Is ICO WhitePaper Matter Most? | Bitcointalksearch.org

john1010

hero member

Activity: 2086

Merit: 562

Quote from: r32godzilla on September 25, 2020, 06:16:16 AM

Everyone can promise and write a nice whitepaper, but the reality is pretty different, when it comes to the creating a product, team recognizes that they are not enough skilled and so they give up, but with the money what they raised from investors. Solution? Before ICO is managed every startup should present their product and not the whitepaper

.

Your point totally resonates with the challenges startups face in delivering on promises made in whitepapers. It's a common issue, and I appreciate your perspective. I agree that showcasing a tangible product before an ICO is a smart move – actions do speak louder than words. It not only builds trust but also sets a solid foundation for the project. Let's encourage more transparency and practicality in the crypto space! 😊🚀

capedbaldy

sr. member

Activity: 832

Merit: 286

Next Generation Web3 Casino

Quote from: john1010 on August 15, 2022, 08:14:57 AM

The time gone very fast, today, people are not interested in looking the whitepaper, people interest is just only on how they earn very quick, they don't care the project they are looking the right timing when the developer may rug pull the money from investors, then they will ride the tide. Whitepaper won't matter most.

Currently traders are focused on quick profits from investments so don't consider the purpose of the whitepaper anymore because there is no guarantee the price will increase even though the team will launch the mainnet and we have reviewed many cases of other alt projects that the launch of the mainnet has no effect on the price increase, so they are more appropriate take low profits rather than bear losses with no potential for price recovery.

john1010

hero member

Activity: 2086

Merit: 562

Quote from: N2CoinOfficial on May 26, 2021, 01:22:18 AM

Whitepapers have proven very effective for marketing and promoting cryptocurrencies. When Bitcoin launched originally in 2008, it was marketed through a whitepaper that was supposedly written by Satoshi Nakamoto.

Since then, almost every project has been introduced in the market with a whitepaper of its own.

Developers for new ICO projects now have more advanced methods of marketing at their disposal. New cryptocurrencies now rely on webinars, social media and animated presentations to promote their ICO.

The time gone very fast, today, people are not interested in looking the whitepaper, people interest is just only on how they earn very quick, they don't care the project they are looking the right timing when the developer may rug pull the money from investors, then they will ride the tide. Whitepaper won't matter most.

N2CoinOfficial

copper member

Activity: 54

Merit: 1

Whitepapers have proven very effective for marketing and promoting cryptocurrencies. When Bitcoin launched originally in 2008, it was marketed through a whitepaper that was supposedly written by Satoshi Nakamoto.

Since then, almost every project has been introduced in the market with a whitepaper of its own.

Developers for new ICO projects now have more advanced methods of marketing at their disposal. New cryptocurrencies now rely on webinars, social media and animated presentations to promote their ICO.

Luffygroove

member

Activity: 966

Merit: 25

Ton Together | Save Smart & Win Big

I agree it's not one the most matter, but still one important thing. By reading the whitepaper I can understand how the developers thinking and how the concept made. To complete the research, of course, we need to dig another significant information from them. Other than that, we also need to use our instinct. I think we also need to see how they interact with the community, and how the community itself. We need to see how they progressed and developed. Over the years, more people engaged with cryptocurrencies, more trash projects will come, and it means more things we should do to guard ourselves and gain profits, one of them is intensive research.

tbterryboy

sr. member

Activity: 1988

Merit: 322

Quote from: john1010 on April 25, 2021, 09:45:28 AM

There's a lot of project are using old coin/token whitepaper and make it fresh looking because of their creativity but after they've got your money for IPO/ICO etc they will create a drama and suddenly gone with the investors money.

That happens way too many times, I mean if you have the money doing it is not hard at all. Give me 100k and I can collect millions of dollars for you, that is the trouble of the crypto market. If you have 100k, you can spend 10k on development, 1-2k on design stuff, 3-5k on staff to control everything and then you can spend at least another 50k+ on marketing on the greatest places and you will be capable of collecting millions of dollars.

This is why it is filled with these people, not all of them spend 100k on this but the reality is that even if they do not spend 100k, they still earn more than they spend on the project, spend 5k and get 10-20k, spend 10k and get 30-40k so in the end it is profitable to start a new project, and when it is that profitable to start a project, everyone starts to do that. It doesn't have to be profitable for everyone who invest, project owners only care about how much they make.

mdgabrielzim

full member

Activity: 1232

Merit: 143

Today it is very easy to make a white paper, usually these scams hire someone who knows the area and in a short time he will prepare one for you. When I choose an ice, I prefer to pay attention to those who have a solid team, participate in events and go public in lives or videos.

daenarys_stormborn

full member

Activity: 756

Merit: 100

of course ico whitepaper matter, because a whitepaper is what makes investors interested in your ico project, so a good whitepaper will be more interesting, but that doesn't mean a good whitepaper will guarantee your ico project will be successful, there are still many factors that influence success. ico, but yes whitepapers are important

kak uli

full member

Activity: 1246

Merit: 103

Quote from: john1010 on May 11, 2018, 06:32:23 AM

Who among us here have been victims of almost perfect Whitepaper?
Those sublimely well-written, full of excellent ideas and proposals that turned out to be a piece of crap!
Reading whitepaper is not enough to be a basis of investing in crypto because almost everyone can write whatever they want,
they even promise you the Moon and Stars.

