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Why do you need a White Paper?

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If you have an ICO do you need a white paper?

Yes.

Will people read it?

No.

Well some will read it, but some people also bought One Coin and Ripple, so it’s not a very good argument.

So why do you need a white paper then?

That is actually quite complicated question to which no has an exhaustive answer, except that it’s an industry standard. Interestingly, for an industry so young as ICO it’s incredibly established already. First ICOs had white paper, so everyone else followed them. Probably because the great father Bitcoin also had a white paper, but Bitcoin at least ...

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