Skip to content
Home » Recent posts » Advice on writing your crypto whitepaper 2023

Advice on writing your crypto whitepaper 2023

Advice on writing your crypto whitepaper in 2023

1. Determine your target audience (all projects have one): Before you start writing your whitepaper, it’s essential to define who your target audience is and what they need out of your whitepaper. Think carefully about the questions they would be asking and what topics are most relevant to their situation to win them over as they learn about your project and vision.

2. Establish a clear purpose: After you narrow down and figure out the scope of your whitepaper, decide what its primary purpose will be and make that very clear. This can be accomplished by creating an executive summary that sits at the start of your whitepaper. Whether you want to educate your audience on a specific topic, promote a product or service, or make an argument for a certain point of view, be sure to clearly define this in the introduction/executive summary.

3. Research thoroughly and the research some more: Do some research into the industry or field that you’re writing about in order to understand the current climate and what others are working on. Presentation of accurate facts is very important when creating a whitepaper—it can hurt your credibility if your whitepaper contains misinformation or false claims.

4. Include visual elements: Although whitepapers are traditionally text-heavy documents, it doesn’t hurt to add visuals that can help the reader understand things from a visual perspective. This could include charts, graphs, diagrams, images or even videos that help bring the content to life for your readers. Try to keep any visual elements simple yet professional-looking.

5. Proofread and revise: Don’t forget to proofread your whitepaper draft several times before publishing it! Make edits based on feedback from colleagues or external sources if necessary.

This is what your whitepaper should tell the reader

1. The problem your proposed solution addresses

2. How the proposed solution works and its technical process

3. What benefits it provides to token holders, users and/or stakeholders

4. How it is different from competitors and existing solutions

5. The team behind the project and why they are the right team for the job

6. The roadmap and timeline for the projects development

7. Any relevant information such as partnerships, resources, funding etc

8. The token economics which includes variables such as new mint, vesting schedules, ILPs, etc

8. Relevant case studies or proofs of concept (a good spot for some visuals)

9. Analysis of strengths and weaknesses of the project (let’s readers know you’ve thought of potential weaknesses)

10. Where they can learn more, stay up to date, and join your growing community

The most famous whitepaper in the crypto space – The Bitcoin Whitepaper!

The Bitcoin whitepaper, released by Satoshi Nakamoto in 2008, outlined a peer-to-peer electronic cash system. It proposed the use of a decentralized ledger to store and transfer value, using cryptography to secure transactions. The paper also examined potential solutions to the double-spending problem that had plagued earlier digital currency efforts. This solution used “proof-of-work” consensus protocol in order to reach distributed agreement on which version of the ledger should be considered valid. The Bitcoin network incentivizes nodes (also known as miners) to secure (or “mine”) this ledger by rewarding them with block rewards when they successfully validate blocks of transactions using their computational resources thereby generating new bitcoins. The Bitcoin whitepaper also showed how the proposed network would provide incentives for running full nodes as part of the network – thus making Bitcoin a trustless, permissionless and censorship resistant system along with introducing an economically driven model that reduces external entities’ ability to manipulate its price or its supply. The Bitcoin whitepaper was only 9 pages long, yet was able to show the readers how it could challenge the status quo and introduce new features that could change the financial landscape as it was known at the time.

Need help with your whitepaper?

If you need help with your whitepaper you can reach out to us and let us know what stage of your whitepaper you are currently at. We can help by introducing you to experienced whitepaper writers, editors, and publishers.