So, be careful now in choosing ICOs, as much as possible look for projects that at least have initially implemented the products or services, if not the whole.

anyone can write a word and a sentence that makes a lot of people believe in it. but for a white paper in an ico project it seems that only people who are new to ico will be trapped in it so that there will be fraud for someone who doesn't understand it.

repear7

full member

Activity: 1026

Merit: 110

Need Bounty manager ? Contact @repear71

I’ve seen a lot of projects like, where they can’t launch products as their whitepaper. Investing after read only whitepaper isn’t a good decision. Research about there development and keep your eyes on their present work before investing. Whitepaoer is important to understand a project plan. But, It's really not everything.

alex_andr25

full member

Activity: 364

Merit: 107

I try to invest in projects with a ready-made or working product. Or at least with a demo version of the future product. This will attract investors more than just an idea that may not come true.

john1010

hero member

Activity: 2086

Merit: 562

Quote from: tarable on December 02, 2020, 09:06:54 AM

Quote from: simpelplan on October 09, 2020, 04:30:32 PM

believe it or not but the fact is that there are still many good or fair projects plagiarizing their whitepapers and still doing very well in the market, for me whitepapers are not something you can use to assess new projects, you can judge for yourself that the Whitepapper is not a guarantee if the project is REAL .

Yes, there are many projects that have copied Whitepapers on other projects to create new projects, but in general everyone should also read the Whitepapers to find out where the project is going and what the concept is, even though it's not a real project.

There's a lot of project are using old coin/token whitepaper and make it fresh looking because of their creativity but after they've got your money for IPO/ICO etc they will create a drama and suddenly gone with the investors money.

tarable

full member

Activity: 1258

Merit: 104

Quote from: simpelplan on October 09, 2020, 04:30:32 PM

believe it or not but the fact is that there are still many good or fair projects plagiarizing their whitepapers and still doing very well in the market, for me whitepapers are not something you can use to assess new projects, you can judge for yourself that the Whitepapper is not a guarantee if the project is REAL .

Yes, there are many projects that have copied Whitepapers on other projects to create new projects, but in general everyone should also read the Whitepapers to find out where the project is going and what the concept is, even though it's not a real project.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

I remember when i was new here,i love reading White Papers as i believe about everything written ,Seems like a Great future is waiting for those who will invest in their projects.

Not until 2018 comes and everything ruins,Because there are So many good white papers but nothing happens even before the ICO ends.

Now even a secondary student can Write his own White papers and pretend to be a nice project and team,but only few now are still reading because it's easy to create but so hard to adopt and make it happen.

CashbackLover

member

Activity: 196

Merit: 15

Sovryn - Brings DeFi to Bitcoin

Since 2018 whitepapers makes no sense anymore, before ICO became successful in 2017 whitepaper is one of the best ways of finding how good a project could be but after 2017 scammers start cooking their own whitepapers, full of plagiarism and others copycating, today no one tries looking at projects whitepapers anymore because it doesn't count, there are probably fake

ichi

member

Activity: 182

Merit: 10

At this moment there's no truly can ensure the lawfulness of an ico, a whitepaper that was being the primary lead presently can control so natural, genuine what Mr. John1010 stated, at the present time address can be selected to be judgment matter, since I, myself have been a casualty an ico where after I checked the location, evidently address that united by the organization was a location from a packed shop in England, this is so deplorable.

AlexAtom

member

Activity: 560

Merit: 10

YOUC - www.youengine.io

Most of the project were delivering different with what they promised indeed, so the plan in whitepaper can't be relied 100%.
But at least we can know what they are planning with their project in their whitepaper.
So i think whitepaper is matter, not the most but it is still matter to be read.

simpelplan

jr. member

Activity: 407

Merit: 2

SmartFi - EARN, LEND & TRADE

believe it or not but the fact is that there are still many good or fair projects plagiarizing their whitepapers and still doing very well in the market, for me whitepapers are not something you can use to assess new projects, you can judge for yourself that the Whitepapper is not a guarantee if the project is REAL .

HK88

jr. member

Activity: 193

Merit: 3

Although the whitepapper is not the most important, but in my opinion the whitepaper is quite important, because you can find all the information about the project in the whitepaper. but scamers can easily copy the whitepaper to convince investors. My advice is not to rely on the ICO whitepapper.

deathcode

copper member

Activity: 1428

Merit: 253

Eloncoin.org - Mars, here we come!

Quote from: r32godzilla on September 25, 2020, 06:16:16 AM

Everyone can promise and write a nice whitepaper, but the reality is pretty different, when it comes to the creating a product, team recognizes that they are not enough skilled and so they give up, but with the money what they raised from investors. Solution? Before ICO is managed every startup should present their product and not the whitepaper

.

Even now, many projects that are already running have also updated their whitepapers and roadmaps. everything just didn't go as planned from the start. projects and platforms are of course adjusted to follow market trends. the simplest is the displacement chain network used. usually it wasn't all planned from the start. developers do so following market trends and need to remain in the market.

Topic: Is ICO WhitePaper Matter Most? (Read 2841 times)