White Paper Tips

[mrquackquack]

Looking to be given some white paper tips and pointers that members would be looking to see i.e. supply so on and so forth.. Any information will be appreciated from project developers to complete noobs, are all welcome. Thanks again.

[1714836176]

1714836176

[1714836176]

1714836176

[1714836176]

1714836176

[DarkDays]

1. Include a section that clearly explains the legal status of the crypto coin, e.g. whether it's considered a utility token or a security token, and quote relevant legislation to back this opinion
2. Definitely include a page that highlights the team and explains their experience and credentials in relevant fields, nobody wants to invest in a project developed by nobodies
3. Explain how you'll ensure the token doesn't crash the moment it hits an exchange like 99% of projects

[mrquackquack]

ok legal status, what is that? Is that when you get big or what?

[pooya87]

in a cryptocurrency white paper you are supposed to introduce the innovation that you had come up with and the technology of your "new" cryptocurrency. basically it should contain these parts:
1. a summary or introduction explaining in one paragraph what the coin does
2. a short optional page about what others have done and how your new coin differs from about 20000 altcoins before it
3. the biggest part is the explanation of the technology and the innovation. it should point out all of them and have a short explanation of each.

things such as supply and the team do not matter at all.

as a good example you can check out the paper of the only successful cryptocurrency here: https://bitcoin.org/bitcoin.pdf as you can see there is no mention of bitcoin supply, bitcoin team, legal status,...

[mrquackquack]

What would be a good technology for a coin?? Also does supply tend to sway the investors?

[DarkDays]

ok legal status, what is that? Is that when you get big or what?

When I referred to the legal status, I meant how regulatory bodies would see the crypto token you offer.

E.g. would it be classified as a security token, security-like token, utility token or something else?

Normally, you can get a rough idea which category your token would fall into by measuring it against the Howey Test

Blockonomi covered it quite succinctly here: https://blockonomi.com/howey-test/

[mrquackquack]

Also lets say on a ICO how much should the coins be sold for? lets say on a supply of 10 billion coins.

[aioc]

Looking to be given some white paper tips and pointers that members would be looking to see i.e. supply so on and so forth.. Any information will be appreciated from project developers to complete noobs, are all welcome. Thanks again.

When it comes to whitepaper let the experts do this for you, you can find them in the service section, they will ask you all the information they need to give credit on your whitepaper, they also have whitepaper, creator on Fiverr, although the price is quite high, but you can get a professionally written whitepaper.

[pooya87]

What would be a good technology for a coin??

that is something you should be able to answer yourself. and if you can't do that then it means you have zero knowledge of cryptocurrencies and as a result you shouldn't attempt creating a new one until you gain that knowledge or you end up with yet another useless copycat altcoin that dies in a short time.

Also does supply tend to sway the investors?

to some extent. for example if an altcoin has a supply of 100 billion, then people aren't so happy about investing in it but on the contrary if it has a small supply it doesn't mean investors would rush to buy it.

Also lets say on a ICO how much should the coins be sold for? lets say on a supply of 10 billion coins.

since many consider ICO to be a scam then how much you sell the useless tokens for depends on how many fools you can find to dump the useless token on them...
and such "fools" became extinct by the end of 2017.

[mrquackquack]

So how would you properly distribute the coin or token if mining wasn't an option?

[mrquackquack]

Also wouldn't it build value in the coin or token if people actually had to pay money for it?

[pooya87]

So how would you properly distribute the coin or token if mining wasn't an option?

when you call something a "coin" or a "cryptocurrency" then it has to be acting as a coin or a currency. a token doesn't do anything, has no usage and the only purpose it has is for the creator to make quick money.

Also wouldn't it build value in the coin or token if people actually had to pay money for it?

people ARE paying money for the coin when they mine it, even in PoS system where there is no mining they are still paying money to earn the coin. the difference is that they aren't paying the developer to receive the coin that he created out of thin air! instead they pay money for their electricity, computing power,... to work (work in PoW or transaction processing in PoS) and earn the coin. that way they are rewarded for their work and contribution to the network.

