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
yes, of course you have to monitor the level of development first and also pay attention to the prospects offered by ico what it is and how and it is at least a reference for us to trust it to join.
and also must be vigilant because there is a big possibility that it will be scam because in the white paper there is also a project vision and mission that will be developed and this becomes the strongest foundation to be able to believe it.