Is whitepaper important in the project? - page 7.

agustina2

legendary

Activity: 2436

Merit: 1008

Quote from: Herbert2020 on September 05, 2019, 02:27:55 AM

a project's whitepaper is only supposed to introduce the "idea" behind the project in a very short and moderately easy to understand manner. for example bitcoin's whitepaper is explaining what transaction structure is, a simple explanation of PoW, time stamping and the network.
you can not decide whether bitcoin is a good project or not just based on its paper. you have to actually check the project to see if that "idea" was implemented correctly or not. for example there are some altcoins that had good ideas but failed horribly in implementation step so their whole project is now considered a failure.

We cannot judge a project by its whitepaper alone. A whitepaper is indeed important to know the overall details of the project. As what most called it, it is indeed the "roadmap" of a project. Some whitepapers are excellently written, researched, explained, and presented but on the implementation stage, still failed. And there is also some project's whitepaper that is the opposite--or maybe just created on an average level but still able to present or explain everything about their project well--and yet proven to be legit or successful.

forexandcryptoauditor

copper member

Activity: 1190

Merit: 3

White paper is very important to know about the project in depth. It gives the overview of concept along with technical aspects. The information mentioned in whitepaper is nowhere mentioned.
However, one pager can also give the idea about project in simple and short manner.
We have to be careful with whitepaper information as so many scams are happening in crypto society. There are many plaglarism tools available on web to check if the content is copied from other project or not.

dzhan

sr. member

Activity: 743

Merit: 250

In my view, the whitepaper is one of the most interesting factors to distingue legal and promising projects. If the whitepaper is very professional and it explains everything about the project, its roadmap, and its product, then that's a good sign showing us that the team behind the project is very experienced.

airdropdude

jr. member

Activity: 66

Merit: 1

White paper is almost one of the most important part of a project.
This is where you can find the reasons for the project. I mean the main purpose of the project.
The project plan
The project instrument. What tge project will use the achieve thier goals. And much more about the project.
So, whitepaper is very important

cudora

copper member

Activity: 336

Merit: 3

Cryptoknowmics - World's First Decentralized Media

Whitepaper is a great instrument to achieve success and it tells you about the product. A good project should have an outstanding whitepaper, but without smart team members, financing and community, it is just a piece of paper.

islafilipina

copper member

Activity: 518

Merit: 0

White paper is like a guide on what will be the future of a project or ICO. It explains all the story of what they want to do, why you should go for their plans. without the whitepaper everything will be disorganized and no possible plans

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

Quote from: Perindu on September 04, 2019, 10:48:10 PM

Is it important to research the whitepaper in the project? then is there a right way to find out if their whitepapper is real, not fake? What do you think?

I guess your question is how to find out if a whitepaper is plagiarized? There is no easy way to know this. I usually convert PDF whitepaper into text then search the whitepaper texts page by page on Google or other search engines.
There are couple of tools you can download online to convert PDF file into texts.

Very useful for researching whitepapers.

muhhentuhhen

full member

Activity: 352

Merit: 100

Quote from: Perindu on September 04, 2019, 10:48:10 PM

Is it important to research the whitepaper in the project? then is there a right way to find out if their whitepapper is real, not fake? What do you think?

For sure, it is. White Paper is the most important document that investors can rely on when deciding in favor of a project. However, you should always remember, even a perfectly written White Paper is not a 100% guarantee of the reliability of a project and its success, but a poorly written White Paper will clearly indicate the launch of a product that is really doomed to failure.

ventelo

newbie

Activity: 35

Merit: 0

Quote from: BRODIN on September 04, 2019, 10:58:33 PM

The whitepaper is often regarded as the face of the project. That’s where you, at least theoretically, find out what the project is all about, what they want to do, how they want to do it, and, most importantly, when. A decent whitepaper takes serious effort: thorough market research, design work, calculations, conceptual development, and lots of other things are integral parts of a good paper. As a result, writing a good whitepaper usually requires a lot of time (and sometimes money), which scammers cannot afford.

but you need to remember,Good projects are quite thorough about their whitepapers in a good way. If you have too many questions after reading a whitepaper, it definitely means that it was a bad one, and the project did not make an effort to be clear enough. It doesn’t matter if it was intentional or just a result of little attention paid to making the whitepaper, it’s still a bad sign.

the point is this, if you see that a project’s whitepaper is sloppy, too generalized, or lacks any realistic roadmap, that should make you cautious. At very best, the project might not be a scam but they’re still not taking their work seriously enough. Nevertheless, usually, scammers either hire foreign students who don’t speak good enough English to write their whitepapers, which results in a cornucopia of hilariously silly errors or they just plagiarize someone else’s work, which is even cheaper (but certainly more obvious).
correction if I'm wrong

Yes, may the team not professional to write whitepaper, but there are a lot of way to make whitepaper look profitional, they can use outsource, freelancer help to write whitepaper in professional way.

