Is ICO WhitePaper Matter Most?

[john1010]

For me it doesn't matter anymore, I don't look at the whitepaper anymore as they are just hiring good writers for it, the are hiring someone for it to look good but most of them doesn't provide real platform based on their roadmap, so what I am looking for now is a real product working before I will start checking on it.

That is correct, if we look and saw that part of project's roadmap are partially implemented this will give a very significant sign that the project has a bone.

Yes, by now, people have learned their lessons. Projects can write fancy whitepaper with so many technical details in it, but in the end nothing will ever come true to their objectives. But let's not include all blockchain projects. There are still legit and authentic but they are very hard to find. So I think, the most important part of every project is the actual implementation of their platform or the actual development of their app that will attract users.

Yup, some of the ICO failures gives the investors to become cautious because we invested a hard earn money and our responsibility is to double check every project we entered. I always now looking for the result.

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[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.

I agree with the picture above, this is the experience I experienced last year, I was fixated on the whitepaper they made and I was stuck in it, I suffered a big loss. but that became a lesson for me, to be more careful in investing in ICO.

Most of the people who involve in crypto always looking the source of information in one familiar project, that's why we are so eager to look it in the form that we can understand, now early 2015 ICO has been born and they put the brain of the project on it, Today the whitepaper is just simply to hype people and making us believe on the beauty of their project which is more of the ICO project now failed to perform well.

[Rampagoe004]

Now indeed we can not rely on a whitepaper in a project because nowadays many are faking whitepapers and convincing a project can run successfully i.e. the project by working with a company that runs real products and the project can certainly get the support of many investors, nowadays many such projects can get satisfactory results.

[nutildah]

Most of the people who involve in crypto always looking the source of information in one familiar project, that's why we are so eager to look it in the form that we can understand, now early 2015 ICO has been born and they put the brain of the project on it, Today the whitepaper is just simply to hype people and making us believe on the beauty of their project which is more of the ICO project now failed to perform well.

I just gave you a few extra merits for this because I remember thinking it was extremely funny back when I first saw it way back when. We've come a long way over the last 2 years. Nowadays I only check white papers to see if they've been plagiarized. I don't really care about their actual idea already because everything that can be done under the sun with crypto and the blockchain has already been done. Very rarely am I inspired by new projects these days.

[IMAR]

Nice pic, And not gonna lie it's pretty accurate , Because of the WhitePaper is written well, then i can't decide on investing on that coin without doing more research. I tend to look at the people behind the project. Their backgrounds, And if they are basically real and not just stolen identities. so looking at their partners and checking their roadmap then I can decide If it's a good project even just a legit one.

[meanwords]

Whitepapers aren't big anymore, they aren't something you can count on when investigating a project anymore, I works in 2017 but now anyone can just forge a fake or plagiarized whitepaper, no a big deal anymore

Not to mention that as time goes by, it is becoming stale which lots of ideas copied from another project. To be honest, I personally think that whitepaper's purpose is just to track down fake and plagarized projects. They don't mean as much as the development and the implementation itself.

[Tomcolor]

Whitepapers are not the only consideration when investing in an ico, although important, other factors just just reassures ones confidence, like team, product, etc,.

whitepaper is needed for a good project. Actually some people never read whitepaper but smart investors always keep important whitepaper. Many scammers project can be copy whitepaper so after read a project whitepaper then you can analysis this scam or not.
Otherwise team, products development are also needed if a project want successful ICO/IEO. At least we can reduce scam project if we can understand about it (trust project and scam project).

[Bezobraznike]

Nice pic, And not gonna lie it's pretty accurate , Because of the WhitePaper is written well, then i can't decide on investing on that coin without doing more research. I tend to look at the people behind the project. Their backgrounds, And if they are basically real and not just stolen identities. so looking at their partners and checking their roadmap then I can decide If it's a good project even just a legit one.

   Picture is great, it shows that WhitPaper is just a part of what it's needed for one project to be successful. It;s never one thing
that people focus on, people have to check entire project, from the team members, their idea, WhitePaper, their road map, and
after you consider all factors you can be sure in some project.

[bukham88]

there are many investors out there who were deceived by WhitePaper ICO in 2018-2019, therefore many investors are now turning to IEO because it is more convincing to invest, but before that, we also have to analyze further too.

