What is a litepaper? A beginner’s guide on how to write and format it

What is a litepaper? A beginner’s guide on how to write and format it

What is a litepaper?

Briefly put, a litepaper can be considered a teaser version of a whitepaper. It is a shortened more concise interpretation of a whitepaper and serves to pique the interest of curious users and investors. You ’ re probably more conversant with the whitepaper, which is a requirement when launching a blockchain project in the universe of crypto. possibly the most celebrated whitepaper thus army for the liberation of rwanda in crypto history is Satoshi Nakamoto ’ s “ Bitcoin : A Peer-to-Peer Electronic Cash System, ” published on October 31, 2008. today, whitepapers continue to be a valuable source of data concerning a crypto project. however, given the flit attention spans of people in the digital senesce, reading a sixty-page or so text file to see if a undertaking interests you doesn ’ thyroxine heavy practical.

Whitepapers besides tend to buckle down on the technical aspect of a project. Most crypto enthusiasts might take the time to read a highly technical foul newspaper that interests them. however, it ’ s hush not for everyone, specially if you ’ rhenium looking for investors. It might be excessively long-winded, or they might plainly not have the time, despite their interest in or capability to invest in a visualize. Enter the litepaper, which, true to its list, aims to be a lighter interpretation of the more comprehensive whitepaper. thus, technically, what is the difference between a whitepaper and a litepaper ? A whitepaper is long, thorough and technical. much like an academic newspaper, your whitepaper is a well-documented record of all the details your investors would want to know about the project. interim, a litepaper ’ south goal is to provide all the fundamental details about the project while keeping things “ light, ” indeed to speak. It is designed to capture the interest of even those who may not have the clock time or inclination to read a highly technical paper. a lot like a trailer to a movie, a litepaper is short but with adequate details about the project to arouse matter to among its readers. here ’ s a quick comparison of the key differences between a whitepaper vs. a litepaper : Whitepaper vs Litepaper

How to write a litepaper?

once you ’ re ready with your product and are confident about it, the next dance step when starting an initial coin propose ( ICO ) is writing a actually good litepaper. While it might be tempting ( and easier ) to treat your litepaper like a “ stripped down ” or “ boiled down ” version of your whitepaper by good lifting sections from it, it is not something you want to do. alternatively, writing your litepaper should be treated as a momentous first gradation in your ICO travel — it can literally make or break the achiever of your plan. It can much be a electric potential investor ’ sulfur first meet with the ideas behind your project, the inner workings, the applications and more. now, imagine if you were to write down a watered-down lackluster translation of your whitepaper ? Of course, not everything boils down to your litepaper, you ’ ll have to ramp up market and promotional efforts a well. But, let ’ s be real : not everyone will read your integral litepaper. specially in a space where transactions are lightning-fast, people besides won ’ triiodothyronine want to waste their prison term going through assorted pages of something they might not find themselves invested in. Your litepaper on the cryptocurrency project should articulate what your intersection aims to do, how blockchain engineering will be applied within the project and how a token economy can support it. It should besides contain information about your stream team, product, initial numbers, practice cases and applications, a well as projected funds and expenses. equally much as possible, try to keep your litepaper and whitepaper coherent in terms of writing style, speech and tone. The finish is to have a natural run for the lector from your litepaper to your whitepaper. Hence, the same team or person that wrote your whitepaper should ideally be responsible for the litepaper vitamin a well.

How to format a litepaper?

In terms of length, a litepaper should ideally be vitamin a concise as possible, wrapping up all key ideas within seven to eight pages. much like Einstein said, “ If you can ’ deoxythymidine monophosphate explain it plainly, you don ’ metric ton understand it well enough, ” a good litepaper should be brief, yet engaging and informative. therefore, if you can do it in five to six pages, that ’ s even better. The amphetamine limit of a litepaper ’ sulfur length is ten to twelve pages. While you might want to put as many details as possible on the litepaper, you have to remember that its goal is not to reveal everything in one go. You want to create that “ spark ” in people that will entice them to know more about the plan and drive them to read the whitepaper. In the next section, you ’ ll see an sketch and a detail explanation of the components that you should ideally have in your litepaper.

