Published
5 years ago on
September 24, 2018
“Technical development always takes longer than promised, but a roadmap gives you an idea if they’re realistic about their goals. If the roadmap states that a mainnet will be delivered within a few months, that would be great, but could also indicate that they’re trying to make a quick buck (unless the started the development way before the ICO of course).â€Other key areas to explore will be the development team, who is involved in the project? The token use and allocation, who is using the token, why is it being used and how is it being allocated? References to partnerships, banks and exchanges are key too, is this a project that is starting fresh, or do they already have industry contacts? What we are trying to say here, is that although they are often boring, hard to read and a little bland, whitepapers should be a key part of your research. If you want to invest in a new project or altcoin, find the whitepaper and make sure it is right for you, this way, you’re simply just protecting yourself from the volatility of cryptocurrencies. Reading whitepapers will in turn allow you to make better investment opportunities, that can only be a good thing. References Blokt
