Does Whitepaper determined credibility of an ICO

[nussy]

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.

[1713484435]

1713484435

[joniboini]

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.

[Prime20]

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.

[sarfwr]

I don't think the white paper is that important.
I am more concerned about open source code, people should learn to use GTIHUB to search various projects for code development.

[Guard225]

There's a ton of plagiarism in whitepapers lately. Let's be honest, only a handful of people really read those and even less of them understand what they're reading. Credibility is more based on the team, their niche and prospects on their future, although WP shouldn't be discarded...

[R9s]

The white paper can only be used as a way to refer to the ICO project. We can't just rely on the white paper to decide whether to invest, just like you see a person with a very high level of education, but you can't think he can't sin!

[icalical]

Absolutely, you can find all the thing about ICO in their whitepaper, their vision, mission, roadmap, team, milestone. etc. And when you find that an ICO has whitepaper that too similar to other ICO, it might indicate that the ICO is scam. Then you look for the team member, and search it in google, if you find something suspicious better left the ICO.

[makishart]

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.

For me it doesn't, i will try to tell you about the truth and did you remember about what has already happened with iconomi and any other ico platform that changing the roadmap at the middle of development? Whitepaper just like a concept that has already created like a document and it's not a permanent concept and i think that will not give you a lot of things to determine how good the ico is.

[bttmember]

Yes real projects with clear objectives and business plans always have a nicely written whitepaper and it does matter to get the clarity for small things on how the project is designed, planned and how everything will be implemented. Poorly written or copy pasted whitepaper is a big red flag for me.

[jacee]

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

Partly yes. For me, a well-written whitepaper shows how professional a team is. Surely a good whitepaper can't be just bought somewhere. It has to undergo several reviews / proofreading to make sure that every single details in it is explained clearly.
On the other hand, a well-written whitepaper can mean nothing if the team can not deliver what they had planned to do with their project.
I've seen ICOs which are at first, good and everything seem to go as what they had planned and according to their whitepaper, yet the date comes and months had passed, still nothing. Words written does not compare to a work well done.

[Lillian4real]

Whitepaper cannot determine the credibility of the project. Many projects copied the whitepaper from others and did some little editions to make it real as if it was their original plan.

[bitc0000]

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 reliability of the project depends on Teamdev and the investor. White paper is only to help you understand their project as well as their development path in the future. If Teamdev completes the roadmap then it is a reliable project

[Mark13]

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.

White paper explains all about the project. This will be the basis for all investors whether they support it or not. It really affects on how ICO will conclude and be accepted by market. All information including their team members, roadmap and others are stated. Just make time to read all of it before investing. Make research of team members if they are real and credible enough to implement their platform. Also make sure that the content is unique( not plagiarized) and attainable with their given time.

[Yahdz]

for Whitepaper, I admit it is very important because it contains ideas from the ICO, even though the whitepaper is easy to imitate. but still we cannot reject its existence. so we must have considerations other than the whitepaper, when we want to join the ICO. like Develop, Manager, technology, investors, softcaps ,hardcaps and Marketcap need to be considered

[Indrawan77]

No, whitepaper alone wont be a guarantee that the project is going to succeed, whitepaper only one of the factor, the other important factor is the team developer, whitepaper is used to get information what is the goal of the project and how the team going to achieve it, whitepaper will give you basic information about project but it is not a guarantee that the project wont be scam

[AzureDragon]

I agree with the mention that not so much whitepaper but staff of project determine its credibility.
Undoubtedly, well-formed whitepaper helps potential investors to get on track rapidly. More over from whitepaper you can understand the main goal of project and its attainability.

But recently many of ICO-makers make beautiful pages and stop at this stage. One should be careful.

[herurist]

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.

White paper is all information that users needed to know about the project, meaning detail. Depend this information ( white paper ) you'll know how realistic they are and how the do the project progress. We must see from two things, first is white paper and second thing is support system, how good they finish users problems. See the project as one big picture don' split them.

[itsik78]

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.

I do not think Whitepaper will guarantee that you will not fall for the scammers. I have several times met projects in which a part of Whitepaper was copied from other projects. The big mistake lies in blind trust in the "white books". Investors rarely check the information described in WP and do not have the proper level of competence to check the open source of a project. This is enjoyed by a huge number of ICO organizers, who do not even bother to develop smart contracts that are stated in the technical documentation. You can not trust people, you need to trust the code

[ojosamsom]

Not only that white paper determine the credibility
Of an ICO, it plays a major role in the project.
Which play vital role in the future of the project.
Whitepaper allows investors to know more about the project.

[Leah38]

Good day. Mostly investors look at the whitepaper of the projects but in my opinion credibility can't be proven by what's written there alone. Some ICOs have fake team members. Some would just think of a convincing plan to entice investors to invest. It's more advisable to check social media activities, telegram channels where you can talk to the team members and check the events they are involved with.