Crypto Whitepaper: The Ultimate Guide for Beginners

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1 year ago
Crypto Whitepaper: The Ultimate Guide for Beginners

Crypto Whitepaper: The Ultimate Guide for Beginners

 

Crypto Whitepaper

 

$13.7 billion.

That’s how much Initial Coin Offerings (ICOs) have raised in the first half of 2018 alone!

When you consider the fact that that’s nearly double of what ICOs raised in the entirety of 2017, you can see why they have become such a hot topic.

Before ICOs became a household name, companies in the fiat world were already doing IPOs or Initial Public Offerings. The idea is very simple. Private companies become publicly traded by selling shares of their company to the public. IPOs require a lot of due diligence, formalities, and paperwork. Because of this, several deserving companies lost out on lucrative opportunities.

This is when ICOs came in and changed everything.

BGMEM v1

(NOTE: We are NOT saying that it is a good thing that ICOs doesn’t do so much due diligence.)

Developers and entrepreneurs finally had the chance to raise millions of dollars without going through excruciating paperwork. The only thing that they had to do was to present a whitepaper.

Now, consider this for a moment.

The entire fortune and the future of the company, is revolving around the quality of this whitepaper. This is the reason why it is so important to get the whitepaper right. This single PDF, if done correctly, can fetch you millions of dollars in under 24 hours.

What is a Whitepaper?

Crypto Whitepaper

According to