What Is the Role of Financial Projections in a Whitepaper versus a Business Plan?

In a whitepaper, financial projections are often high-level and focus on the token's market size, potential adoption rate, and the economic model (tokenomics) that supports its value. They tend to be less detailed on traditional profit and loss statements.

In a traditional business plan, financial projections are detailed, multi-year forecasts including revenue, expenses, cash flow, and profitability, crucial for securing equity investment. Whitepapers focus on network value and token utility, while business plans focus on company profit.