and most probably it is scam.

Nata2017

newbie

Activity: 94

Merit: 0

I think that the project must provide a white paper. In another case, there is absolutely no confidence in this project. How do you even deal with this project without documents and information?

krassy

member

Activity: 476

Merit: 19

The Whitepaper of the project must be present, because the idea of the project, its technical analysis, capabilities, value for investors and users, a road map - all this is contained in the main document of the project - White Paper. In fact, this is the charter of the project. ICO without whitepaper is nothing.

mkhadazz

sr. member

Activity: 560

Merit: 250

ico without whitepaper it seems that it is very unlikely because of the whitepaper they can read the project plan they want to emulate and can make the investors become confident with the existing ICO so it's better that ICO should have its whitepaper.

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