What To Do To Make Your ICO White Paper Readableby David H. Creative Content Writer
Drafting a project for ICO White Paper is a crucial step. While writing it, ensure that the document should be the one probable investors would love to go through it. With this, you can expect success in drawing investors and raising funds.
ICO is a stage when a crypto startup is trying to raise funds for development. However, it is not literal for all initial coin offerings projects. Besides, some of the ICOs make a plan to expand the businesses they are running.
Unlike Initial Public Offerings (IPO) in stock markets, a central/local government does not regulate ICO. It is only the trust that governs a crypto ecosystem. As an authority has no control on an ICO project, so your investment has zero protection. In spite, many crypto projects are coming in the market across the globe. An ICO White Paper is an essential document, and most of the businesses get it written. You need to follow the steps mentioned below if you want that investors read your whitepaper:
Register your company just after you give a physical presence to your startup. By registering your company, you will ensure that the project has the support of a valid firm. It builds trust among investors, as your investors will easily find you by tracking the history of registered companies online.
Mention the product/service that your ICO project is proposing. Explain how your product/service would be workable
Specify the problem that you are going to solve. Note it down how efficiently your team will address the issue.
Do in-depth market analysis. If there are solutions to solve the same problem you will do, mention it efficiently.
Find out the prototype available in the market. If there is no prototype existence, ensure the availability of the prototype and successive product/service with dates.
Appeal for PESTEL analysis. As a thumb rule, unregulated crypto space has discounts on the political pillar (P in PESTEL).
Disclosing the critical members of a team is essential to a project. It is the same for an ICO project too. It means you should explain the leadership team. For verification purposes, you can link their LinkedIn profiles for their identity. It will help you build and increase trust among investors.
Ask some established organizations for endorsements. It can help you win the heart of your investors.
Finalize the symbol for your token and register it on an authentic blockchain.
Work on the growth prospect while drafting a white paper for ICO.
Make the use of distinct crypto exchanges. Ensure that you list has all the popular exchanges.
Keep in mind that crypto exchanges are private and any government/authority regulates. That’s why crypto exchanges are the way to buy/sell or trade ICO tokens.
Mention the buying pressure would be on the tokens, as trading starts. With this, you can estimate the growth of tokens.
Never underestimate the distribution of tokens. Identify the spread of tokens. You should clearly mention the number, distribution, and allocation of tokens for the whole project. Also, disclose incentives and referral rewards.
Besides, you should use simple language and follow the draft while writing your ICO White Paper. Explain the technical terms you have used in the document. It will make the paper readable for investors.
Created on Oct 4th 2019 06:33. Viewed 274 times.