between whitepapper and reality

[JuanPaulo]

Of course, there is a very big gap in this, because many projects are really very much and very essentially cannot do as they are written in white paper, I am sure that today many people still understand this.

I have not yet met a single project where there would be no deviations in the fulfillment of obligations from white paper. The main thing that developers can honestly admit about it and fix their mistakes.

[bartusv]

What is written in the WP is not guarantee that it will be realized in real life. It depends on the development team
if they are capable and experienced enough to fulfill the project promises.

[Bunsomjelican]

I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.

In every whitepaper in the ico most of the investors got attracted in it because of the road map they to their project program. Then, most of them too after

their ico finish the token price its not yet happen in the actual price value once their token has been listed in the exchange in terms of reality.

[makerst]

Funny, this is really a very funny situation. Especially if in white paper everything was so colorfully painted, but in fact just some kind of calculator, then this is certainly ridiculous, because it looks more like a scam project. But still today scam should be severely punished ..

[nemey]

Every investor should have different strategy to analyze the right ICO for investing. However, most of them will see the whitepaper. It includes the very completed concepts, token, team, and everything about the project. If everything is clearly stated and explained in the whitepaper, it seems that this is good enough for a project. But of course, WP is not the only one element that we must consider. Think much on their real team, community, wallet, and many more.

[sanacaks]

Last few months we have seen dramatic increase that many of the ICO did not want to listing any exchanges, even its written in road map. They sell tokens to the investors and keep them pushing buying more tokens. Discounted token prizes now is just a lie. Private investors buying the token with really high bonuses and its easy to sell their tokens half of the real ICO prize.
Moreover even they need softcap for development of the project they choose to run the project without having enough money collected. That is all means years and years to develop the project, listing a proper exchange. Rules must be changed or less and less ICO will able to be a real crypto project.

[ardentvolcanoes]

I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.

In every whitepaper in the ico most of the investors got attracted in it because of the road map they to their project program. Then, most of them too after

their ico finish the token price its not yet happen in the actual price value once their token has been listed in the exchange in terms of reality.

Whitepaper  affects people's decision investing with any projects, problem with that is when the developers are not really after with progress but only for benefits, even they wrote a good target progress without any development coming from the team there's nothing special that will happen to the project
most of the time when the coin got listed automatically the value got dumped and investors loses their money selling out of panic losing the entire investment.

[Specimen]

Every investor should have different strategy to analyze the right ICO for investing. However, most of them will see the whitepaper. It includes the very completed concepts, token, team, and everything about the project. If everything is clearly stated and explained in the whitepaper, it seems that this is good enough for a project. But of course, WP is not the only one element that we must consider. Think much on their real team, community, wallet, and many more.

the basis of a project is a whitepaper. the problem is the reality that occurs after they distribute coins and proceed to the market list. here is not explained in the whitepaper how their next strategy is to at least maintain the initial price. they don't promise anything and it sucks.

There are many facts that are different from the whitepaper, partners should be involved in funding able to inhibit the wave of large-scale sales, I doubt their capabilities and as seen only as a document sweetener, actually not involved at all post-coins enter the market.

I prefer to communicate critically directly with the developer before following it.

[Slugmonkey]

I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.

Some countries do provide legal protection against frauds in crypto market, but not every country. The reason is that most of the governments have already issued a circular or article against investing in ICO or the disadvantages of going in cryptos. Since, cryptos are decentralized and at most anonymous. It becomes tough to crack down the scammers in the market. We as investors should do proper research and take precautions before making an investment in ICOs.

[kipoel]

I believe a whitepaper is really worth to learn, but we can't just blindly believe on the project that opening an ICO, cause doing that will makes us suffer from the other condition of the market itself.

[Bijikopi]

whitepaper can copy from another project, this doesn't really matter. Complete documents are indeed a basic need. but the activeness of developers in promoting their projects is also very necessary, I prefer the second factor. The most important thing is personal analysis where the project is able to adapt to market possibilities, many projects are unreasonable and too impossible to develop, I am still skeptical of VR technology projects and their relation to market reaction, they will definitely be trapped in the middle of the road without clarity .

[South Park]

What is written in the WP is not guarantee that it will be realized in real life. It depends on the development team
if they are capable and experienced enough to fulfill the project promises.

This is something that people have learned the hard way, it is very easy to get excited about a project after reading the white paper, but it has been a constant that the developers of the project do not really make an effort to try to fulfill the promises that they made in the white paper, I think this is one of the reasons of why people are no longer reading white papers because there is not a point to do it.

[babyxxbaby]

If the developers of project are known (which I doubt) then I think they might be charged with fraud. If not then there is no legal possibility to punish them I think. Whom you gonna punish if you don't know who is behind this project? I think we just should be more careful.

[Kryten12]

The Whitepaper can often end up being a best case scenario for the project rather than a cast iron certainty. It is obviously the best place to start when you are researching a project but it needs to be combined with a fully capable and experienced team with a sound business track record.

[krassy]

That's a good question.
I have already tried to analyze the work of ICO and proposed to carry out the procedure of KYC for the founders of projects and ICO, it would significantly reduce the number of fake ICO and protect the interests of investors. But opinions are divided because of the issue of anonymity in cryptocurrencies.
Unfortunately, white paper with a good technical analysis can not guarantee the performance of the project obligations to investors and the return of funds in case of failure of ICO.
In many cases, permission from regulatory authorities is a high degree of support for projects, approval by the state or other government agencies is credible to investors, but such projects are units.
Now many crypto investors are puzzled by the search for good projects, with a guarantee of profit or return of their funds, so the reduction of fake projects is our big task.

[happyme1818]

As of now there is no clear regulation regarding ICO but every nation or government have their own laws regard fraudulent activities. It would be hard for the law enforcers to prosecute them because ICO is not yet covered in their regulation.

[mimienamphine]

this is one of the issues that we have as an industry where people will outline nice plans to entice investors and get their money and after raising the funds through the Ico project, more than half of these project cannot even accomplish even half of what they have in the whitepaper. Sometimes I really wonder why that is happening.I ask myself where the money they raised went to. This industry needs so many structures to be put in place if we are going to move forward and achieve more as we all look for mainstream adoption of the blockchain.

[Rozita]

When we talk about regulation of cryptocurrencies, most of the people don't like it as they know it against the main purpose of cryptocurrencies. But according to the high number of scam ICOs, they must be regulated. A group of people who want to hold an ICO, must be qualified for that. Why should it be that easy to hold an ICO and scam people?
If that happens, people will only invest in ICOs that have been verified. Otherwise, its their own fault.

[miropp]

This is a big problem for us actually. There are several types of scams. Some can be exposed immediately, they usually have gross violations that can be detected. Some are prepared more carefully, even after the ICO ends can continue the imaginary activity, so as not to cause suspicion. But also do not forget about the projects, which all went well, but for some reason the team was unable to achieve its goals and therefore the project was dying. Unfortunately there are no sanctions against them and we will not be able to complain. We just have to be careful.

[Nasonn]

Its shame how commonplace this has become, most of the Whitepaper we see around are only cosmetic makeup good enough to be washed out at the end of the day. Many projects set unrealistic target in their Whitepaper, their intention is only to raise money and nothing more. At the end the Whitepaper becomes useless, it's very bad I must say.