I don't know if the project will be a success (I hope) but I see two very positive things:
- the white paper is complete and professional
- the team is dynamic and available
And that's not bad enough in the current context!
In my eyes a project needs a lot more than the two things you have listed above to be a success. Having a complete whitepaper is great but isn't that the standard with all crypto/blockchain projects? I don't think it's that special.
You are right. I also think that a good project need a bit more than a whitepaper and a visible and active team. They need a good product and a vision. A good progress and further development is also important.
Yeah, there are so many other aspects; marketing, funding, development, functionality. In my opinion there needs to be a real demand for the service for it to be successful.
Jesus lol, if all people need is a 'professional whitepaper' to be successful there'd be so many scam projects. My only concern is that with the BTC difficulty, it won't be profitable at all to mine by the time they get the funds, especially with having to pay for electric.
We can only hope and see how they turn out. The believed they can be able to make profits for their investors and their btc mining will be very profitable coupled with the fact that they are getting the electricity cheap.