I think that for a successful ICO you need money and a lot of money, on the other hand, it is strange for me when some unimportant project is trying to collect 20 - 30 million dollars.
Of course money is needed, but even more important is what this money will be spent on. Projects with clear goals and a plan for spending are always ahead of everyone else. So it's funny when my friends ask me for an opinion about the project without white paper or without a product.
I think whitepapers have become a cliche lately, they're not what they used to be.
Too few projects are producing a technical whitepaper likely because they haven't actually worked out how they're going to build their product.
I think any platform coin without a whitepaper is almost certainly a scam.
I completely agree. Does a whitepaper really have to have technical specifics?