Why is White Paper Important?

[Suba]

In the crypto world, a white paper is a document that contains detailed information about a crypto project such as goals, technical details, operational mechanisms, development team, tokenomics, roadmap etc., whitepapers are usually published before the ICO is launched to the market. For developers, white papers are also used as a promotional medium to attract investors, and for investors, whitepapers are often used as a guideline for making decisions to buy or not.

 

[riberet19]

The whitepaper is important because it contains the main idea of the project and its long-term objectives, giving a general idea of the project to interested parties and potential investors.