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Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Domithra on October 24, 2018, 03:47:02 AM

Title: The essence of reading whitepaper
Post by: Domithra on October 24, 2018, 03:47:02 AM
Whitepapers give investors and bounty participants clue on the authenticity of a project and how well the project can attract investors to itself. This is where the idea, the product, the goal and the roadmap of the project can be found. Always look out for typos and incoherence in information in the whitepaper because scam projects are always prepared in a haste.
Title: Re: The essence of reading whitepaper
Post by: Cutter Cute on October 24, 2018, 06:16:49 AM
I took the time to read the whitepaper and see the authenticity of the team members, by reading the whitepaper I was able to see the road map and all information from the ICO project, thank you for reminding us to be more careful looking at the project.
Title: Re: The essence of reading whitepaper
Post by: backfirst77 on October 24, 2018, 06:48:47 AM
Reading the whitepaper will make us know the project clearly and thoroughly. Because all the explanations about the ICO project are written in detail. So reading the whitepaper will make us understand and understand the essence of the ICO project.
Title: Re: The essence of reading whitepaper
Post by: TheHero on October 24, 2018, 07:52:53 AM
Yes whitepaper is one of the parameter we need to check before decided to invest in their coin. But the important one is the product. If their product already being finished i think it will attact a lot of investor cause now adays we can see a lot of coin only selling the vision and mission without delivering their product.
Title: Re: The essence of reading whitepaper
Post by: MUGNIA on October 24, 2018, 08:18:34 AM
reading whitepaper is very important because it is from the white book that we can see the purpose of the project and their team and also
from reading the whitepaper we can also assess serious projects or not
Title: Re: The essence of reading whitepaper
Post by: Legends on October 24, 2018, 08:19:27 AM
with the whitepaper, the investors and bounty hunters can find out information about a project that will be followed. I think it's important so the investors and bounty hunters are interested in joining it.
Title: Re: The essence of reading whitepaper
Post by: bubblebubble on October 24, 2018, 08:43:09 AM
Sometimes it is not enough unless you are an Expert.
If you aren't I suggest to check news online and read some neutral rating website.
Title: Re: The essence of reading whitepaper
Post by: Black ID on October 24, 2018, 10:54:07 AM
The real goal of reading the whitepaper is to make sure that it's worth what the project we choose. we can see how good and bad the project is and can see whether or not the Project is successful. Actually the whitepaper reading function is to avoid fraud or scam.
Title: Re: The essence of reading whitepaper
Post by: akbarals9425 on October 24, 2018, 11:02:35 AM
maybe it's their little mistake what about those who have planned it long before it must be very mature and looks convincing many investors who have been fooled by this kind of book Whitepapers is not a guarantee that the company is a scam or not but how they package it to attract investors
Title: Re: The essence of reading whitepaper
Post by: Mut-coin on October 24, 2018, 11:47:49 AM
If their product already being finished i think it will attact a lot of investor cause now adays we can see a lot of coin only selling the vision and mission without delivering their product.
Title: Re: The essence of reading whitepaper
Post by: rsremove21 on October 24, 2018, 12:15:44 PM
in every new ICO i encounter, i always check if their have a whitepaper to avoid asking and asking. cause all the info that the investor need is on it. it serve as a gateway to their project.
Title: Re: The essence of reading whitepaper
Post by: ponin on October 24, 2018, 12:19:22 PM
yes you are right if anyone would have a deep searching in whitepaper can understand the quality and the preciosity of the project and spot the contradictions however almost no one even reads it.
Title: Re: The essence of reading whitepaper
Post by: Zed0X on October 24, 2018, 12:27:01 PM
Always look out for typos and incoherence in information in the whitepaper because scam projects are always prepared in a haste.
Definitely agree with this. Not only typos and incoherence, there are also others that are copied from other whitepapers.

