What is a crypto whitepaper and how to write it?

Bitcoin’s. released white paper was a huge step in todays technology. However, nobody expected it, history has shown that it revolutionised not only financial system, but also approach for decentralisation.

Why well formed whitepaper is the key for successful web3 project? What it should consist… and more, you will find in this material.

Agenda:

• Intro,
• Definition,
• What should it consist,
• How to write whitepaper,
• Conclusion.

Definition

Crypto white paper is the crucial thing to attract investors and audience for community. Easily said, whitepaper is the detailed instruction targeted to users and potential investors. What is worth to mention, the quality of the instruction has huge impact on success of the project.

What should it consist

Whitepaper should consist few most important topics. The most important ones are financial, technical and business aspects. The description should be easy to understand, and include a lot of valuable details.

Moreover, this document has to represent tokenomics data, which are the fundamental part of crypto project. The best way of showing this, is to make graphics and charts.

More subjects which should be included:

• Challenge,
• Solution,
• Features,
• Services & use cases,
• Tokenomics,
• Technology,
• Market,
• Roadmap,
• Team.

How to write a whitepaper

From above sections, it is known what to include in whitepaper, but the next question is: How to write a good whitepaper.

Author should be focused on answering few questions:

• What problems this project will solve?
• Which tech stack, blockchain, layer of blockchain will be used?
• What benefits gives this projects by implementing web3? Why it will be better than standard Web2 project?
• What is the tokenomics strategy, token’s. utility?
• How it will be funded?
• Who stands behind this project? How community will be built?
• How looks the roadmap?

Conclusion

Writing whitepaper is the most fundamental part of starting web3 project. Every person who is looking for investors and members in community, has to get acquainted with rules of creating good white paper. It can not be underrated.

Moreover, every investor and developer joining the project, should read this document to prevent jumping into pyramid scheme or organization focused on extorting money.