Why would use a white paper? Well, the whole point is to basically give so much detail that someone who doesn't have a clue about what you do, can be really interested and want to be a part of it one way or another. more technically, the idea is to provide problems and solutions and describe how they exist and how your product or solution will make them go away or make them better. In this paper, it gives you a chance to discuss how and why the blockchain could assist your idea. You'll go in detail and talk about your product and your plan. Basically, what are you going to do and why you're going to do it?
And, you know, number one, you want to raise money. And that's the whole point. You know, you need a basis to ask for the money. You need to explain the idea be persuasive, and be compelling. And that's what it gives you an opportunity. It's a base for You to take that moment to be persuasive and one big, complete document.
Beyond that is the industry standard. So, no one has an Ico without a white paper or a tech product without a white paper. more effectively, you want to answer all questions before they even ask. So essentially you making your life easier by spinning this little bit of time poring over this huge document and making it perfect. Perfect. So, now that we asked a bunch of questions, we'll dig into the individual sections.