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!
Whitepaper has become a fashion in crypto market. But 99% of them do not add any real value. Now in the era of AI, it has become even more easier to write a whitepaper. Just ask chatgpt or Bard AI and they will get it done for you. You just have to manually review and make changes accordingly. The effort has come down to almost zero. So whitepaper is not something which you should consider before making an investment decision. Majority of them are fake and copied from others or written by AI.
I personally do not think whitepaper adds any value to the project, especially memecoins. These memecoins are short lived and add nothing to the ecosystem.