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Author Topic: Is ICO WhitePaper Matter Most?  (Read 1224 times)
john1010
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May 11, 2018, 10:32:23 AM
Merited by nutildah (1), paxmao (1), OriginTrain (1)
 #1

Who among us here have been victims of almost perfect Whitepaper?
Those sublimely well-written, full of excellent ideas and proposals that turned out to be a piece of crap!
Reading whitepaper is not enough to be a basis of investing in crypto because almost everyone can write whatever they want,
they even promise you the Moon and Stars.

So, be careful now in choosing ICOs, as much as possible look for projects that at least have initially implemented the products or services, if not the whole.



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HITMEX
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mdayonliner
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May 11, 2018, 10:48:39 AM
 #2


I really like this image. Masterpiece!!!  Cheesy

By the way when I chose an ICO I consider few variables...
1. The team
2. Any MVP
3. Clear Raodmap
4. Does the project has any real usability  
5. Interstate from the community

I never read any whitepaper although I have already invested in 13 ICOs (LOL) and most few of them are really successful so far
(made me a lot of ROI).  

I could not stand the lies against me anymore. I can not prove them wrong too. It's better I live in peace.
So, I am willingly locking mdayonliner. Thank you BitcoinTalk. Be addictive, be a Bitcoiner.
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May 11, 2018, 11:08:58 PM
 #3

I don't think the most important thing is the whitepaper for sure is important but from my opinion the most important is the address of the company who is running the ICO. Why? Cause you can check it with google maps to see if is real, some scam project were found on this way, with a fake location.

john1010
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May 12, 2018, 01:57:36 AM
 #4

I don't think the most important thing is the whitepaper for sure is important but from my opinion the most important is the address of the company who is running the ICO. Why? Cause you can check it with google maps to see if is real, some scam project were found on this way, with a fake location.

You're right one of the factor is the company address, if this company is real existed on the address they promoted, and the best part is to call the hotline number, by doing that, you will figure out, if they are fly by night or a legit company.

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HITMEX
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May 12, 2018, 01:59:16 AM
 #5

Who among us here have been victims of almost perfect Whitepaper?
Those sublimely well-written, full of excellent ideas and proposals that turned out to be a piece of crap!
Reading whitepaper is not enough to be a basis of investing in crypto because almost everyone can write whatever they want,
they even promise you the Moon and Stars.

So, be careful now in choosing ICOs, as much as possible look for projects that at least have initially implemented the products or services, if not the whole.


https://s31.postimg.cc/kf9puh9sr/ICO_s.jpg
not the main thing but can be considered in participating in an ico.
In our experiences, a good whitepaper is not a guarantee of the continuity of a coin. some coin even goes beyond the planning that has been made.
in the end, they cheated and robbed their investors.
puzzling_rvat
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May 12, 2018, 08:36:20 AM
 #6

Investing should be deliberate, and anyone who does not want to lose their money must read all the possible documents, understand the received information and verify in all possible ways its truthfulness. Whitepaper is certainly a useful and important document, but as many here write this is not the main criterion for choosing ICO. But badly written white paper, when it is a question of big money, is a serious criterion not to consider the project.

PS: funny picture  Smiley
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May 12, 2018, 02:06:41 PM
 #7

I've seen so many ads / publicity for "I can re write your whitepaper" that it makes me wary what's tru; what's been completely glossed up
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May 14, 2018, 04:02:34 AM
 #8

Right now there's no really can guarantee legality of an ico, whitepaper that was being a first lead now can manipulation so easy, true what Mr. John1010 said, right now address can appinted to be judgement matter, because i, myself have been a victim an ico where after i checked the address, apparently adreaa that grafted by the company was an address from a bag shop in england, this is so heart breaking.

