Is ICO WhitePaper Matter Most?

[escalante28]

Whitepaper is one of the important factors of a project. Whitepaper provides the depth study of a project. It also educates investors, shares the technical knowledge of the project. And also whitepaper publicizes a company's product or service.

Having whitepaper will generate leads, spread expertise, build thought leadership, it also helps you build a mailing list, and also allow you to accommodate original research. But know that whitepaper is just one important factor to a project, there's still mission and vision, roadmap, and others.

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[mamesso]

A whitepaper is a basic document for a project, The whitepaper must have a background, objectives, strategy, focus, and timing for implementation for each project.  Projects that don't offer a whitepaper should be avoided, but there are fake projects that offer convincing whitepapers, So that very many investors are deceived by false promises written in the whitepaper.  The whitepaper is one of the many important parts of the project, Reliable investors will always research all important parts of a project before they decide to invest.

[Falconer]

Yup, exactly sir! You can pay an article writer in the service section of this forum. The Ethereum chain is the most abused system in the crypto market, you are right in a low cost budget you can develop your own token, then grab some pictures on internet and put some attractive bio then you've done, you can collect a hundred thousand even millions of dollar in an ICO project.

You can also create individual Defi projects in no time, read And this is how you make 'easy' money riding the Defi
Unfortunately, all opportunities are only taken advantage of by scammers on a multi-million dollar target mission with low capital and capitalizing on the hype. We have a Scam Accusations board but not all scam projects go undetected from the start, so be careful and watch your investment.

[judeafante]

A whitepaper is a basic document for a project, The whitepaper must have a background, objectives, strategy, focus, and timing for implementation for each project.  Projects that don't offer a whitepaper should be avoided, but there are fake projects that offer convincing whitepapers, So that very many investors are deceived by false promises written in the whitepaper.  The whitepaper is one of the many important parts of the project, Reliable investors will always research all important parts of a project before they decide to invest.

The whitepaper is very important but some whitepaper is not very reliable I have seen a lot of projects that have a lot of good whitepapers but ended up scamming their investors, projects now are like a box of chocolate you never know what you are going to get, you should go deeper not only whitepapers look on the team and how they address their investors. 

[vSliceDev]

Yes, just like you i dont treat whitepaper as a reference whether the ICO is real or not for me one of my best reference finding a real bounty campaign of an existing ICO is the team road show. Road show is how the team promote their product in a public conference. Schedule of places where they have a speech. So having these acticity can proof that the project is real existing and not created by mind without act

[StyleForceOne]

Obviously, white paper is not the ultimate honest description of one project.
However, it can give you good sense of what one project is about, especially if we're talking about developed, working project.
Its not as representative for really young projects, because you can't test their statements on practice and can't track them with reviews of other users' experience.
Basically, same applies to road map of a project - you can track actual results of working project, can't do it with new ones.

[Roidz]

Obviously, white paper is not the ultimate honest description of one project.
However, it can give you good sense of what one project is about, especially if we're talking about developed, working project.
Its not as representative for really young projects, because you can't test their statements on practice and can't track them with reviews of other users' experience.
Basically, same applies to road map of a project - you can track actual results of working project, can't do it with new ones.

Nowadays it is very difficult for us to be able to distinguish between which is the original ICO project and which is a fake ICO project because between the two currently have similarities that even almost reach 99.99% both regarding roadmaps, white papers, websites and even team members most of them have fake identities / fake photos, and that is why currently ICO projects are starting to be abandoned and of course we also have to be careful if we want to invest in an ICO project if we don't want to lose money

[ameliana]

yes, you are right the whitepapper alone is not enough to convince if the project is legitimate, or I mean the ICO whitepapper is not a real guarantee. I've heard of a site that offers such a service for only $ 50 with a million dollar return from a fraudulent ICO project. I hope someone will be more careful before joining or investing in any ICO project.

[forexandcryptoauditor]

This is absolutely correct. the project has many deviations to those written in the whitepaper. Not technically but the most seen deviation is the roadmap. For whatsoever reason, most of the projects can't keep up with the original roadmap. I think to cover all aspects, they should always update the project whitepaper to comply with the actual updates.

[PhilEilhart]

Given its pivotal significance, it is of most extreme need for any startup or wander to guarantee the creation of a proficient white paper. But typically difficult to do! In a still generally unregulated ICO advertise that needs lawfully official arrangement and data necessities, up to presently, the creation of a white paper has generally been a matter of chance and mystery.

[target]

ICO white paper is of course very important for a project, because ICO white paper is a form of a copy of the project itself, be it about the concept, project products, partners and project work maps etc. Usually the first thing that investors look at is a white paper project, but I am personally not entirely sure about an ICO white paper.

