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White Paper(s)

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by COINS NEWS 68 Views

A couple years ago before I really started to take this seriously I had a friend as me a simple question when we were talking about some potential investments down the line.

He asked “have you read the white paper?”

I honestly had no freaking clue what he was talking about. After a few seconds of awkward silence I swallowed my pride and asked him “wtf is a white paper?”

As found on google:

A cryptocurrency whitepaper enables projects to explain their products and goals to their audiences. Projects can freely choose what kind of information they want to provide, but whitepapers usually include an overview of the project's goals, tokenomics, products, features, and information about the team

I’m not here to shill any project in this post but any potential investment in this space has a white paper. Some white papers are more lengthy than others. I encourage you to read a coin / tokens white paper before pressing that buy button.

Thanks for taking the time to read. I hope this post can help someone out or at least start a healthy conversation.

submitted by /u/Sugar_Phut
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