What Is the Role of a Whitepaper in Assessing an ICO’s Legitimacy?

A whitepaper is a foundational document that details the project's technology, use case, team, tokenomics, and roadmap. It is crucial for assessing legitimacy because a well-written, detailed, and technically sound whitepaper suggests a serious, well-planned project.

Conversely, a vague or plagiarized whitepaper is a major red flag for potential fraud.