First of all, there is no such standard format that needs to be followed in order to frame your ICO white paper. All you have to mention is the need of bringing in the blockchain technology and the benefits the investors will get as a result of this project. These two points need to be crystal clear in your white paper, apart from these there certain guidelines which needs to be followed as a basic one. iStudio Technologies is an expert to do Whitepaper and we are Best ICO Whitepaper Development & Best Marketing Agencies in India.
It includes the details regarding the reason behind creating the white paper i.e. explaining the business concept, need for blockchain implementation, and benefits for investors. Moreover, it also includes the details regarding legality terms and conditions like ICO token distribution, ICO token usage, and ICO token value.
This most important crucial part of the whitepaper structure which acts as a game changer either way. Here you literally need to explain the working scenario of your project step by step in order to convert your listeners into potential investors.
Here you need to discuss in detail regarding the implementation of your blockchain project ideation in real world application, the actual need for it, and the way your project can possibly solve the existing problem and cater the benefits to the particular industry.
Token distribution must withhold complete information regarding price, sales details, distribution approaches, unsold numbers, fees, and costs of an ICO token.
This is one of the common approaches handled by any kind of business startup irrespective of its industry. Here you will be analyzing about the current blockchain market, competitors in it, their financial situation, and striking future trends. This will equip your idea and results in framing a better whitepaper.
You must really be having a team to carry out your process that will be performing several responsibilities. Giving details about them shows your transparency nature towards your investors.
Thinking about the other side is highly necessary in order to take an informed decision in your whitepaper proposal. This is more of like conducting SWOT and PESTEL analysis about you to know where exactly do you stand. What need to be done for betterment? This analysis must be done in the blockchain concept and ICO promotion perspective.
It is your primary duty as a blockchain startup to narrate the usability of your token and its role in promoting the project and developing the same.
Before discussing about the white paper advantages, you must be clear that this is highly mandatory and needs to be submitted at any cost.
First and foremost advantage is a well framed whitepaper will give you standardization among the ICO community.
Utilizing bounty programs to its core is one of the smartest moves in promoting your ICO.
Promoting your concept and ICO through blogging is the most standardized, and at the same time it yields fruitful result.
registering yourself in the ICO listing websites like CoinRating will legalize you, and also sends a strong message to the community that you are involved in some serious business and promoting your ICO.
As an investor one must know that ICO is not totally safe at every point of time, they are also responsible to find the fraud whitepapers narrating the idea of lame blockchain startups. So, how can these are detected? There are few simple tricks to identify them like: