Today, we’re discussing What do you mean by White Paper in Crypto Projects? use of white paper, Info. in a white paper, and other necessary things which are necessary for coins.
A white paper is an overview of a crypto-currency created by the team behind the coin. The white paper would include a large array of information from details on tokenomics to partnerships and the team behind the project.
The white paper would usually be on a project’s website and is key when researching new projects and doing fundamental analysis.
A few things to look out for in a whitepaper:
The team behind the coin – make sure that the people working behind the project are qualified, look for previous projects they have worked on. Big names would support the integrity of the project.
Tokenomics – the tokenomics is esentially the supply, demand, allocation and price aspects of the coin. This would be useful in spotting any pre-sales.
The functionality of the coin – this is one of the most important things to look out for. Know your coin. Understanding the function of the project itself is a good way to know the future potential of the coin.
Example
COTI markets itself as the first enterprise-grade fintech platform that empowers organizations to build their own payment solutions as well as digitize any currency to save time as well as money. COTI is one of the world’s first blockchain protocols that is optimized for decentralized payments and designed for use by merchants, governments, payment DApps, and stablecoin issuers. COTI Pay is the first application. It describes itself as a fully encompassing finance on the blockchain. The COTI Group launched in March 2017, while the Staking Platform Launched on Jan. 1, 2020. It is an ecosystem that is designed specifically to meet all of the challenges associated with traditional finance, including latency, fees, global inclusion, and risks. This is done through the introduction of the DAG-based protocol as well as infrastructure that is completely scalable, private, inclusive, and fast.
