I say so because I hear and see that ICOs with white team members and white advisors seem to have better trust than say a full black or brown team.
I have not seen a single successful ICO with a full black or brown team though there are many with white teams. Forgive me if I'm wrong, in fact I want to be proven wrong.
Sadly what you said is kind of true . But the problem is not that people are generally racist ,but they would prefer a white team because they seem more trust worthy . The reason being is that the bad reputation that most of the soth asians or africans got is due to the big numbers of scammers . I mean lets be truthful here ,the majority of the scammers we come across are either from poor asian countries or africans.I'm not saying that white people can't scam you but we just see and hear about that stereotype of scammers more often. Me personally i would read and eveluate the project on its goal,how they are going to acheive it,If the team is knowledgable and knows what they are doing .Everything but race.
Reputation - yes that makes sense mate. Completely agree but unfortunately that would mean you must have white team members to be trustworthy. Which means however honest and talented you are, with a colored team you have got an unfair struggle.
Blockchain is all about being Trustless, ICOs are all about being Trustworthy. An irony of sort.
