if you really want to invest, try to at least see who the developer is and what their project is. it would be great if you understand clearly by reading their whitepapper.
Yes reading about a project thorough the whitepaper of a project is a wise decision but most of the people choose a project without touching their whitepaper as a result of which they choose scam project. One should not think that his all choices will be right because we are humans and we will do mistakes on every step but we can overcome these mistakes through proper knowledge and investigation.
Without knowing about creators and Without getting information regarding a project with the help of whitepaper if we select a project then it means that we are really in desire to gamble and are not trading so in such situations now its not our hardwork because our win and loss will totally concerned with the coin future.
Not only without reading the whitepaper, but most novice investors choose to invest in projects that are being widely discussed in the community. They certainly follow several communities on social media or even platforms that provide information regarding crypto asset updates, as well as newly released projects, and prepare their sales.
The simplest thing to look at is partners and collaboration with other platforms. If there is a logo or information related to project collaboration with a large platform, that will be a special attraction. but still, the supporting information must be double-checked to avoid project scams.
How to find out if the whitepaper written is not plagiarized as you guys are so much focused on it. The only thing that makes a new cryptocurrency project unique is it's whitepaper. Now, if anyone is not that into reading a whitepaper won't understand that the paper is plagiarized.
I doubt this is a good idea in an era where scams are so frequent. The easy way to get out of such scams is to go through and understand whether the upcoming crypto project is trending or not.
I think it's okay for a new coin to plagiarize part of whitepapper because there is a slight conformity of steps in the project.
But I'm sure observant investors will be able to see if the whitepapper of the new coin already exists and is a development or is completely plagiarized from the whitepapper of another coin. be smarter in making investments. stay DYOR