If you check out the first page of the thread you'll find out how mess up ICO whitepaper and learning how much project had successfully launched the real satisfying product in the end of their roadmap are actually just few.  Only few of them too made it with a marketing still.

Somehow you ccan see the project like WAVES which the marketing was so massive during its ICO but still not satisfying after years of its launched.  Its successful though.

Today we can already judge a project base on whitepaper. Plagiarism is common which means if its WP is plagairized, you can expect what is expected.

[Pithaxz]

yes, Whitepapers are very important for investors because they provide them with the information they need about the project. This is also part of the things that are needed before making an investment decision. The whitepapper illustrates how serious the development team is to the project. Unfortunately, most investors don't even bother reading the whitepaper before making an investment decision. I'm also looking for details like team pictures and profiles to check them for possible scams

[sapnu]

Obviously, white paper is not the ultimate honest description of one project.
However, it can give you good sense of what one project is about, especially if we're talking about developed, working project.
Its not as representative for really young projects, because you can't test their statements on practice and can't track them with reviews of other users' experience.
Basically, same applies to road map of a project - you can track actual results of working project, can't do it with new ones.

Nowadays it is very difficult for us to be able to distinguish between which is the original ICO project and which is a fake ICO project because between the two currently have similarities that even almost reach 99.99% both regarding roadmaps, white papers, websites and even team members most of them have fake identities / fake photos, and that is why currently ICO projects are starting to be abandoned and of course we also have to be careful if we want to invest in an ICO project if we don't want to lose money

There are actually some ICO projects that have a good whitepaper and website also. But that is not the real thing that you should consider when joining a project because as of now, even how good their website and whitepaper is, there is still some projects that are failing because there are reasons that they cannot reach the target on the sale to be exact. You should be focusing on their capabilities by checking how good this project for everyone not only in the market but the use of their website and hoe good iis their mission and vision.

[Plinteng]

The whitepapper is important but They can design an interesting roadmap and some technical details in the whitepaper, but that doesn't guarantee that the project itself is legitimate. what we need to know, it can also be faked. Anyone, even professional scammers, can write their own whitepaper or hire someone to do it.

[Radio-Active]

Indeed whitepaper is matter, but it is not the most. We should look for other aspects in the project as well.
But reading whitepaper is important, at least we can detect several red flags of the project from there.
To obtain the background, purpose, and the planning of the project, whitepaper is the first thing we need to read.

[Kotone]

a simple example like the unidapp project. Currently, the project is under suspicion of being a scam project because it does not have complete information, and complete information is usually found in the whitepaper, whether it's the concept or team identity, all in the whitepaper. however, the whitepaper is very important for a project.

This will be a basis of the tech and platform use case. So if a project doesnt have this, means they are not sincere to launch a good project. Whitepaper show the true power and strenght of the platform. It will be a guided technical written report describing all aspect on what to expect on a project. Whitepaper is vital so better to have a good perception on it.

[Francis Freeman]

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.

Haha. Yeah most projects which gone bust are exactly like this. But white paper is an important thing to analyze along with the team members to judge whether you wanna get into projects or not .

[Leonard2016]

I would say no, The product is more important than ICO , I know some recent ICO did a copy-paste from some other one's white paper and yet get into Bitmax.io 
Github, Mvp , the product comes first, you can write beautiful messages but can you do what you say?

[Alohadanc3]

Yes in my opinion whitepaper is a very important thing for a new projects. And if it's not good enough to belive in it I would not suggest you to invest in that project. Cause this whole market is full of scams. And in most of the cases th scams are like low efforts. So those which are looking low efforts projects they don't put a lots of time in white paper. And other one kind those try to convince that they belive in works not in paperworks. But for me I belive that those who really think about their projects in long term they will publish a whitepaper which will be described properly.

[slaman29]

a simple example like the unidapp project. Currently, the project is under suspicion of being a scam project because it does not have complete information, and complete information is usually found in the whitepaper, whether it's the concept or team identity, all in the whitepaper. however, the whitepaper is very important for a project.

This will be a basis of the tech and platform use case. So if a project doesnt have this, means they are not sincere to launch a good project. Whitepaper show the true power and strenght of the platform. It will be a guided technical written report describing all aspect on what to expect on a project. Whitepaper is vital so better to have a good perception on it.

Have you realized that almost none of the Defi projects out there have a very detailed whitepaper? All it has is a technical token economics or yield farming methodology or whatever they call it, and they keep changing and refixing it anyway! Whitepapers. Nobody gives much attention to that anymore seriously.