Topic: Whitepaper alone is not enough to make you invest in an ICO (Read 1654 times)
Reading the white paper is an important step in investing in the project, and I will also observe the team and partners, I think this is also very important, if the project has a strong partner can directly increase the success rate of the project!
I have seen so many people focusing mainly on project whitepapers, and relying solely on the information contained in the whitepaper to participate in the ICO. It is very true that the most important document of an ICO project is the whitepaper, but what you should be far more focused on is the credibility of the project team. No matter how beautiful and well written a whitepaper may be, without an experienced and vibrant team, such project is bound to fail.
The most important research you should always carry out before investing in an ICO is the profile of the team starting from the head of the team to the least person. If the project has advisors, also research their full profile and experience as well.
With all these, you will be safer than the person who only read whitepapers before investing in ICOs.
What are your thoughts?
These days it is incredibly rare to find an ICO with a product but this is what we need. An idea is not enough anymore. FOr an ICO with a functioning product click below The most important research you should always carry out before investing in an ICO is the profile of the team starting from the head of the team to the least person. If the project has advisors, also research their full profile and experience as well.
With all these, you will be safer than the person who only read whitepapers before investing in ICOs.
What are your thoughts?
with the whitepaper will at least help to clarify about the ICO that runs are viable and do not. but many are ignoring it because of reading too many reasons. but perhaps even about a scam can be known through this and certainly quite risky if ignoring this kind of whitepaper. It's not just about the ICO information can be obtained, but more than other knowledge that can be drawn from the whitepaper.
You have to check 9 pages in Organicco WP: https://organicco.uk/content/site/Organicco_whitepaper_R8sm.pdf
WP is not important if project has company and partners around the world
WP is not important if project has company and partners around the world
A whitepaper is just one way to learn and know what the project is all about, the platform, roadmap, and team of developers but that's not the real basis for a successful project. A lot of full information whitepaper project but at the end not successful for several reasons such as the intention is to scam people, hype whitepaper, the core developers abandoned the project, no investors, inactivities on social media, and many more reasons.
Better to add more research about each member of the team, look at their background and reputation if they really are experts and trusted individuals with good track of records, consider the projected usage if a long term or short term usability, what is the problem the project will solve in the future? How about the activeness of the team updating every day on social media, look at the transparency of the team and its development must be shown on their weekly reports, who are their partner companies?
Those are just a few ways to determine how trusted the project is and basis if it will be a successful project in the future.
Better to add more research about each member of the team, look at their background and reputation if they really are experts and trusted individuals with good track of records, consider the projected usage if a long term or short term usability, what is the problem the project will solve in the future? How about the activeness of the team updating every day on social media, look at the transparency of the team and its development must be shown on their weekly reports, who are their partner companies?
Those are just a few ways to determine how trusted the project is and basis if it will be a successful project in the future.
That is indeed true, we can't just blindly believe on the whitepaper itself when we wish to invest in an ICO.
We need to check on another aspect, since there are many scam project lurking around the cryptocurrency world.
We need to check on another aspect, since there are many scam project lurking around the cryptocurrency world.
I have seen so many people focusing mainly on project whitepapers, and relying solely on the information contained in the whitepaper to participate in the ICO. It is very true that the most important document of an ICO project is the whitepaper, but what you should be far more focused on is the credibility of the project team. No matter how beautiful and well written a whitepaper may be, without an experienced and vibrant team, such project is bound to fail.
The most important research you should always carry out before investing in an ICO is the profile of the team starting from the head of the team to the least person. If the project has advisors, also research their full profile and experience as well.
With all these, you will be safer than the person who only read whitepapers before investing in ICOs.
What are your thoughts?
Yes i agree to find good ICO to invest we need to considered all factors before we decide to invest not only reading the whitepapers. Deep understanding about the project will help us to find good ICO's and make sure we do our own research complete before investing in ICO's. The most important research you should always carry out before investing in an ICO is the profile of the team starting from the head of the team to the least person. If the project has advisors, also research their full profile and experience as well.
With all these, you will be safer than the person who only read whitepapers before investing in ICOs.
What are your thoughts?
The Development Team is the core of all that, because with the Development Team, the ICO's vision and mission will continue to be renewed in the future.
For money, it can also be an obstacle, but with an experienced development team, like Vitalik Buterin being an Advisor, investors will come to the ICO.
For money, it can also be an obstacle, but with an experienced development team, like Vitalik Buterin being an Advisor, investors will come to the ICO.
there are legit projects without whitepaper and also legit projects with whitepapers. it all depends on how the project can make the investors interested to join. but it would be better if a project had a whitepaper because it would make it easier for investors to understand the project to be followed. but I think everyone has a different assessment in choosing a project.
yes of course. whitepaper is only one of the factors for investing an ico. there are even more important factors than whitepapers. for example team, advisors and partnerships are much more important because hype of the project usually depends on them.
The whitepaper gives you an overall idea and it tells you how well the project has been thought off. But, no, you can't solely depend on it. An ICO's best factor is its team and how well they support their project. A good team behind a project is always proactive and tries to market the real benefits and long term benefits. They connect with the investors. That's the most important part. Plus you can always look for past reviews and projects done under such teams to determine if they are fake or fraudsters.
I believe the main advantage of ICO for investors is that even non-professional investors with a small budget can find a good object for investment. And while making profits much faster than with an IPO.
For me, the content of a white paper does not mean anything. The paper can tolerate all. The real intentions of the team can be very different from the content of white paper. It is important to understand the essence of the project itself, how much it is implemented. Plus, you need to know the team, as well as possible. Otherwise, I will not invest in the project.
Extremely true. A whitepaper alone is not enough to determine whether or not a project is a good one, and would most likely survive. There are more to a successful project than a really good and convincing whitepaper. The way the market audience accepts the project is another factor that greatly influences its success rates, and then, there are other factors too, and all of these I would consider, before choosing to invest in the ICO.
It is totally not a safe idea to just read whitepaper and believe everything you read on it. I have studied several whitepaper of different projects that were never executed at the end.
The white paper can only be used as a reference for this project. Whether this project is valuable or not has many issues worthy of attention. The white paper is only part of attracting investors. No one can see the future of the project. Therefore, investment is risky and has luck.
Yes, because whitepaper are just words written in there regarding their mission and vision that needs to be DONE by the people or the team behind the ICO. Therefore, it's best when you check first the team that comprises behind the ICO and investigate whether these group of men and women are legit by checking their personal background, their experiences in the field of crypto and business.
The data which we see in the whitepaper doesn't provide for enough inspiration with contribute for a ICO motivation behind continuously creatures that the vast majority whitepaper hold numerous data over the one task Also not news around how moguls camwood make more money through those help from claiming that project. Some times the majority of the data gotten from bloggers are additional preferable over that of the whitepaper.
Sure. When i see the ICOs, i'll see their websites first. I see all informations about what the business they are, who are in the team,... After that, i'll see the white-paper.
A whitepaper alone should never be the reason to invest in an ico. Even i've learned that already. You should still find out more about the ico. A whitepaper is a good source of information, but should not be the only reason.
Jump to: