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.
Whitepaper alone can't vouched for the credibility of an ICO considering that there are a lot of scammers out there trying to fool investors with their copied whitepaper from another ICO. But if you find a legit ICO, i recommend to read their whitepaper because it would help you understand their project more.