An intending cryptocurrency investors recently approached me for my input in an ICO he intend invest on. And one of my advised to him his to read through the whitepaper of the ICO to determined how credibly and successful the ICO will be.
He then, ask me how sure I am that a well written whitepaper will determined how credibly, trusted and successful an ICO will be.
I couldn't give a clear answer to the question, because I personal know that so many scam ICO have a good and well detail whitepaper.
What's your take on the ICO whitepaper, can the information therein be enough to determine how successful an ICO will be.
White paper explains all about the project. This will be the basis for all investors whether they support it or not. It really affects on how ICO will conclude and be accepted by market. All information including their team members, roadmap and others are stated. Just make time to read all of it before investing. Make research of team members if they are real and credible enough to implement their platform. Also make sure that the content is unique( not plagiarized) and attainable with their given time.
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