Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: gurunanakji777 on November 30, 2018, 03:24:34 PM
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Many fake ICOs are ruining the credibility of the ICOs. They offer tempting benefits in the whitepaper but in reality it is altogether opposite. How to avoid such fraudster and what we can do to get rid of them? Can we do something?
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Many fake ICOs are ruining the credibility of the ICOs. They offer tempting benefits in the whitepaper but in reality it is altogether opposite. How to avoid such fraudster and what we can do to get rid of them? Can we do something?
No it's not but it's advisable to read them. Some of the ico do something very abstract to its white paper
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We can't escape from them and things are getting complicated. Some whitepaper are well articulated and the team don't contribute and follow the whitepaper. Something has to be done
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Many fake ICOs are ruining the credibility of the ICOs. They offer tempting benefits in the whitepaper but in reality it is altogether opposite. How to avoid such fraudster and what we can do to get rid of them? Can we do something?
Whitepaper is just words and anyone can write them till how bombastic as they want whether is the team able to fulfill them we does not have any clue at all. From what i see is that crypto investors trend is slowly moving towards the ICO MVP to decide will this ICO be a potential ICO to invest in. Don't just read whitepaper, you can understand more from whitepaper but the team members and what platform they are doing is a more important factor to attract investors fund.
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If it is too goo to be true, then it is probably a fraud. If you have doubts whether or not the team can deliver what is written in their whitepaper, try to ask them further details in their telegram/discord/slack. If they're just giving you generic answers, then you might want to stay away.
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It is unlikely that we ourselves will be able to avoid frauds on the part of the ICO teams that make up good fake documents for holding an ICO. I hope for further regulation of the activities of ICO by the states that will check the ICO team and their documents in order to protect the rights of investors and at the same time headhunters.
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Whitepaper is important to know what the project is and what will be its features. However it's possibile that it is "fake" so I personally check also team using linkeding and ask directly to telegram group some questions to check if project is real and legit before investing in it.
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If anyone planing to invest in a project , white paper should not be the only source to relay on . There are other ways to search for the project and making sure that it is to right one to go after .
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These days fancy whitepapers mean nothing, this is because we've come to find out these guys contract the writing of these documents to professional to make it more appealing to the investing public. Some are even copy of existing projects. It's therefore, not something you should rely on 100% to invest in an ICO.
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White papers are meant to contain the ideas behind projects but now most are just notes of empty promises.. Team doesn't follow roadmap and its main ideas looks different on the outside
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You can read the details of the whitepaper before investing in Ico.Be sure there are no mistakes in writing sentences in the whitepaper because if there is an error they usually do it in a hurry. And look at the team description of the project you are following. Do they have a good team from the crypto background they already have. the active team on the project also affects the project. if they have a good team. they will post every activity carried out by the team in each place on social media.
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I think even if the good words written in white paper can used into scam, the reality of a project is not based on white paper it's based on the team of a project if they really wanted to success they must be true to their customers and community.
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I used to read the whitepaper before investing. Although there are several other ways besides looking at the whitepaper. I spend a few hours and ask about the purpose of the product they have. Why is the template very important because there are all information such as road maps and some goals to be achieved by the new project
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It is true that the whitepaper is very useful for us to read the information we need about the ico, because in it we can find what project they offer, the roadmap and the people behind the project. But there are also some times that even if we read the whitepaper, we could not avoid being trapped in frauds and scams. So, I think it is also best to check the admins and ask more information through telegram, because if these people behind this ico is really sincere about their project, then they will get back to you and give you honest answers.
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I think it is not a reality of a project, it is just a proposed plan of the project intend to look, although most projects try the best to be accomplished according to the white paper.
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We cannot determine a trusted ICO based on the whitepaper only. I never think the whitepaper is all about the project, we need to study more parts of the project. The information from the social media and many proven sources are needed to analyze a project. This is the true way to avoid fraudsters.
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Nowadays, it is very difficult to believe in Whitepaper. Everything can be manipulated there. The picture of team profiles, concept, plans, and other parts are needed to take attention in details.