Just a reminder to everyone not to rely on a well-written WP only. It is a good source of info but it is not a guarantee that a project is 100% legit.
Title: Re: The essence of reading whitepaper
Post by: ComeBack on October 24, 2018, 12:28:28 PM
I agree, Some people now a days are really lazy when it comes to whitepaper reading because it really have a lot of pages containing the details of the project but they don't really know how much they will going to have informations about the project if it will going to be a good project or not.
Title: Re: The essence of reading whitepaper
Post by: Alpha on October 24, 2018, 01:17:48 PM
Absolutely. Nothing else matter but gain when investing in any ICO. White paper is a key to define the real or scam project. Reading it is a source of knowledge.
Title: Re: The essence of reading whitepaper
Post by: I-Bit on October 24, 2018, 01:20:16 PM
Always look out for typos and incoherence in information in the whitepaper because scam projects are always prepared in a haste.
I like you point the clue. I guess people are not really aware about the way to determine a scam indication. Whereas it is what people should look for on whitepaper.
Title: Re: The essence of reading whitepaper
Post by: xtian_1988 on October 24, 2018, 01:26:03 PM
I think its a must for every investor to take time to read the whitepaper before investing,All the necessary information is in their the roadmap the token allocation and what the main focus of the project. Whitepaper can also help you determine if the project is scam. some copies the whitepaper of other project. 
Title: Re: The essence of reading whitepaper
Post by: MOProgress on October 24, 2018, 01:26:45 PM
Different people have their reasons of reading white paper but I believe that the major and primary reason anyone should focus on is what the project is all about and who is behind the project, what problem do hey intend to solve etc.
Title: Re: The essence of reading whitepaper
Post by: jjeeppeerrxx on October 24, 2018, 01:49:02 PM
Whitepapers give investors and bounty participants clue on the authenticity of a project and how well the project can attract investors to itself. This is where the idea, the product, the goal and the roadmap of the project can be found. Always look out for typos and incoherence in information in the whitepaper because scam projects are always prepared in a haste.

Very well said, the first time I created an article review for a project it is because of the Whitepaper's information. Everything is documented on this and is one of the most important things that most people were skipping, they don't even take care and give time reading this the reason lot of people get scammed by scam projects.

I learned a lot because of reading Whitepaper!
Title: Re: The essence of reading whitepaper
Post by: jameslysa on October 24, 2018, 03:07:59 PM
Whitepapers give investors and bounty participants clue on the authenticity of a project and how well the project can attract investors to itself. This is where the idea, the product, the goal and the roadmap of the project can be found. Always look out for typos and incoherence in information in the whitepaper because scam projects are always prepared in a haste.

yes really because many of us who are lazy to read the white paper causes a lot of ci bounty that is scam, right as you mentioned above something that is a scam is usually made in a hurry and a lot of mistakes, I myself if I want to invest with the amount of money which is pretty big for me, I make sure you have to read the white paper first to reduce the risk of getting a scam or the failure of the ico.
Title: Re: The essence of reading whitepaper
Post by: May on October 24, 2018, 03:15:45 PM
I make sure you have to read the white paper first to reduce the risk of getting a scam or failure. Many of us who are lazy to read white paper cause a lot of scam prizes, just as you mentioned above something that is fraud is usually made in a hurry and lots of mistakes
Title: Re: The essence of reading whitepaper
Post by: Shanacute14 on October 24, 2018, 05:16:22 PM
Yes I agree with you, the essence of reading whitepapers is to gives us informations and ideas about there conceprs in the projects. We can know what is there objectives and visions.
Title: Re: The essence of reading whitepaper
Post by: bubblebubble on October 24, 2018, 05:51:28 PM
Sometimes is important chat directly with team members and be sure that are the same of linkedin profile.
Title: Re: The essence of reading whitepaper
Post by: paolobaltimori on October 24, 2018, 06:40:49 PM
Whitepaper is very important for a project and you can easily check if one is copied from another using google to detect some scam projects.
Title: Re: The essence of reading whitepaper
Post by: pelana vreo on October 24, 2018, 06:49:03 PM
You are right, projects that have writing errors in the whitepaper will be a big mistake, we can see they are unprofessional and it is certain they can fool us with some errors in whitepapers that we never realized before.
Title: Re: The essence of reading whitepaper
Post by: getit on October 24, 2018, 07:41:35 PM
Personally, I do not think whitepaper is enough to identify scam projects because with what you said, the incoherence in the whitepaper of scam projects might be very few. Most scam projects have excellent whitepaper. I do read whitepaper to find out the nature of the project and how they plan to carry on with the project.
Title: Re: The essence of reading whitepaper
Post by: Nanagyasi on October 24, 2018, 07:50:07 PM
Whitepaper is just like the foundation to a building. Every investor would want to see what you plan to build the project on and how and some other relevant information.
Title: Re: The essence of reading whitepaper
Post by: carcas on October 24, 2018, 07:55:01 PM
Investors will see the quality of the project from the white paper. there will provide complete information and make investors interested in the project.
Title: Re: The essence of reading whitepaper
Post by: Nestle on October 24, 2018, 08:10:08 PM
Not a few projects copying whiepaper from other ico projects. it's a stupid thing as an ico project developer. I always research and focus on reading the white paper from the ICO project.
Title: Re: The essence of reading whitepaper
Post by: Abusadeeq6 on October 24, 2018, 08:12:50 PM
White paper is one of the factors to consider a project as genuine or scam. Reading the whitepaper will elaborate more about the projects and the teams.
Title: Re: The essence of reading whitepaper
Post by: frknbbr on October 24, 2018, 08:34:58 PM
But most of them include more detail which investors mostly cant understand well and very technical. Thats why i look up whitepaper and ico's website together.
Title: Re: The essence of reading whitepaper
Post by: PreshB on October 24, 2018, 08:42:21 PM
The  essence of reading whitepaper  is for us  to have a details information about  a  product or what a product is all about.
Title: Re: The essence of reading whitepaper
Post by: Thegals on October 24, 2018, 10:06:41 PM
By reading and learning the whitepaper will make us know more about the core of the project. And can find out the details and can be used as a reference in following the ICO. Because it can be known that all the advantages in the project from various aspects will be written in detail later. So it is very important to first read the whitepaper before joining the ICO.
Title: Re: The essence of reading whitepaper
Post by: Claus on October 25, 2018, 12:15:26 AM
When you get time to read the whitepaper, you get to know much about the project in relevance to it's team members, roadmap and also the idea and team behind the project.
Title: Re: The essence of reading whitepaper
Post by: donna2197 on October 25, 2018, 01:44:25 AM
Whitepaper is important because using that it enlighten and enhance your knowledge about their project.
Title: Re: The essence of reading whitepaper
Post by: napster on October 25, 2018, 07:02:18 AM
Amazing thing to read them and learn what they are actually planning.

