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Discussion on: Product Preview: Seqton - Blockchain Outsourcing Easily

makiten profile image

you need to fill up mostly with BS (even if your product is good and you could sum it up to one sentence to anyone you need to [...])

I felt like the only one who felt this way. Way too much busywork to demonstrate you're trustworthy. (Kinda ironic that you need to show you're trustworthy on a trustless system, though.)

laszlolm profile image
Laszlo L Mari Author • Edited on

This is kind of an untold secret. I don't like keeping secrets though. It's totally obvious that out of those 20 pages a product can be summed up in 2, a business plan in another 2 and the blockchain bit usually in one. This is counted with graphics. The rest is clutter and ICOs pay a heavy price (usually over $4000-5000) to fill up the rest of the pages by one of the 'blockchain copywriters'.

I would say it's useless but it actually isn't. If we look at the stats, companies tend to raise a lot more if they have a long whitepaper than the ones who only had budget / energy for a shorter one.