[o_e_l_e_o]

As pooya has rightly pointed out, this sounds like it is just another trash token designed to make you money and achieve nothing.

What would be a good technology for a coin?

Whatever technology has a problem that you are solving specifically with a cryptocurrency or token. If you have to ask this question, then you haven't thought this through at all.

If you are creating a new coin or token, your first step should be to identify a problem which could be solved by, and only by, a new coin or token. There's no point creating a project and then trying to shoehorn it in to a sector. There's no point creating a project to solve a problem which can be solved with a much simpler solution. What problem will your project solve?

The fact that you have jumped straight to "How much should I sell my ICO for?" and "How will it build value?" before you have even thought of why you are launching this project, as I pointed out above, suggests you this whole scheme is to make you money rather than to develop a working product.

[mrquackquack]

Well no offense but well nevermind.. I appreciate the comments.

[mrquackquack]

Also what problem/problems need to be addressed?

[Docnaster]

As pooya has rightly pointed out, this sounds like it is just another trash token designed to make you money and achieve nothing.

+1

This guy clearly doesn't understand that a project should be designed to fit the market, you can't just throw a bunch of variables that sound good together and hope that it comes out with something passable.

The cryptocurrency investment community has had its hands burned dozens of times by empty projects that promise much but deliver little, I don't think many people will be fooled again.

No doubt this whitepaper relates to his wacky crypto-powered internet idea that he has no chance of accomplishing.

[mrquackquack]

haha.. i think its the other post you're talking about but nice to see you're here too

[Theb]

Clearyly you are in by no means of creating a whitepaper nor even start a project of your own. At your OP you are just looking for some quick pointers on creating your whitepaper but your follow up questions are simply questions that a developer should already know or at least have an idea about it. My advice is if you are still clueless about on starting a project and you think that it's easy to create a crypto/token because of the Ethereum and NEM blockchain then you must stop with your plans right now and just observe ANN threads of ICO projects and their whitepapers to gain some basic knowledge on starting your own ICO. Real and ambitious projects are not made overnight, it takes a lot of time and planning for you to even have the idea of creating a crypto.

[Josefjix]

Clearyly you are in by no means of creating a whitepaper nor even start a project of your own. At your OP you are just looking for some quick pointers on creating your whitepaper but your follow up questions are simply questions that a developer should already know or at least have an idea about it. My advice is if you are still clueless about on starting a project and you think that it's easy to create a crypto/token because of the Ethereum and NEM blockchain then you must stop with your plans right now and just observe ANN threads of ICO projects and their whitepapers to gain some basic knowledge on starting your own ICO. Real and ambitious projects are not made overnight, it takes a lot of time and planning for you to even have the idea of creating a crypto.

I was just about saying this untill I read to your reply. How can one consider writing a white paper without a proper knowledge of what he/she is writing about? That's is basically clueless.

Most of the failed projects are borne out of this same dilemma reason, we have too many unsuccessful altcoins in the market.

[stomachgrowls]

Clearyly you are in by no means of creating a whitepaper nor even start a project of your own. At your OP you are just looking for some quick pointers on creating your whitepaper but your follow up questions are simply questions that a developer should already know or at least have an idea about it. My advice is if you are still clueless about on starting a project and you think that it's easy to create a crypto/token because of the Ethereum and NEM blockchain then you must stop with your plans right now and just observe ANN threads of ICO projects and their whitepapers to gain some basic knowledge on starting your own ICO. Real and ambitious projects are not made overnight, it takes a lot of time and planning for you to even have the idea of creating a crypto.

I was just about saying this untill I read to your reply. How can one consider writing a white paper without a proper knowledge of what he/she is writing about? That's is basically clueless.

Most of the failed projects are borne out of this same dilemma reason, we have too many unsuccessful altcoins in the market.

You should be careful next time on bumping threads that havent been discussed for how many months.

In the thing you do said which you do really got the point. Most projects are just copying to each other and the market doesnt really need repetition or being flooded
by worthless tokens/coins.
When it comes to WP and asking on what most people do look first .

•Whats the project is all about
•Explain on how it differs into other projects or coins that do exist
•Technical aspect
etc.