{"id":6661,"date":"2019-08-05T07:36:12","date_gmt":"2019-08-05T07:36:12","guid":{"rendered":"https:\/\/qa-front.dev.techhub.cloud\/blog\/?page_id=998"},"modified":"2024-04-18T09:48:26","modified_gmt":"2024-04-18T09:48:26","slug":"what-is-a-whitepaper","status":"publish","type":"glossary","link":"https:\/\/paybis.com\/blog\/glossary\/what-is-a-whitepaper\/","title":{"rendered":"Whitepaper"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">New companies always present their idea to investors using a compact business plan. Most often, that is a paper that explains the idea in detail and gives information regarding their future plans. So, what is a whitepaper and how is it similar to this?<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What is a whitepaper?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In the context of cryptocurrency, a whitepaper is a business document that contains all the important information that potential investors should know about. This helps readers get a clear overview of the cryptocurrency startup behind the whitepaper and consecutively gives a good idea on whether or not a financial investment in the project is in their best interest.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whitepapers usually start by explaining a current, pressing problem and continue by introducing their project as the solution. They also offer a roadmap for their long-term plans (for those who plan to <a href=\"https:\/\/paybis.com\/blog\/glossary\/what-is-hodl\/\">HODL<\/a>), as well as a detailed breakdown for the distribution of the funds they hope to raise.\u00a0<\/span><\/p>\n<!--[if lt IE 9]><script>document.createElement('audio');<\/script><![endif]-->\n<audio class=\"wp-audio-shortcode\" id=\"audio-6661-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/10\/47-What-is-a-whitepaper-and-why-do-new-crypto-projects-need-it.mp3?_=1\" \/><a href=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/10\/47-What-is-a-whitepaper-and-why-do-new-crypto-projects-need-it.mp3\">https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/10\/47-What-is-a-whitepaper-and-why-do-new-crypto-projects-need-it.mp3<\/a><\/audio>\n<h2><span style=\"font-weight: 400;\">Why new projects need a whitepaper<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">With <\/span><a href=\"http:\/\/www.coinmarketcap.com\"><span style=\"font-weight: 400;\">more than 2300 cryptocurrencies<\/span><\/a><span style=\"font-weight: 400;\">, new crypto-projects are struggling to get the attention they are hoping for. Aside from that, many new cryptocurrencies are not trying to solve any existing problems and have weak business models that raise red flags or, at least, many question marks. As such, and in order for a new cryptocurrency to receive backing, following their marketing efforts, they need to present valid reasons behind the creation of their coin or token. And this is why such new projects need a whitepaper.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the context of cryptocurrency, a whitepaper is a business document that contains all the important information that potential investors should know about.<\/p>\n","protected":false},"featured_media":0,"template":"","glossary_letter":[296],"glossary_term":[276,284],"class_list":["post-6661","glossary","type-glossary","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is a whitepaper and why do new crypto projects need it? - Paybis Blog<\/title>\n<meta name=\"description\" content=\"What is a whitepaper and why is it so important for new cryptocurrency projects? 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