Is ICO WhitePaper Matter Most?

[gikere]

Gone are the days when project Whitepapers meant much or decided if investors invested in a project. These days, a lot of projects have nothing to offer other than properly packaged Whitepapers with absolutely nothing to back up their projects. No products or clear definitions of their goals and objectives. Worst still is, most of these Whitepapers are rewritten from old projects with some tweaking just to entice unsuspecting investors to invest in their projects.

After all the white paper plagiarism so of course, investors don't pay attention toward project's white paper anymore. All thanks to the dark age of ICO scam. Tho, I still think it's a must for a good project to caught investor's interest.

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[Dessy88]

The White Paper is important because we know the extent of the project, and we have the details of that project. More often than not, the scam project copies the white paper and looks at other projects to create a false assurance. But we should do more research as well because we need to be extra smart to invest in a project.

[john1010]

Gone are the days when project Whitepapers meant much or decided if investors invested in a project. These days, a lot of projects have nothing to offer other than properly packaged Whitepapers with absolutely nothing to back up their projects. No products or clear definitions of their goals and objectives. Worst still is, most of these Whitepapers are rewritten from old projects with some tweaking just to entice unsuspecting investors to invest in their projects.

After all the white paper plagiarism so of course, investors don't pay attention toward project's white paper anymore. All thanks to the dark age of ICO scam. Tho, I still think it's a must for a good project to caught investor's interest.

we learn a lot of things this past few years duting the time the ICO scammers grab all the money they want to innocent investors and also newbie in the crypto business, but today, I've notice that ICO is now in the brink of fading away in the crypto world because most of the people today are truely awake.

[bassbity]

The White Paper is important because we know the extent of the project, and we have the details of that project. More often than not, the scam project copies the white paper and looks at other projects to create a false assurance. But we should do more research as well because we need to be extra smart to invest in a project.

Now many projects have sprung up with Whitepaper copying whether this will be more and it turns out that they don't have ideas so copy from other projects.
Be careful to check the whitepaper because it's very important.

[elyas772]

Not in 2020. Lot of people give lot of hope in their whitepapers but they don't reach those milestones after project got launched.

[nutriagrigia]

Not in 2020. Lot of people give lot of hope in their whitepapers but they don't reach those milestones after project got launched.

it cannot be said that we should completely ignore what is written in Whitepapaer. we should watch how the project will develop and compare it with what is written in white paper.

[davinchi]

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.

You honestly made my day; I was just laughing out when I am coming across the image you have shared. If I would have come across this kind of topic some two or three years back, that would have changed many things in my investment plans with respect to what I have done with most of the ICOs. At some point of time, people have emphasized about the importance of ICO whitepapers and used it as a tool to identify a right projects.

Over the time I remember someone has shared like this: many ICOs has managed to derive wonderful concepts and provided them in whitepapers but for no reason they fail to develop and deliver those things. Because, this is free world and no one need to keep their word after they achieved big money through crowdfunding. This was what exactly happened with most of the ICOs even they had perfect whitepaper.

[princerepon]

Not in 2020. Lot of people give lot of hope in their whitepapers but they don't reach those milestones after project got launched.

A project can not success in one or two months. I saw many projects which start with hype and end of the line they become useless. I don't believe just a good whitepaper can carry a good project. Those projects are good which are follow their roadmap properly and make their promises in time. A good project never give you unreal promises which looks greedy. If you think some projects are good to investment then stick with it and take look properly about their development. If you find out any lick then move yourself from it.

[Arkann]

Not in 2020. Lot of people give lot of hope in their whitepapers but they don't reach those milestones after project got launched.

A project can not success in one or two months. I saw many projects which start with hype and end of the line they become useless. I don't believe just a good whitepaper can carry a good project. Those projects are good which are follow their roadmap properly and make their promises in time. A good project never give you unreal promises which looks greedy. If you think some projects are good to investment then stick with it and take look properly about their development. If you find out any lick then move yourself from it.

One way or another, at least four years may pass before the project is fully implemented, and in most cases much more. It is possible that, based on the market conditions, many projects will be re-profiled in a different direction of their activities, that is, the provision of completely different services to their users. As an example, we can cite the KubitX cryptocurrency exchange, which decided to take a different path of developing its project, namely by providing services to its customers for payment, thanks to its wallet and tokens, of various goods and services. Although before that the project had the goal of creating a cryptocurrency exchange.

[judaspriest]

Not in 2020. Lot of people give lot of hope in their whitepapers but they don't reach those milestones after project got launched.

it cannot be said that we should completely ignore what is written in Whitepapaer. we should watch how the project will develop and compare it with what is written in white paper.

in my opinion white paper is not important,
what is important is that the Roadmap and their team are really real, the white paper is just a support

[jajorforce]

Not in 2020. Lot of people give lot of hope in their whitepapers but they don't reach those milestones after project got launched.

it cannot be said that we should completely ignore what is written in Whitepapaer. we should watch how the project will develop and compare it with what is written in white paper.

in my opinion white paper is not important,
what is important is that the Roadmap and their team are really real, the white paper is just a support

Of course white paper is a valuable work for new projects. When you find new projects, by what things do you get the project details? (The answer is white paper). We can only get some information for visiting their websites. We know that we all are giving advice before research, so here only can help white paper until listed top exchange.