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On each new coin we can see the purpose of the project by looking at the road map and whitepaper, but when the whitepaper they have has something in common with other projects to eat, investors will think to invest and will see developments and see the active members of the #DevelopmentTeam on that project
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Many fake ICOs are ruining the credibility of the ICOs. They offer tempting benefits in the whitepaper but in reality it is altogether opposite. How to avoid such fraudster and what we can do to get rid of them? Can we do something?
For me the whitepaper is just an elephant inside the Box! Base on my experience the ICO's and Crypto startups wanabee has change a lot since 2015 we cannot predict who is totally true or just a drawing in the paper? Thats because the ICO's are not regulated the team who created the crypto-platform has no liability at all and thats bad.
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People always say that Whitepaper is very important and I do agree with them but you have to analyze the whitepaper not just read it, anyone can write an amazing whitepaper that is way far from the reality of a project. The whitepaper is very important to analyze not just for a fast read.
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The current whitepaper cannot be used as a reference to see the project as real or not, try to communicate with their team to find out more if they provide an unconvincing answer I think you better leave the project
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We can only avoid it. We can't do anything. And as far as I know, there are no regulations governing ico. So there are still many fake ico popping up.
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People always say that Whitepaper is very important and I do agree with them but you have to analyze the whitepaper not just read it, anyone can write an amazing whitepaper that is way far from the reality of a project. The whitepaper is very important to analyze not just for a fast read.
I agree with this answer. Yeah, most of people only read the whitepaper and not really analyze it with correct ways. We must take attention with whitepaper since many cases of fake pictures, plagiarism, and many others on whitepaper. It is a warning for all crypto users.
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The answer is yes and no.
Yes because many whitep per are a true reflection of the project while no, because some many white papers are not a true reflection of the project and what it stands for.
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Not even a guarantee. i have seen many whitepapers that are copy and paste. so many with errors in their write up. do not trust whitepapers. it is just an imaginary of what to be archive. remember some might not even do one-quarter of what they wrote in their whitepaper. some will even edit their whitepaper have way to the project.
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it is very difficult to avoid scam projects or fraud unless you understand the concept or scheme of the ico project you choose. many only copy copies of WP content from existing projects. I suggest, research the project you want to follow before investing there.
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The White Paper is one of the important points in choosing ICO. The better the content and quality of the whitepaper, the better it is to consider being chosen. Be careful and learn the information before investing, because there are many ICO scams that appear in this digital world.
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Many fake ICOs are ruining the credibility of the ICOs. They offer tempting benefits in the whitepaper but in reality it is altogether opposite. How to avoid such fraudster and what we can do to get rid of them? Can we do something?
Whitepaper is meant to give an overview and sometimes an intensive view into what the projects plans on doing. It is rather unfortunate some scam projects present catchy whitepapers to lure investors. To avoid these scam projects require extensive research into the project by first looking into the profile of the team members. Are they what they present themselves to be? Check their partners and confirm from social media accounts of those partners (these partners normally announce their partnership on their social media). This is one clue that can help in identifying scam projects on the market.
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I suggest to not think that Whitepaper is all about the project. We cannot believe in a project based on the good appearance of its whitepaper only. Do research! Ensure that all contents are not fake or plagiarism. Then, google to check more detail information about the team profiles and the project identity.
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white paper is the definition of the project. it was written to give investors the view of the project. It's reality I think! But their are so many factors that effect the the substance of the paper. Anyway, I would always recommend to read the whitepaper before investing to the project.
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In most cases, Whitepaper is not true. The team of a project violates all deadlines, doing something that is not intended by them.
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Many fake ICOs are ruining the credibility of the ICOs. They offer tempting benefits in the whitepaper but in reality it is altogether opposite. How to avoid such fraudster and what we can do to get rid of them? Can we do something?
Nope, whitepaper is only an idea of the project and nothing much more. But creating a perfect whitepaper is essential to a project to succeed. Do not focus much on the whitepaper rather focus on the product and development of it.