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 white paper is important since you can get a lot of information out of it but a white paper is nothing more but the intentions of the developers, I have seen projects that look great on paper but without the abilities of a good CEO the project failed almost immediately, so you need to do a greater research than just reading the white paper before deciding if you invest in an ico or not.