White Paper is a document that outlines the details and specifications of a project or cryptocurrency. It provides a comprehensive explanation of the project's concept, technology, goals, and implementation plan. Typically, the White Paper is published by the project's team or founder to introduce their idea to the public, investors, and potential users.
In the context of cryptocurrencies, the White Paper often includes information about the underlying technology, such as blockchain, consensus mechanism, tokenomics, and any unique features or innovations. It may also cover the project's roadmap, team members, token distribution, and the problem the project aims to solve.
The White Paper plays a crucial role in helping investors and the community understand the project's vision, technology, and potential value. It is often considered an important resource for evaluating the legitimacy and feasibility of a cryptocurrency project.