Search

What is a Whitepaper?

Updated: Feb 8

With thousands of Cryptocurrencies to choose from it can be hard to single out the good from the bad. Social media outlets like Tik-Tok and Instagram are flooded with cryptocurrency influencers claiming to have found the next 10x token that will make you fortunes. However, this often isn't the case and is one of the most common ways that new investors get drawn into Crypto scams such as rug pulls. This is why it’s important to DYOR (Do your own research) and not just rely on advice from other people, at the end of the day it is your money you're investing. There is no better place to start than a Whitepaper.



Whitepapers

Most companies exist to solve a problem. When a company intends to release a cryptocurrency they usually create a document that explains how it's going to work, here are a few common things you may find included in a whitepaper:

  • A brief summary or overview of the project so that investors can quickly find the important information without viewing the entire whitepaper.

  • The reason for the project or the problem that they intend to solve for example expensive fees and slow transaction times on cross border payment.

  • Some form of plan for how they intend to use the project to solve the problem sometimes called a “Roadmap”.

  • The team, introducing them and their roles in the project. Arguably one of the most vital pieces of information in a whitepaper as a good team with respectable knowledge/history in the space is key for creating a...

For the full article see our membership options below.

https://www.cryptoverseltd.com/monthlymemberships




76 views0 comments

Recent Posts

See All

Web 3.0