Hire a Writer and Lawyer Before Publishing a Cryptocurrency White Paper – TechCrunch

In theory, crypto White papers are stilted scientific documents intended to describe a complex and precise method of creating unique blockchain products.

In practice, however, white papers are often a marketing game intended to help crypto startups generate earned media. Even so, they are still in high demand – in certain situations.

To find out what kinds of white papers resonate with potential supporters and investors, I asked a number of crypto creators: what does an effective white paper look like in 2022, and is it still a hard requirement?

Do you need a white paper?

The short answer is “yes”, but a number of industry changes are reshaping the way participants and investors look at white papers. Traditional scientific white papers are being abandoned, replaced by documents that look more like a well-designed financial prospectus.

A great white paper should show that the project is transparent. Kolapo Akande, founder of Pledge Utility Coin

We’ve seen a number of white papers in the form of PowerPoint-style presentations or even videos. Regardless of the format, to achieve the primary goal of defining the type of product you build, this document will require input from a wide range of stakeholders.

For tokenized securities, for example, whitepaper authors must work with a legal team to ensure they accurately outline a project’s parameters and regulatory compliance. If it’s a fintech product that doesn’t contain client crypto or fiat currency, it can afford to be a little less regulated. That said, in some cases a white paper will be an integral part of the start-up strategy.

“Many financial parents or exchanges are not permitted to offer securities, which is why they would consult the token issuance white paper or memorandum during their due diligence,” said Yana Afanasieva, CEO and Founder of Competitive. Compliance.