What Is a Whitepaper in the Context of an ICO and Why Is It Important?

A whitepaper is a foundational document published by an ICO project that outlines the project's problem, solution, technology, tokenomics, roadmap, and team. It serves as the primary technical and business proposal for potential investors, explaining the project's vision and utility.

Its importance lies in providing transparency and technical depth, allowing investors to assess the project's viability and innovation. A well-written whitepaper is crucial for establishing credibility and attracting serious investment.

It details the underlying blockchain technology and its implementation.