ico development

How pivotal is a well-drafted whitepaper for ICOs?

 

There are many things that make an ICO successful, the most important being the idea itself. And to convey this Idea to the investor, you need a strong medium which could portray your vision with transparency and efficiency. Whitepaper (in context of ICO) is a digitally formatted content for the viewing of prospective investors to check the feasibility and potency of the project.

Striking cord with the investors

Year 2017 saw a massive rise in ICOs, as a result, whitepapers also got the due attention as it represented the whole idea the project. Therefore drafting a whitepaper is probably the most important job part the project owners have to pay heed to. Its importance is not really hidden from entrepreneurs who are ready to spend a significant amount for drafting a whitepaper. This has resulted in the risen demand of professional whitepaper writers.

Hiring a professional writer has also become necessary for the projects now. Earlier, the whitepaper was written by the development team itself. But the need was felt for a skilled writer because of the lack of convincing power the original drafts had which were created by the project owners’ themselves. The way project owners presented the project was very was technical and didn’t strike the cord with investors.

Read More: Basic Points Every ICO White Paper Should Cover

Making technicalities easier to understand

Writers add flair to the whitepaper, they make it impressive and convincing. It is not that the facts are exaggerated or anything is hidden from the investors. But the approach taken by writers is an attempt to present the project in the most feasible manner. The fact that whitepaper is written for convincing the investors to invest in the project makes it different from the business proposals.

It just does not present the business but it tries to convince the readers to invest in the given project. This makes whitepapers a completely different document and enhances its value. A whitepaper writer has to understand the concept of the project and has to define the technicalities in the easiest way. Many of the projects are into deeper aspects of technology and they have to be understood thoroughly by the investors.

Hire a professional for your project

If the reader does not find a connection with the project, he/she will not really be interested in investment. That’s why, you need a writer who could bridge the gap between the reader and the proposal. Their job is to maintain a balance between craft and technicality. They make the toughest concepts understandable to the common audience with the help of infographics and various other things.

They have to relate to the concept of the project and interpret it in an easy manner so that it convinces the readers. You may have to find a writer with a little technical knowledge if you have a highly technical project. Coin Developer India is a blockchain and cryptocurrency development company that provides whitepaper writers who are experts in different domains and can deliver exactly what you require.