Gab20

jr. member

Activity: 714

Merit: 3

Reading a project's whitepaper extensively and with understanding is very important. If you cannot do that by yourself, you can ask for the assistance of experts to help detect if it is real or not and that if what the team ius presenting is unrealistic.
A lot of time, some projects have presented plagiarised whitepapers, which means they have nothing to offer.

passwordnow

hero member

Activity: 3108

Merit: 577

Leading Crypto Sports Betting & Casino Platform

There were known projects before even up to now that just copied their whitepapers and that made them lose their reputation. It's like the brain of the project on most of the details on what they are aiming too is on their whitepaper.
Catching if they just copied it is a hard task, you need to dedicate more of your time just figuring that it's a copied one. And you should be reading most of the projects whitepaper to determine one copied WP.

irixo10

full member

Activity: 1078

Merit: 104

GoMeat - Digitalizing Meat Stores - ICO

Quote from: Perindu on September 04, 2019, 10:48:10 PM

Is it important to research the whitepaper in the project? then is there a right way to find out if their whitepapper is real, not fake? What do you think?

First it is very important to research the whitepaper in any project so that you will be educated on what the project is all about. In fact, it is the first thing we should ask of the project team thus knowing their level of knowledge and experience. Secondly, I don't think there is anyway to know if a whitepaper is fake unless you have gone through it and find it having somethings in common with another project; in this case you can query the team or make more research to know how legit they are.

tanjiran

full member

Activity: 770

Merit: 113

Of course white paper is very important for a project. All things that explain the vision and mission, solutions, business models, products, roadmaps, are all explained in detail in the white paper. The aim is to provide the right media to give investors comfort in getting to know the project. Unfortunately, many scammers are starting to use this to deceive investors. The methods that you can use to find out if the white paper is fake or plagiarism are:
1. Please check using the plagiarism checker that is widely available on the internet, there are many that provide it for free.
2. visit Scam Accusations to ensure that the project you will support is not reported there

mihtju

full member

Activity: 532

Merit: 100

Yes, white paper tells you what the project is and what idea it wants to implement. This document should be studied when choosing a project, but do not blindly believe everything that is written there. The most important thing is actions. Look at what the team has already done to make their project successful and this will show you their true intention.

FelippeHeinz

jr. member

Activity: 504

Merit: 1

You should do your own research, and check all project details, so you can know if one project is copying the whitepaper from another. When in doubt you can search on forums such as bitcointalk for example.

Rinso

jr. member

Activity: 254

Merit: 1

i think it is important. Because with the withepaper will make people know alot more detail what is the project about, what the different this project with the another, what plan they have, and who's the team. and i think the right way to know how the whitepaper is real or fake is just read they whitepaper with some familiar project like they do.

rdewilde

full member

Activity: 925

Merit: 100

If we don't research the whitepaper, how will we know what the project is all about, or if it's fake? The whitepaper is as important as ever can be imagined as it forms the foundation on which a project is built although it can still be updated as time goes on. Also, it is through the whitepaper that we have a glimpse or mindset of investing or not; anyone who invests in a project without reading the whitepaper is doing so based on hype which in most cases ends up disappointing them.

Avirunes

legendary

Activity: 3094

Merit: 1472

Quote from: Perindu on September 04, 2019, 10:48:10 PM

Is it important to research the whitepaper in the project?

White paper gives all the various details about project and their phases. It gives investors a review about their idea and how they are gonna achieve the target with timeplan. It should be ready properly before making any investment.

Quote from: Perindu on September 04, 2019, 10:48:10 PM

then is there a right way to find out if their whitepapper is real, not fake? What do you think?

I don't think thats a valid question. Just download it from the original project site. Haven't heard of whitepaper being real or fake.

PuertoLibre

legendary

Activity: 1890

Merit: 1003

Like every business plan, the whitepaper of the project should be carefully analyzed before releasing the final version. The no real problem solving projects can pass this stage if they only have the intention to raise as much as they can do with the token sale. The burned coin calculations even should be marked in the whitepaper in order to avoid any possible confusion by the main investors.

Without the existence of the whitepaper, I doubt team will be able to convince the investors for investing in the project. The effective methods of convincing investors are to show them the vision of the project, the roadmap which team believes in and the last one is to keep the promises. Broken promises mean the broken loyalty by the investors and this number tends to go up if the team keep to broke the roadmap deadlines.

spydee1522

member

Activity: 378

Merit: 10

Whitepaper is so important to a project in diverse ways whiles at the same time the success of a project is quite dependent on its whitepaper. It helps describes the project in whole and summarizes where necessary helping traders and investors to make decisions. Whitepaper is very important to a project.

Topic: Is whitepaper important in the project? - page 7. (Read 4433 times)