Apart from technological background of the project, you can understand the mental idea of the team, so that you can really decide how they are going to live in the market and if you should invest into them or not.
Title: Re: The essence of reading whitepaper
Post by: Bhussainn2 on October 25, 2018, 07:05:45 AM
Reading the whitepaper will make us know the project clearly and thoroughly. Because all the explanations about the ICO project are written in detail. So reading the whitepaper will make us understand and understand the essence of the ICO project.
Title: Re: The essence of reading whitepaper
Post by: moonking on October 25, 2018, 05:07:51 PM
Whitepapers give investors and bounty participants clue on the authenticity of a project and how well the project can attract investors to itself. This is where the idea, the product, the goal and the roadmap of the project can be found. Always look out for typos and incoherence in information in the whitepaper because scam projects are always prepared in a haste.

So in a way it's like a business proposal for a bank.  I read a couple, and it seems it doesn't describe how they will actually get market share.  Anyone can create an excellent product, but it doesn't mean much.  Anyone can create a youtube clone, but it doesn't mean that it will make millions like the original.
Title: Re: The essence of reading whitepaper
Post by: bagas79 on October 26, 2018, 02:18:17 AM
Whitepaper may be said to be the content of the development of a project that will be made. The importance of reading the whitepaper is to find out the planning that will be implemented by the project, and also as a guide for investors, or bounty hunters to always read the whitepaper so we know what the purpose of the project is.
Title: Re: The essence of reading whitepaper
Post by: lembayung on October 26, 2018, 03:36:14 AM
I agree with this. Indeed, our goal of reading this whitepaper is to be able to understand, what is the purpose of the project, project development, as well as some important things in the Project. whitepaper itself gives us confidence or not a project is good or not, feasible or not and Scam or not. so this can be our consideration for investing in it.
Title: Re: The essence of reading whitepaper
Post by: purpleseven on October 26, 2018, 03:41:39 AM
I agree. all project information is in the white paper. from project objectives to the team that develops the project. but have you ever thought whate paper could be an additional value for a project? I think the market factor will also affect the success of the ICO project in the future
Title: Re: The essence of reading whitepaper
Post by: ipanks on October 26, 2018, 05:31:42 AM
I agree. all project information is in the white paper. from project objectives to the team that develops the project. but have you ever thought whate paper could be an additional value for a project? I think the market factor will also affect the success of the ICO project in the future

We never know about the project because white paper is only giving the outline of the project and I don't think that the white paper provides full information about the project. I see that many white papers based on what they want to give to the people, and the team still need to work hard to make the project success in the future. But at least, by reading the whitepaper, we know what their purposes for creating the project.
Title: Re: The essence of reading whitepaper
Post by: Zoe on October 26, 2018, 05:39:01 AM
the whitepaper is contains important information about a project. it will help the investors to know a project through a whitepaper. besides, with the presence of a whitepaper, the investors will be more trustworty.
Title: Re: The essence of reading whitepaper
Post by: eurcoin88 on October 26, 2018, 06:02:35 AM
Whitepapers give investors and bounty participants clue on the authenticity of a project and how well the project can attract investors to itself. This is where the idea, the product, the goal and the roadmap of the project can be found. Always look out for typos and incoherence in information in the whitepaper because scam projects are always prepared in a haste.

