Crypto White Paper Support
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BrightNode supports your team through the process of writing your crypto white paper or litepaper. We work in partnership with you, thereby ensuring we have a deep understanding of your product or service. This makes us uniquely positioned to communicate your value proposition in a crypto white paper.
What is a white paper for crypto?
A crypto white paper or Web3 white paper is a detailed description of the project, targeted at users and investors. It allows your audience to assess the prospects and benefits of your blockchain solution and your tokenomics strategy. This, therefore, gives them the relevant information for deciding whether to fund or adopt your service. The quality of your white paper is closely correlated with your project’s chances of success, blockchain solution and your tokenomics strategy. This, therefore, gives them the relevant information for deciding whether to fund or adopt your service. The quality of your white paper is closely correlated with your project’s chances of success.
A crypto white paper is the key tool to attract the attention of potential investors. In other words, it will help you to secure the necessary capital to carry out your project. BrightNode specializes in white paper and litepaper writing. Indeed, we can write a tailored white paper explaining how your project leverages the potential of Web3 and blockchain technology.
What should be in a crypto white paper?
A Web3 white paper should present all the important details of the technical, financial and business aspects of your crypto project. The content must enhance the reader’s understanding of your value proposition. The tokenomics data should be represented in charts and graphs and then summarized in one or more tables.
There is no one-size-fits-all approach. Despite this, a typical crypto white paper for a project implementing a Web3, blockchain or tokenomics solution will include:
- Challenge
- Solution
- Features
- Services & Use Cases
- Tokenomics
- Technology
- Market
- Roadmap
- Team
How do you write a good crypto white paper?
There is no one-size-fits-all approach. Despite this, a typical white paper sets out to ensure that the following points are clear to your readers:
- What problem are you trying to solve with your crypto, blockchain or Web3 project?
It must be immediately clear why your project was created and the problem that your solution will solve. Furthermore, this is your opportunity to differentiate yourself from any existing solutions. The challenge/solution sections of your crypto white paper will be the key areas that present this information. Additionally, the market analysis component of the white paper will demonstrate how your solution fits within the current market.
- What Layer 1 or Layer 2 blockchain technologies will be applied?
BrightNode’s customers cover a wide spectrum. GameFi clients might be considering a Layer 2 blockchain solution to save on gas fees charged on Layer 1 (L1). DeFi clients, for example, may propose a novel blockchain solution with faster L1 transaction throughput, or an advanced security model. Service model clients may be applying existing blockchain technology to solve a real-world pain point for consumers. Not all projects will have chosen the crypto technology stack in the early stages. On the other hand, for some, technology is an integral component of their value proposition. Either way, you should explain the technology being applied to the project in your white paper.
- How does the investor benefit from the Web3 technology / blockchain / coins or tokens?
BrightNode’s customers cover a wide spectrum. GameFi clients might be considering a Layer 2 blockchain solution to save on gas fees charged on Layer 1 (L1). DeFi clients, for example, may propose a novel blockchain solution with faster L1 transaction throughput, or an advanced security model. Service model clients may be applying existing blockchain technology to solve a real-world pain point for consumers. Not all projects will have chosen the crypto technology stack in the early stages. On the other hand, for some, technology is an integral component of their value proposition. Either way, you should explain the technology being applied to the project in your crypto white paper.
- What is your token’s utility?
If your primary audience is investors, then it is vital to clearly present the benefits of investing in your project. Perhaps you have chosen an IFO, ICO or IDO route. Alternatively, you might just be looking for a handful of investors/advisors. The funding models available are myriad. Whatever path you choose, though, the benefits to the investors must be clear in your white paper.
- What is your tokenomics strategy?
If your project aims to release a crypto token, it is vital to clearly define any additional utility it offers. For example, tokens may be required for the community to wield governance rights within a project. Perhaps you are minting NFTs (non-fungible tokens) that confer ownership of another asset, right to governance or to stake assets. There are numerous utility tokens in the crypto space: it is vital to clearly differentiate the purpose of yours tokenomics strategy. An investor audience will need to understand your project’s tokenomics. For example, how many pre-mined coins will you distribute and what proportion of coins are assigned to the team? Another element is the lock period that applies to the pre-mined coins. Your tokenomics strategy will be unique to your project, and investors need to understand your approach from the outset.
- How is the project being funded?
Most clients approach BrightNode because they want to create and define a robust tokenomics strategy. An investor audience will need to understand your project’s tokenomics. For example, how many pre-mined coins will you distribute and what proportion of coins are assigned to the team? Another element is the lock period that applies to the pre-mined coins. Your tokenomics strategy will be unique to your project, and investors need to understand your approach from the outset.
- Who is working on the project?
Unless you are the next Satoshi Nakamoto, when you create a white paper, you have probably secured funding already. It is, therefore, worth expanding on who your existing backers are.
- What is your roadmap?
Admittedly, talent is not easy to find. When you have secured yours, your Web3 white paper gives you the opportunity to highlight your team’s credentials and experience. This will, of course, help to establish your credibility.
Your investor audience will be well aware that the roadmap is a flexible concept. Even so, they need to understand what your anticipated budgets are and what the funds will be spent on. The roadmap also gives you the opportunity to expand on the promising developments that lie ahead.
