... The lack of regulation in the space, means many ICOs don’t have a track record that serves as a point of reference, and as such, any unexpected moves by a company can leave investors feeling on edge.
Kevin Hobbs, CEO of Vanbex, believes white papers are a double-edged sword. They’re essential to attract investors, but on the other hand, they “can be detrimental to the ecosystem as more often than not, they’re never followed precisely.”
“It often leads to eventual disappointment and lack of confidence amongst cryptocurrency investors,” Hobbs added.
A deviation, though, is not always indicative of untoward intentions. Many projects start off promising everything and anything, but it eventually becomes apparent that their vision and mission was too grand and thus impossible to achieve...