Reading white paper of any project is a must, because it gives an outline about the project. Experts on going through the white paper itself predict how worthy is the respective project. Without going through the white paper making an investment expecting profit is similar to gambling depending upon luck alone.
Title: Re: The essence of reading whitepaper
Post by: hermae on October 26, 2018, 06:30:15 AM
Before deciding what or which ico campaign to join, I really take time to read its whitepaper. For me, whitepaper is the face of an ico and it is very important because it is where you can read the information you need about it. It is where you can see its roadmap and where it is heading from and to. So we should all spend a bit of our time to check and read the whitepaper
Title: Re: The essence of reading whitepaper
Post by: 88percent on October 26, 2018, 08:29:49 AM
The essence of reading whitepaper is to want to know and understand how good the project is, and also how potential the project is and how big the project is in the market. I think the whitepaper gives us an idea of ​​the Project, be it ideas, teams, and so on. I think whitepaper is useful for you in making decisions to invest in a project.
Title: Re: The essence of reading whitepaper
Post by: GREENch85 on October 26, 2018, 12:19:46 PM
Whitepapers give investors and bounty participants clue on the authenticity of a project and how well the project can attract investors to itself. This is where the idea, the product, the goal and the roadmap of the project can be found. Always look out for typos and incoherence in information in the whitepaper because scam projects are always prepared in a haste.
What you suggested as selection criteria is ineffective. Scammers can order the creation of a white paper professional who will make the perfect document that will meet many requirements.
The hardest thing is to fake the identity of the members of the #DevelopmentTeam .
Title: Re: The essence of reading whitepaper
Post by: Judybrown on October 26, 2018, 12:23:39 PM
White paper gives detailed explanation on how the project is like, the achievements made regarding the project and what will be done in the future to make the project successful. It also has legal documents that has been signed regarding the project.
Title: Re: The essence of reading whitepaper
Post by: ipanks on October 28, 2018, 12:33:29 PM
White paper gives detailed explanation on how the project is like, the achievements made regarding the project and what will be done in the future to make the project successful. It also has legal documents that has been signed regarding the project.

Yes, but unfortunately, it's not guaranteed for the project to reach success in the future because it depends on how hard the team works on that project. We need to know everything about the project so we can decide and choose whether the project is good or not. It is better if we can talk with the team so we can add more information about the project.
Title: Re: The essence of reading whitepaper
Post by: Ghozrd on October 28, 2018, 12:47:01 PM
Reading and seeing the whitepaper before investing is a good thing, I see so many ico projects that successfully run fraud in 2018, hopefully investors and bounty hunters are more careful in choosing projects, because if the project is proven a scam they will take your money
Title: Re: The essence of reading whitepaper
Post by: lavoncoin88 on October 28, 2018, 01:55:24 PM
Whitepapers give investors and bounty participants clue on the authenticity of a project and how well the project can attract investors to itself. This is where the idea, the product, the goal and the roadmap of the project can be found. Always look out for typos and incoherence in information in the whitepaper because scam projects are always prepared in a haste.

That's really so much time to learn a project while there's ton of them but I assure that it's really worth it if you really want or about to put your money into such project. Sometimes a bad ICO will have a bad whitepaper and you can find out what's wrong inside the whitepaper like the coin reserved for devs that's too much or something else.
Title: Re: The essence of reading whitepaper
Post by: Graceland on October 28, 2018, 02:00:40 PM
Whitepaper listed is bring more essence of how good the project is, all details was there so you can find how potential the project is with this you can sure that this project is legit so this is the essence of whitepaper...
Title: Re: The essence of reading whitepaper
Post by: hsyncl on October 28, 2018, 02:53:53 PM
Unfortunately, I think the most important thing that needs to be done for bounty campaign or ico investment is that the project should be very well researched. But, unfortunately, most people choose to follow the comments.