What are Crypto Whitepapers? This is the meaning and function

We will review about the crypto whitepaper. Of course, we need to understand this before deciding to trade crypto assets.

Maybe there are still those who don't understand what a crypto whitepaper is. Therefore, let's look at the review!

Also read: $VCG Token Listing Immediately on Indodax Starting March 10, 2022

What are Crypto Whitepapers?

A crypto white paper is a document that provides an explanation of a crypto project from concept, goals, technology to a roadmap.

This document is made for all potential investors so that they get a detailed understanding of the crypto assets to be purchased.

There are a number of things that should be included in a crypto whitepaper.

Reported from coinmarketcap.com, A white paper is a document explaining the purpose and technology behind a project.

Usually, there are diagrams, statistics and facts to convince potential investors to buy crypto assets.

Things that need to be conveyed include the background of the crypto project to programs that have been and will be running.

In addition, it also conveys the problems that are currently emerging and the solutions offered to the potential that can be obtained from a project.

Then, it is also necessary to include a roadmap and plan for the development of these crypto assets.

Thus, investors get complete information about the offered crypto assets.

Also read: What is CrossChain? This is the definition and explanation!

Crypto Whitepaper function

There are a number of functions especially for potential investors and also crypto project owners.

Let's see the review!

Information

Crypto whitepapers are needed to convey information about a crypto project for potential investors.

So, they really understand what products, services and technologies are used in a project.

We need to provide detailed information about the token development potential in it.

In addition, make sure that the whitepaper contains facts that have occurred.

In delivering it, we also need to use technical language so that it is easy for potential investors to understand.

The benefits and uses of these tokens also need to be conveyed in detail.

As an example, $VCG Tokens has several uses including:

• VC Markets
• Staking
• NFT Marketplace
• NFT GameFi Launchpad
• RansVerse

Also read: Getting Crazy, VCG Token Will Be Used in Raffi Ahmad's RansVerse

Introducing Products

The function of the next crypto whitepaper is to introduce the product to potential investors.

The document can also be an indirect promotional tool.

Because, potential investors will know what projects exist and will be carried out.

In addition, companies need to include the benefits and solutions of the products offered. Both for now and in the future.

This can make investors interested and decide to participate in an existing project that has been prepared in the roadmap.

Also read: look forward to it! VCGamers Will Prepare NFT Marketplace Platform

Helping Decision Making

The existence of a crypto whitepaper will make it easier for potential investors to get information about the company.

It will be easier for them to decide whether to invest or not in a crypto project.

As investors, we can compare crypto assets and others by looking at the white papers that each company already has.