– a detailed write-up about a blockchain or cryptocurrency project, designed to solicit interest in the project and drive investment. Usually contains the terms of the token sale, composition of the teams, and roadmap.
The first whitepaper was written by Satoshi Nakamoto to explain the Bitcoin project. All major market cap cryptocurrencies were also launched with a whitepaper.
They are very useful.. here's our guide to understanding them..
You considering investing in that ICO?
Not sure yet, haven’t had a chance to review the whitepaper.