Personally , I don't think there should be an ICO without whitepaper. The whitepaper bridges the gap between an investor and a company. Can we say a ICO without a whitepaper is a scam? Or what can you say about an ICO without whitepaper
I completely agree with you. It's hard to believe in an ICO without whitepaper. The investors have to know about the developing plan, the team behind, etc.. It would provide enough necessary information for investing. However, we can't say that an ICO without whitepaper is a scam one. It just an untrusted project. As for me, I always research carefully the project, especially through their Whitepaper before taking invesment.