How to use a white paper to judge whether a blockchain project is reliable

The white paper contains the main content of a blockchain project and can be said to be the facade of a project.

Reference to the definition of Wikipedia: The

white paper is the official authoritative report or guide designed to accurately convey complex concepts to the reader and demonstrate the logic behind it. The focus is on helping readers understand concepts, solve problems, and make decisions.
There are actually many aspects and aspects of the white paper that can be studied and judged. In general, projects should publish white papers. If a project does not have a white paper, then it is worth noting. (Of course, this is not a project that does not publish a white paper. It must be a junk project. Some projects such as LOOM do not publish white papers, but they are also a team that works hard.)

According to the Wall Street Journal earlier this year, 1450 project white papers were reviewed. Among them, 271 white papers covered "white paper content plagiarism", "a clear commitment to future expectations", and "management team fraud, or even no such existence" and many other issues, indicating that there are many problems that can be reflected from the white paper. The following is only to judge the risk aspects of a project from the basic aspects of the

white paper : 1. See if the main content of the white paper is complete and the structure is reasonable.
Project white papers usually include brief introductions, industry backgrounds, project technology solutions, team members, consultants and investors, token distribution, and development planning. The above is just the basic content, and some projects will add some other sections according to their own situation. If some projects lack technical solutions, team information, and important content for token distribution, and there is no reasonable explanation, it is worthy of caution.

Pay attention to the unreasonable distribution of white paper content. For example, some project white papers seem to have a lot of content, but most of the space introduces the industry background and current problems, pain points, and the important technical solutions and innovative words of the project are not detailed, and should be taken care of.

1. Look at the white paper for some basic errors and problems.
   The basic error mainly refers to whether the white paper is more or less wrong. The details of the design, format, layout, and section of the white paper are not shoddy. If even such an important white paper document is flawed and shoddy, ordinary people can see the problem, at least that the team is not rigorous. A project does not pay attention to the white paper on behalf of the project "facade" documents, so the team's professionalism is to ask a question mark, such a project is undoubtedly a risk.

2. See if there is a large plagiarism in the white paper.
   The white paper is an important dimension in judging the risk of blockchain projects. Therefore, it is necessary to check whether the white paper has a large amount of plagiarism. Some white papers copy the background information, copy the technical schemes of other projects, steal other people's photos or materials, and even model portraits in overseas libraries to act as “false” foreigners. People pretend to be tall. If the above situation exists, the basic moral literacy of team entrepreneurship may be lacking. It is likely to be a money-sending project. It is best not to touch such projects.