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Five Useful Tips To Write A Winning Ico White Paper
A white paper is a crucial element of an ICO project, and the drafting of this document plays a pivotal role in its success. It works as the explained manifesto of a business, which presents everything in detail. Unlike other proposals, a whitepaper for ICO explains the usage of blockchain along with cryptocurrency.
It is clear here that you will have to focus on drafting an ICO whitepaper if you are serious about making your ICO project successful. Here are five useful tips for your support:
1. Comprehend investors’ mindset
To draw the attention of potential investors, you need to understand what makes them get attracted to a project. In several cases, it may not work. So, you need to ensure that your white paper for ICO will appeal to investors in a large number. Keep in mind that investors presume risks in which you find the opportunity. Therefore, it’s your responsibility to draft a whitepaper that can lower investors’ assumed risks and build trust in their minds.
For this, you can develop a team of professionals having different business and technical skills. Highlight the areas where your solution has a remarkable benefit over the market competition. Further, you need to convince your probable investors what is best for them in your project, as your project is based on blockchain and cryptocurrency.
2. Conduct in-depth research
The success of your ICO whitepaper relates to your conducted research level. Before you start drafting this document, you must do a comprehensive market study. With this, you will be capable of deciding a practical business model with an address to your customers’ pain points. Interact sincerely with probable investors, ask the tough questions that they might have, and figure out the best possible answers.
3. Note down the pitch
The outcomes of your conducted research have a pivotal role here. It is essential for you to analyze the information before you start drafting a white paper for ICO. You should prepare answers to questions like:
What are you doing or going to do?
Why is your ICO project better than prevailing others?
Why are your team members the best one to complete it?
4. Accentuate key teammates
Produce an overview of professionals working with you on this project. You should disclose their achievements along with their skills and experience. Attach their LinkedIn profile links to this document to make them variable. Engage business and technology experts in your team to differentiate yourself from others in the crowd.
5. Mention ICO numbers
It is the last point, but not the least one. In the ICO whitepaper, you should clearly mention the number of token along with its distribution & allocation after catering to the soft cap. Further, you should note down pre-sale bounces, referral rewards, and incentives. You should mention each detail related to the usage of tokens to make investors unable to find blank spots. Investors will verify your produced information. So, ensure that each word in this document is from an authentic and reliable source.
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