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.
A whitepaper is necessary for every investor who is interested to invest his money into that particular project and i think you it really shows the value behind the project and it has necessary details which will attract investors.
But whitepaper is not the only source you have, because there are ways by which whitepaper can be plagiarized or copywritten and so you should also look for many other things like their management team, their concept and the core values behind the project, how well the project is been shared and engaged in the social media websites, what are the future plans and upgrades expected in the project and many more.