[aemma]

In as much as the picture looks funny but that's the truth about ICO whitepaper or will I say majority of projects whitepaper be it ICO or IEO. Most team are good in writing a very good and catchy whitepaper but once the funds has been gotten, what they end up producing will be entirely different from what was written thus leading to the question of, what happened? Also, owing to this act of writing a good whitepaper and developing a different thing, most people nowadays don't bother reading them again, Instead they focus on the IEO, once trading starts they dump, move on and wait for another.
Lastly, it seems that, a reasonable number of old projects really produced what they promised hence the reason they are growing each day with more improvements while on the other hand, majority of new projects are always found wanting of doing a different thing altogether.

[thesmallgod]

Whitepaper is very important for investors because it gives them the information they need about the project.This is also part of the things that is needed in making decision on maybe to invest. For instance I personally like reading the whitepaper because the narratives can depict about how serious the dev team are about the project. Unfortunately, most investors do not even bother to read whitepaper before making decision to invest. I also look out for details such as team pictures and profiles in order to check it for possible scam

[Dollar_Hunter]

just see ICO from Whitepaper? of course it was a waste of time, in my opinion the most important thing was not Whitepaper, but the strength of the project team

[ScamViruS]

With Whitepaper alone, I don’t know how accurate it would be to call a project good. Because the whole project should be seen, they have the ability to do some kind of development in the future or not. Now relying on Whitepaper, no one invests in any project. Everyone tries to verify the whole project and the team of the project.

[ATSgrowth]

When your browser Fiverr you will get information how much does it cost to make tailor-made ICO project, it costs only 1000USD in a total. But you can pay only for a whitepaper and some indians writers will write it for you only for 100USD - 200USD. So do you think that it has a real value when it is written by a person that specializes only in writing whitepapers?

[Little Mouse]

This is true indeed. When I translated the whitepaper of Epic Cash, it seems like Epic cash will be one of the most popular coin after bitcoin but in reality, it turned into a shit. It is very risky to invest in a project depending on whitepaper only.

[pungopete468]

Now indeed we can not rely on a whitepaper in a project because nowadays many are faking whitepapers and convincing a project can run successfully i.e. the project by working with a company that runs real products and the project can certainly get the support of many investors, nowadays many such projects can get satisfactory results.

It cannot be a reference that the whitepaper will go according to plan and in my opinion right now is not the right time to invest in ico or IEO. the risk is big enough better to choose investments in clear altcoin than we see new projects that still have the potential to fail and this is very risky

[rodskee]

Now indeed we can not rely on a whitepaper in a project because nowadays many are faking whitepapers and convincing a project can run successfully i.e. the project by working with a company that runs real products and the project can certainly get the support of many investors, nowadays many such projects can get satisfactory results.

Project with actual usable product are mostly being supported by investors, whitepapers gives information
but the actualization of said project depends
from how the team works and how they are managing their projects, there are lots of fake projects and
investors needs to sort it well before placing any investment.

It cannot be a reference that the whitepaper will go according to plan and in my opinion right now is not the right time to invest in ico or IEO. the risk is big enough better to choose investments in clear altcoin than we see new projects that still have the potential to fail and this is very risky

Investment wise, it's much lesser risk if you'll participate with projects that have existing products, project
where you can see developments and progress.

[junkerr]

Investment wise, it's much lesser risk if you'll participate with projects that have existing products, project
where you can see developments and progress.

You are right, some projects that already have products and even those that already have a small-scale market are still doing development fundraising. when the project has a real product, it will get more trust from investors.

[joshua123]

One of the important aspect of a new project is the whitepaper. It is like a project feasibility where we can see the potential and technical write ups describing the project. Most new projects tend to do copy pasting on older project that becomes a norm for scam projects. But what if those project only reference it to those project due to similarity of idea would that be considered plagiarism still? I dont know but from what I can see, most investors refer so much on whitepaper so projects without it are being snobbed and considered scam.

But if you think about it, does it reallt be required even the concept is easy and common sense for a uswr to understand? Example exchange, we know how it works does it really matter if it has a whitepaper?

[homhay]

Good ideas from ICO indeed make us fooled even though the reality is inversely proportional, so before we participate in it we must analyze further about a project.