Hi Friends,
I often come across Alt Coins and even meme coins showing white paper. IMO, they are absolutely ruining the meaning of Whitepaper, aren't they?
Some of them use it for showing Toeknomics, some of them show their Utilities & Use cases, some show Roadmap and Planning, and some show just Memes in the paper.
There are many Crypot New Enthusiasts who just jump into the Project as and when they see Website and Whitepaper link. Hardly check what is even inside!
Just wondering what is your take on it!
No matter what project it is, its goal would always be to attract more investors into it. Having a whitepaper for a project would build a trust for the community of people interested into a particular project. However, as we all know only a small percentage of the projects managed to follow their roadmaps and overall vision of a project. This is also why most of the 'old ones' in this market aren't relying in such factor. Demand and popularity are better indicators to tell whether a project is good or not, and whether it is for long term or the other way around. Whitepapers would mean nothing if the token itself won't have a utility.There's no such thing as putting a period that memecoins are not as ideal as with bigger community - tokens.