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May 14, 2018, 07:21:41 AM
 #9

Yep, MVP is one of the important things
Because it gives some chances, that product can be normal
If devs, first of all, take your money - it can be one of the attribute of scam
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May 14, 2018, 07:54:31 AM
 #10

Merited for that picture. Hilarious and succinctly and accurately sums up the entire Altcoin Announcement sub of the forum.
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May 14, 2018, 07:41:17 PM
 #11

Merited for that picture. Hilarious and succinctly and accurately sums up the entire Altcoin Announcement sub of the forum.
Some of these developers are even involved in white paper plagiarism so that they will be able to convince investors that they can invest in their business and have maximum profits.

 
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phavecavo
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May 15, 2018, 08:16:06 AM
 #12

Who among us here have been victims of almost perfect Whitepaper?
Those sublimely well-written, full of excellent ideas and proposals that turned out to be a piece of crap!
Reading whitepaper is not enough to be a basis of investing in crypto because almost everyone can write whatever they want,
they even promise you the Moon and Stars.

Yes, you must really see first time - wp, and just after that, thinking about choosing that projects
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May 16, 2018, 02:59:47 AM
 #13

Its good to share my thought on this matter. I have personally developed a whitepaper for a project that seem quite promising but did not even germinate above the soil to get to the moon. I guess they are yet to germinate. It wasn't because of the whitepaper but rather, the team members running the project were inexperienced. Yes you are right, using the whitepaper as the only basis to invest into ICOs will miss lead you but the whitepaper can also give you an insight to the project. I personally prefer reading the profiles of the team and how realistic the project is.
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May 16, 2018, 05:44:11 AM
 #14

I don't know how OK it is to post here, but I wrote a "guide" about analysing ICOs, it's a pretty long text so if it's not really good to post here!
but if anyone has their own tips maybe you can add them in the thread  Grin

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May 17, 2018, 10:02:25 PM
 #15

Whitepapers are not the only consideration when investing in an ico, although important, other factors just just reassures ones confidence, like team, product, etc,.
mu_enrico
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May 19, 2018, 07:32:00 PM
 #16

For me, I'm always looking for their Youtube channel at first to see if there is any speech/Q&A/roadshow report from founder and the team. This is signalling two important factors:
1. They are real people.
2. They are optimistic and have confidence in their project.
Then I'll dig into whitepaper.
FYI, a lot of scam ICOs copied parts from various legit whitepaper. And scammers can even create a good quality one. Be careful, here is the example:
https://icorating.com/upload/whitepaper/4VPsfxSUp2a9xN5dD8hPNxcPwP8rfyPZwWQUvKSF.pdf

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Dart315
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May 22, 2018, 12:21:40 AM
 #17

Who among us here have been victims of almost perfect Whitepaper?
Those sublimely well-written, full of excellent ideas and proposals that turned out to be a piece of crap!
Reading whitepaper is not enough to be a basis of investing in crypto because almost everyone can write whatever they want,
they even promise you the Moon and Stars.

So, be careful now in choosing ICOs, as much as possible look for projects that at least have initially implemented the products or services, if not the whole.




Actually, I think you need to study three things before contributing to an ICO.

1. Team
2. A prototype
3. A whitepaper

Do you have cases when a project had a good white paper and then they would do a bad execution or/and exit scam?
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May 23, 2018, 06:04:49 PM
 #18

It matters only if the project is following it construct.
To me what really matters is the project behind or any business associated with the project.
A project without a business will likely not survive if advert is not properly run.
Invest in good project!
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May 24, 2018, 08:01:53 AM
 #19

It matters only if the project is following it construct.
To me what really matters is the project behind or any business associated with the project.
A project without a business will likely not survive if advert is not properly run.
Invest in good project!

Before investing. Make sure the project has MVP or proof of concept. A known advisers or team so it would easily distinguised if an ICO is a scam.
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May 29, 2018, 05:09:44 PM
 #20

I don't think the most important thing is the whitepaper for sure is important but from my opinion the most important is the address of the company who is running the ICO. Why? Cause you can check it with google maps to see if is real, some scam project were found on this way, with a fake location.
I truly agree with you. The location is of major importance and for me understanding the whitepaper and see the possibility of a true ICO behind it 

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