Why Always Trust Project Whitepaper?

[Andruha1993]

Whitepaper is indeed a very important document. Because there is absolutely all the detailed information about the project. When I choose the ICO project to invest in it, always the first thing I read is a whitepaper.

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[Capt00]

No you should not trust whitepaper all times, it can hurt your investments.

Lol, you made me laugh into this photo showing that some ICO's are not even trusted.

Yes, not only a whitepaper you would know if that legit one or scam also you may check the whole team and their website too.
It is better if you choose a good project those having complete details into their documents.

[kawetsriyanto]

Whitepaper is just one of several points to consider before you decide if the project is legit or not. There are still many other things that you need to analyze. Check the project info and its legality, team member info, its social media, and ecosystem support. You should check them not only on whitepaper, but also explore trusted information from many sources on internet.     

[jeungo]

There is a need to document the steps that the project should take and the technical solutions that it will use. Therefore, most of the projects are based on the road map and white paper. Although at the moment in the red market and it does not help much.

[waser12]

Just description in white paper is not enough for making investment decisions. Analytics should be more profound if you don't want to lose your money.

[codebreakerz991]

For me first thing to do is to check Project members and advisors why waste your time to read whitepaper of course the whitepaper will only shows what you want to looks its perfect in anywhere you look at it

[chanc3r]

No you should not trust whitepaper all times, it can hurt your investments.

Lol, you made me laugh into this photo showing that some ICO's are not even trusted.

Yes, not only a whitepaper you would know if that legit one or scam also you may check the whole team and their website too.
It is better if you choose a good project those having complete details into their documents.

Sometimes there was a scammer that putting the fake identity to create such a scam ico and it will be very important to check the team and the identity of it. At least the team that has a very huge supporters can be considered as a good project too consider the majority all of them have been doing a lot of research.

[BitcoinHodler]

unfortunately white paper has turned into another form of advertisement for altcoins these days. before, meaning a couple of years ago. the white paper was only used to give the users an abstract of the idea behind the project but these days the shitcoin creators go as far as hiring people to write their white paper for them because they are either kids who don't even know what to write or are some Russian or Chinese kid thinking they can become rich like this but can't even speak proper English.

[Dyanggok]

It is important to know that for any project hoping to convince investors into putting their money into the project, they are going to be focused on making the project as appealing as possible which means that the project's whitepaper will surely be good so I believe you should look beyond the projects whitepaper to decide if a project is legit or not.
Always make through research of a project's team, road map and token metrics to decide which projects to invest in

Sometimes no matter how well presented a whitepaper and road maps we really cannot tell if it's a scam or not. However, base on content you can really tell if there is a potential or not.

[iconoclast]

It is important to know that for any project hoping to convince investors into putting their money into the project, they are going to be focused on making the project as appealing as possible which means that the project's whitepaper will surely be good so I believe you should look beyond the projects whitepaper to decide if a project is legit or not.
Always make through research of a project's team, road map and token metrics to decide which projects to invest in

When I analyse any project I assume that all the information I am getting is false unless I can confirm it from independent third party sources. You should always remember that the whitepaper has been written for one purpose only. To convince people to invest time and money into the project. At best they will always promote the positive and try to diminish the negative, at worst they will be nothing more than a carefully contructed web of lies designed to part you from your money. Be sceptical at all times.

[fempat]

True. I've read many White papers that had good project ideas but did not know how to properly structure their proposal. In such case, I look st the team as unprofessional, and therefore I don't think twice about them.

[googs84]

That is there part of story and there work to make it look like premium but I don't see it true by any means. You should not be relied on piece of Whitepaper where everything is written down about the project, its logics, products description and much more stuff. Because this can be made so easily in one day.
What you need to look into the ICO is whether they are having working products and services or not? If they are starting from the scratch then you are taking use risk with them because you dont know whether they will end up having proper products and services at the end or not. Opposite to this, any project with working models will have higher response because they are just scaling up themselves and thus making the project bigger asset and will be legit too.

[dobidobi88]

It is important to know that for any project hoping to convince investors into putting their money into the project, they are going to be focused on making the project as appealing as possible which means that the project's whitepaper will surely be good so I believe you should look beyond the projects whitepaper to decide if a project is legit or not.
Always make through research of a project's team, road map and token metrics to decide which projects to invest in

White paper is an important thing in a project because it contains the basis of the construction of the project. In the white paper, of course, it must contain the project's vision and mission, the excellence of the project, the road map and the development team that allows it to attract many investors. But, to decide on a good project or not, just look at the white paper, there are many other things that need to be examined so that you can determine the best decision.

[wicaksono]

because whitepaper is the initial concept and the platform runs. we can know what the project functions for, if we contribute to this project what we will get we will find it on the whitepaper, basically like a guidebook

[NinjaCryp]

Do not be confused. Any scam project can make clear promises in WP simply and it is just one of the factors that evaluates the ICO. However, more emphasis should be placed on the devs team and the head. as well as the team advisor reputation. In addition, ideas are also important issues.

[DeleikesiL]

This is not because everyone believes in white papers because the form of ICO is itself a sales concept. Therefore, it is necessary to read the white paper, but does not fully believe everything in the white paper. These things may be fake. Therefore, if you want to participate in ICO, we need to understand the project from many aspects so that we can make some useful judgments.

[rockybar]

white paper is one source we can check if the ICO is legit or not. but its more better that if you like to check newly ICO projects check also the team behind that project if they are attending some blockchain summit, check the CEO if he is legit. better to use ICOBENCH to check the rating of the said project.

[loragean03]

Even theres a good to be true WP indicates on the projects, it doesnt mean that the project is not scam, although some of the information about the projects are written on WP but dont just believe on it, dont just took for WP but took for over all ratings, WP is only a guide to see whats next on the projects,  but to trust it. No.

[Chiyoko]

It is important to know that for any project hoping to convince investors into putting their money into the project, they are going to be focused on making the project as appealing as possible which means that the project's whitepaper will surely be good so I believe you should look beyond the projects whitepaper to decide if a project is legit or not.
Always make through research of a project's team, road map and token metrics to decide which projects to invest in

Whitepaper can explain what the project about but not all in the whitepaper is very nice project so if you want to see good project in whitepaper you need also make research to double check if the project is good or not and to avoid scam .

[Gozmoc]

The project whitepaper is what contains a concise and full information on the project. as long as it is released by them, it should be relied upon.