DCX academy: DCX216 – the whitepaper

Notes on Apr 5, 2022

9:22  minutes

Crypto Academy - Technical Ninja

Risk Disclaimer: Trading can contain substantial risk and is not suited for every investor. An investor could potentially lose all or more than their initial investment. “Risk capital” - is money that can be lost without jeopardizing one’s financial security or lifestyle.  Only “risk capital” should be used for trading and only those with sufficient risk capital should consider trading. iMarketsLive is not a licensed financial advisor nor does it give out financial advice. The user of IML products and/or services assumes full risk and responsibility for their trading activity. Past performance is not indicative of future results. Individual results will vary due to a variety of market and timing conditions.

  • What is a White Paper

  • Why the White Paper is important

  • Common Characteristics are important

  • Red Flags in a White Paper

  • Things you can do to effectively Research

*Cryptocurrency Whitepapers


The White Paper

A White Paper will provide the public information about any particular project.

Usually, quality White Papers include details about what is looking to be accomplished, why the team believes this product is needed and innovative enough to create, a roadmap that provides a timeline of milestones, and the methods for achieving any goals that have been set. 

If the project is holding an initial coin offering you will also find how they will distribute tokens.

Be mindful if there is any key information being left out of the white paper or project website if the project has any legitimate usability and it’s good practice to verify the team member's credentials and involvement with a project because this information can be misrepresented.

*IOTA

*Finecoin

*howeycoins

In Summary: Cryptocurrency white papers allow us to gain more knowledge about a particular project. It’s always best to make educated decisions with any investments so remember Research is important!