The Importance of a Quality Whitepaper for Your ICO

Given the current competitive climate when it comes to launching an ICO coupled with the bearish trends of the crypto market, projects who decide to continue with their launch must be perfectly on point to make investors see them as a worthwhile investment. Nowhere is this more important than in the case of a Whitepaper.

This will be the first piece of information that any investor worth their salt will study deeply. Therefore, the importance of a quality whitepaper cannot be over stated. Here are a few more reasons why you should write one more draft if you are planning an ICO:

Reputational Importance

The first thing which will raise red flags to potential investors is a poorly written whitepaper. This could be in terms of grammar and spelling, the information you have included (or failed to include), or even the design and layout of the paper itself. These are all key drivers to deciding how your paper is received, and as history and human nature tell us, it is very difficult to recover from a poor first impression.

Compliance

Regulatory matters are having a more and more profound impact on the behavior of new projects. These will only continue to get sharper and more focused on the entire market. That is why you need to be proactive in your approach, staying completely compliant with all current regulation, and taking every step necessary to preemptively stay one step ahead of future regulations.

Structured Progress

The Whitepaper of any project will be a core point of reference as you move forward in the future. This is true as much for founders as it is investors. It should provide you with clear and detailed guidance on where you’re positioned and what your goals are. A good Whitepaper can be referred to, and learned from in times of need for any company or investor. It will also keep you mindful of the projects intended direction and act to redirect you if you are deviating from that course.

A quality whitepaper should be a collaborative effort, though you can likely find some professional writers from an agency or independent platform such as Upwork to complete your Whitepaper.