Is ICO WhitePaper Matter Most?

[john1010]

Whitepapers have proven very effective for marketing and promoting cryptocurrencies. When Bitcoin launched originally in 2008, it was marketed through a whitepaper that was supposedly written by Satoshi Nakamoto.

Since then, almost every project has been introduced in the market with a whitepaper of its own.

Developers for new ICO projects now have more advanced methods of marketing at their disposal. New cryptocurrencies now rely on webinars, social media and animated presentations to promote their ICO.

The time gone very fast, today, people are not interested in looking the whitepaper, people interest is just only on how they earn very quick, they don't care the project they are looking the right timing when the developer may rug pull the money from investors, then they will ride the tide. Whitepaper won't matter most.

[capedbaldy]

The time gone very fast, today, people are not interested in looking the whitepaper, people interest is just only on how they earn very quick, they don't care the project they are looking the right timing when the developer may rug pull the money from investors, then they will ride the tide. Whitepaper won't matter most.

Currently traders are focused on quick profits from investments so don't consider the purpose of the whitepaper anymore because there is no guarantee the price will increase even though the team will launch the mainnet and we have reviewed many cases of other alt projects that the launch of the mainnet has no effect on the price increase, so they are more appropriate take low profits rather than bear losses with no potential for price recovery.

[john1010]

Everyone can promise and write a nice whitepaper, but the reality is pretty different, when it comes to the creating a product, team recognizes that they are not enough skilled and so they give up, but with the money what they raised from investors. Solution? Before ICO is managed every startup should present their product and not the whitepaper .

Your point totally resonates with the challenges startups face in delivering on promises made in whitepapers. It's a common issue, and I appreciate your perspective. I agree that showcasing a tangible product before an ICO is a smart move – actions do speak louder than words. It not only builds trust but also sets a solid foundation for the project. Let's encourage more transparency and practicality in the crypto space! 😊🚀