Whitepaper: what is it and why is it needed?

In the crypto space, Whitepaper is the foundational material when launching new projects. This document contains a detailed description of the technology, goals, tokenomics and other important aspects. Interested investors and users turn to Whitepaper to understand how promising the project is, what problems it solves and what benefits it brings. In this article, we will analyze what Whitepaper is.

Whitepaper is an official document describing the concept, goals and technical details. It gives potential investors and users a complete understanding of how the platform, blockchain and what problem it solves work.

Informing investors: A detailed description of the project, its values ​​and mechanics of work.
Transparency: Demonstration of goals, roadmap and funding mechanism.
Technical justification: Explanation of technologies and algorithms used in the project.