If you want to raise funds in a crypto market through an ICO, STO or IEO, you need to prepare a whitepaper first. To start a crypto project, you need to build tokens and a whitepaper. It is like a business plan for the entrepreneurs and business proposal for the investors. The decision of whether to invest or not invest in the project depends on the whitepaper. Investors will buy the tokens only if they like the whitepaper. Every ICO, STO and IEO has a whitepaper.
A whitepaper is a document which contains all the important information about the project. It contains information like problems, team players, risks associated, funds usage, revenue model, competition, and more. It is basically the first thing the investors check before making the decision. If the whitepaper is interesting, innovative and transparent, the project can get many investors. Because of this many entrepreneurs approach professional companies providing Initial Coin Offering Services, STO Development Services and Initial Exchange Offering Services. They help in developing a whitepaper for the crypto project.