[john1010]

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.

You honestly made my day; I was just laughing out when I am coming across the image you have shared. If I would have come across this kind of topic some two or three years back, that would have changed many things in my investment plans with respect to what I have done with most of the ICOs. At some point of time, people have emphasized about the importance of ICO whitepapers and used it as a tool to identify a right projects.

Over the time I remember someone has shared like this: many ICOs has managed to derive wonderful concepts and provided them in whitepapers but for no reason they fail to develop and deliver those things. Because, this is free world and no one need to keep their word after they achieved big money through crowdfunding. This was what exactly happened with most of the ICOs even they had perfect whitepaper.

Thanks for appreciating my post, you have the point here, Yeah i admitted that WP is the user manual in every product they want to offer in public, same with ICO, but nowadays because of many flaws in ICO project, people are now are so aware and conscious about, we can never  blame them, me or us to develop a wrong perspective in some ICO project that has a good written WP.

[Republikcoin.com]

Not in 2020. Lot of people give lot of hope in their whitepapers but they don't reach those milestones after project got launched.

it cannot be said that we should completely ignore what is written in Whitepapaer. we should watch how the project will develop and compare it with what is written in white paper.

the whitepaper should be very important for each project because all project developments can be seen there. however, there are many projects that deviate from each concept they make in their whitepapers, even they sometimes change it halfway through. when a project does not follow the development of the project, the project discards its own principles.

[Dpat]

Yes, this is very crucial point that every company that is bring with project must out their Whitepaper initially before the public sale begin. It is the document like a legal document that is brought with an IPO to be listed in the Stock Exchanges for a company. Again, this white paper is very important for the investors where they get all the glimpses about the company for the well decision of their investment into that project.

[Teraboy]

Not in 2020. Lot of people give lot of hope in their whitepapers but they don't reach those milestones after project got launched.

it cannot be said that we should completely ignore what is written in Whitepapaer. we should watch how the project will develop and compare it with what is written in white paper.

in my opinion white paper is not important,
what is important is that the Roadmap and their team are really real, the white paper is just a support

Roadmap can be changed by the team anytime and that means if that was not also the correct point to determine how good the ico. it's better to see that from the track record of the team or the beta that has already launched.

[alisonwonder]

Not in 2020. Lot of people give lot of hope in their whitepapers but they don't reach those milestones after project got launched.

it cannot be said that we should completely ignore what is written in Whitepapaer. we should watch how the project will develop and compare it with what is written in white paper.

in my opinion white paper is not important,
what is important is that the Roadmap and their team are really real, the white paper is just a support

Roadmap can be changed by the team anytime and that means if that was not also the correct point to determine how good the ico. it's better to see that from the track record of the team or the beta that has already launched.

well, I totally agree with what you say because it's better not to trust too much with the published roadmap, it's better you read more in the whitepaper provided and see how the concepts and projects they develop, because the roadmap can be faster when there are many demand from investors.

[Kasabus]

Yes, this is very crucial point that every company that is bring with project must out their Whitepaper initially before the public sale begin. It is the document like a legal document that is brought with an IPO to be listed in the Stock Exchanges for a company. Again, this white paper is very important for the investors where they get all the glimpses about the company for the well decision of their investment into that project.

Yes. It's really an important factor for a legit ICO but it would not be enough as the basis for legitimacy. Investors should also see to it that what is written in the whitepaper is true and correct like the whereabouts of the company and their hotline number. Everything should be verify by them personally so that the money invested in the project would not be a waste at the end of the day.

[Erumo]

For me, a whitepaper is a like a business plan in business and a documentation/manual on a production. Without it it seems that the project has no clear idea what he is doing and what will its end result. I would recommend to skip everything that has no whitepaper.

[ned.ryerson]

For me, a whitepaper is a like a business plan in business and a documentation/manual on a production. Without it it seems that the project has no clear idea what he is doing and what will its end result. I would recommend to skip everything that has no whitepaper.

It is one of the most important part in every project, the projects needs a clear floor plan to be able to execute it perfectly but it still goes down with the team. Having a respectable, hardworking and dedicated development team will bring every project to success.

The white paper is just a document that is a guideline for investors so that everyone understands the technical organization of the project. But it is not the main reason of the success of the project

[sayulita]

For me, a whitepaper is a like a business plan in business and a documentation/manual on a production. Without it it seems that the project has no clear idea what he is doing and what will its end result. I would recommend to skip everything that has no whitepaper.

All of the projects, especially ICO have an initial whitepaper, I have never seen any project that doesn't have whitepaper, back in 2014 or so there used to be some POW coins that used to make a whitepaper after the launch but no one is surviving till now. OP actually stated something good that you should always check that project should be having some working product that they promised in the whitepaper or working towards it and is under progress, this makes sure that the team is working and not just giving everyone false promises which they can't fulfill.