What Is a White Paper?
A project’s white paper typically includes details like tokenomics, the roadmap, and purpose. It serves as a great way to explain a project in detail, acting as a key component in giving cryptocurrency projects legitimacy.
Why Are White Papers Important?
Projects that include white papers often are seen as more trustworthy, offering transparency as they give a deep-dive explanation for potential investors. A white paper is generally more on the technical side and can be difficult to comprehend for beginners in the crypto space. However, they tend to have visuals to illustrate their purpose, including diagrams, statistics, and facts to ensure they offer potential investors a full explanation.