Does Whitepaper determined credibility of an ICO

[bhordz357]

I personally think the team is more important than the whitepaper. A well-known professional team, packed with great advisors, is a must for me.

Of course, a good whitepaper is appealing for an investor and you should also consider it, especially if it is well-written (every explanation needed for the ICO is there). But don't think it ss the only source to decide whether you should invest in the projects or not. The whitepaper can be plagiarized, bought, copy-written and so on.

I think for me it's an initial guide in determining if that ICO introduced a product which is suitable for the market demand its also a venue where you can read and know the team behind that support that project and if you decide in that ICO you can go deeper in your research.

[1715487432]

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[1715487432]

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[FinanceX]

An intending cryptocurrency investors recently approached me for my input in an ICO he intend invest on. And one of my advised to him his to read through the whitepaper of the ICO to determined how credibly and successful the ICO will be.
He then, ask me how sure I am that a well written whitepaper will determined how credibly, trusted and successful an ICO will be.
I couldn't give a clear answer to the question, because I personal know that so many scam ICO have a good and well detail whitepaper.

What's your take on the ICO whitepaper, can the information therein be enough to determine how successful an ICO will be.

It's important to identify the legitimacy of the team behind the White Paper. I think by far the safest option is to invest in an ICO that already has a functioning product. There is far too much uncertainty with ICO's solely based on a White Paper. When investing in a product, you already have proof of it's application and the ICO will enable the already successful company to expand and you can reap the benefits!

[X-ray]

I personally think the team is more important than the whitepaper. A well-known professional team, packed with great advisors, is a must for me.

Of course, a good whitepaper is appealing for an investor and you should also consider it, especially if it is well-written (every explanation needed for the ICO is there). But don't think it ss the only source to decide whether you should invest in the projects or not. The whitepaper can be plagiarized, bought, copy-written and so on.

I think for me it's an initial guide in determining if that ICO introduced a product which is suitable for the market demand its also a venue where you can read and know the team behind that support that project and if you decide in that ICO you can go deeper in your research.

It's really wrong, the whitepaper is not a permanent concept and never try to be fooled by that. So many teams have changed their whitepaper and they are creating the product that really different from their whitepaper.
The team will determine the credibility of the ico but it's not the whitepaper that has ability to do that.

[South Park]

Whitepaper is only a superficial guide for investors but it does not the represent the credibility of an ICO. There are alot of factors that is needed so that we can say that an ICO is credible.

This is right, there are many times in which the project does not keep up with the road map or they change some of the stuff on the white paper after the fact and people get mad, as if they did not know that the whitepaper is just a reference of what the devs plan to do and if things change or they find an obstacle they will have to make adjustments to the plan.

[Ndubades]

In my experience, this does not, rather, is not always the case. Though, originally, whitepaper should help give the intending investor some assurance on the credibility of the project, but nowadays, whitepaper information is not enough to make me invest in an ico.

[pogicute1234]

for me YES
because we know the white paper is all about the project and we also know how a project was formed. so it's important to know the white paper of a project to find out if it's a scam so always be careful.

[TropicalDog17]

Whitepaper does not determine the credibility of an ico. It's just a blueprint of what the project is has achieved and what they are going to achieve in the future.

I agree. I think the whitepaper is just a description, a document. It doesn't make the project successful or determines the potential. The whitepaper is an indicator of the team effort, but the team plays a more important role in assessment the project success.

[Osaaah]

Usually, whitepapers provide you with a general overview of what the project is and it goal and focus. It does not really determine credibility of an ICO. Although it provide detail information about the dev team behind the project.

[edmundo]

Absolutely not! Anyone can just present a well written whitepaper, promote it and sell just about anything in the name of a token sale. Personally, I think credibility has to come from a team with a track record of sincerity, success and proven ideas. Also, the product presented and its use case or solution to a critical need is just as important. Any other thing can then come in as a bonus. Once there is a sincere face and a working product attached to a project, confidence comes in naturally.

[maro101]

Whitepaper is an important element of any project, having studied its investor will be able to find detailed information about the project and eventually make a choice. However, I believe at the moment that the most important thing in the project is the team, on which the success of the project will depend.

[dataispower]

An intending cryptocurrency investors recently approached me for my input in an ICO he intend invest on. And one of my advised to him his to read through the whitepaper of the ICO to determined how credibly and successful the ICO will be.
He then, ask me how sure I am that a well written whitepaper will determined how credibly, trusted and successful an ICO will be.
I couldn't give a clear answer to the question, because I personal know that so many scam ICO have a good and well detail whitepaper.

What's your take on the ICO whitepaper, can the information therein be enough to determine how successful an ICO will be.

The ICO's reliability depends on the advisor and the Founder. The white paper of the ICO is for your reference and more information about that project. And if the project is good then it will follow the roadmap given in the white paper

[Saint1990]

The predict the credibility and successful endeavour of the ICO whitepaper is just one part of the steps. Whitepaper is the introduction of the project between investors and the project like their concept and what problem they are solving or what new technology they are bringing in cryptospace and how much time line they will complete as they are commenting. If you like this first step than go for the 2nd step team and advisors, than social media profile of the ICO specialy check bitcointalk forum ANN because here they can get tough questions from the forum members and how they answer. 3rd step is very very important now a days that is backing from venture capital and institutional leaders. With all this steps if you get satisfied than you can take call whether to invest in ICO or not easily.

[ARTIST 1991]

I think too that white paper yet not a guarantee of reliability of the project is well written. Swindlers have very great opportunities. Sometimes it seems to me even that they sometimes too strongly try. Projects which had defects, not a really beautiful and detailed web the website as a result appeared in a top. And at what everything was beautifully painted were closed after sale of tokens.

[Bunmi1989]

No I don't think all the grammar in a project whitepaper determines how good the project will be...

[Bromote]

An intending cryptocurrency investors recently approached me for my input in an ICO he intend invest on. And one of my advised to him his to read through the whitepaper of the ICO to determined how credibly and successful the ICO will be.
He then, ask me how sure I am that a well written whitepaper will determined how credibly, trusted and successful an ICO will be.
I couldn't give a clear answer to the question, because I personal know that so many scam ICO have a good and well detail whitepaper.

What's your take on the ICO whitepaper, can the information therein be enough to determine how successful an ICO will be.

Ehm, not really, an scam project can have a really good whitepaper, but you will end up loosing your investment or something else once you get into them.

[mbangsar04]

The whitepaper is indeed important, but there are even more important that the team is working on the project. This is very important, if the team is already professional then the project will run smoothly and of course the project they make is very good.

[faithofb]

Not at all, white paper,  will only show the project plan and how a project will be execute, the team member and their profile, the purpose for the project creation. And all this can also be put in place by a fake project also. But it can determine the creditbility of a good project. It wil really such project of it is not a scam project.,

[Adunni6758]

It is not just about whitepaper alone, it is about studying other areas. Personally, i focus more on the telegram, where i can have access to the team directly and ask questions and be rest assured of the investment.

[Troysen]

Although we must remember that whitepapers are man-made thing, and therefore it may be that the information there is not completely true, or at least distorted to benefit ICO, that's why we see many whitepapers that use buzzwords like "revolutionary technology" or "instant win" all of them usually don't end well, because what they want is to create hype instead of focusing on the product.

[TokenForUs]

my thought that whitepaper has its place to be one of most important part in ICO, so investors can understand what exactly developer team will build and how to make it run with every detail explanation of the project. But,it will not determine enough the credibility of an ICO, you have to do research with developer team behind tha project with their track record. we can say the team are man behind the wheel, it doesnt matter how good are the project will be, but it is matter who is team behind the project.