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.
Of course it is not solely the 'Whitepaper' that could determine and guarantee that the ico or a tokensale will be successful. It will serve only as the detailed guide on what to expect with the project but it is the real progress of the project itself will be the best basis to determine if the tokensale and ico is successful. I also check on the team if they are active with their project.