What to write in your litepaper?

then what should a crypto litepaper admit ? ideally, you should have a high-level compendious of your business mind, the problem you ’ ra address, your marketplace and its size, your project ’ second unique measure proposition and other apposite details. Talk about the money you ’ re going to raise and how you intend to use it. a much as possible, veer away from writing down complicated formulas that your general hearing will not understand and avoid elucidating excessively much. Stick to what ’ s essential, and write it like you ’ re writing an elevator sales pitch. Below are the ideal components of a litepaper. note that there might be other details or points of interest you might want to highlight depending on your plan. Feel dislodge to add them as standalone sections or incorporate them within the most allow part. Components of a litepaper

An introduction 

Your introduction is effectively a summary of your integral plan. Make your insertion as plainly worded as possible while keeping it engaging. While writing it, remember the Shakespearean proverb, “ Brevity is the soul of wit. ” As tempt as it may be to try and wow your readers with all the technicalities of the project, steer pass from jargoon or technical lyric for immediately. Your whitepaper will deal with taking your readers through the technical aspects of your project. Crafting your initiation is all-important because it will set the timbre for the entire newspaper. Use clear, concise terminology and focus on what makes your project unique. Your goal is to entice the reviewer to move from the initiation to the other sections and, hopefully, to your token sale. Introduction section of a litepaper Introduction department of Polkadot ’ s litepaper

Outline of the problem

This future section will highlight the problem ( or problems ) that your undertaking aims to address. Again, without going into besides much technical contingent, help the readers appreciate what your project will do. Address how they can benefit from the visualize and issues that your project will make easier by outlining real-life scenarios. In this part, you should besides underscore how big the market is by illustrating how many people in the ecosystem consider with the problems you ’ re going to solve. Try to use as much descriptive and demonstrative speech as possible. Keep in judgment that while you are familiar with your project and how groundbreaking it is, your audience international relations and security network ’ thyroxine ( so far ). so, help them get a clear understand of it through this section.

How you intend to solve the problem

In this section, explain how precisely your project aims to solve the problems outlined in the previous section. There ’ s no motivation to write down complex rule unless absolutely necessary to your explanation. Describe how your solution will operate, what makes it unique and how that will provide users with incredible value. This part should be where you highlight the electric potential of your project. talk about how much bigger the stream market can get and the potential for many early solutions to form from your current project. For exercise, think about the Ethereum ecosystem, which has grown massively and has paved the way for diverse platforms to be built on it.

Quick market figures

hera ’ sulfur where you can bust out the numbers in your litepaper. Use relevant statistics to back up your claims, supporting the thesis that your solution ( the project ) is sincerely a smart, promise and feasible one. This section is where you ’ ll get to drill down your proposition. By presenting adenine much relevant data as possible, you ’ ll help your readers see precisely why your solution will work. Quick market figures (Crypto economics) in a litepaper quick grocery store figures ( crypto economics ) in Cartesi ’ s litepaper

Details on the token you’re selling

Include pass details on the tokens you are selling. Specify how it will be used within the organization, what the issue capital is, angstrom good as the details about the nominal sale model you ’ rhenium using. Indicate if you ’ re using Dutch auction, capped or uncapped with sterilize rates or another token sale model, for example. Various ways of selling token If you are concerned, we invite you to read more about token sale models. Mention your plans for conducting a presale or private sale anterior to the launch, if any. Make certain to highlight that your nominal sale model is friendly to community members and investors alike. Use clear concise lyric and help the lector to understand how the token will be used. Using real-life scenarios here might be a full idea. This section aims to give the reader a picture of how the project will go and how promising the token sale can be.

Information about the DOT token on Polkadots litepaper information about the DOT token in Polkadot ’ s litepaper

History and background of the team

Your team ’ second history and credibility are what investors will look at. Highlight a varied shuffle of specializations within your team, your traverse records, former visualize successes and other relevant data. Since you are launching in the crypto space, it ’ s a given that each founder should already have an established on-line presence ahead. true to the nature of blockchain, founders must besides understand that people need a verifiable on-line history of the team ’ south experiences. This detailed populace record will lend authenticity to the project. transparency in this respect besides addresses any concerns about fraud. ICOs have gotten quite a badly rap because of far-reaching scams that have fooled thousands, given the relief with which scammers can well set up a fake web site, collect keepsake sales and never be seen again on-line.

Website and contact details

This section is very crucial because this is where concerned users and investors will go to know more about your stick out. Make your team accessible through assorted platforms and make sure your web site contains all the relevant information they might need. Embedded links are recommended for a better user experience. Having your readers copy and paste URLs might result in them losing sake or forgetting to navigate to them altogether. Your goal is to make the drug user travel as slowly and smooth as potential. Make certain people can find you easily. Don ’ thyroxine forget to link all of your channels like Slack, Discord, Telegram, Reddit, Facebook, Twitter, etc. Remember that the community is an authoritative aspect of any company, even more indeed for a blockchain company. Website and contact details in a litepaper Website and liaison information on Polkadot and Cartesi litepapers

Software details

This part is dedicated to any technical details required to test your visualize. If, for exercise, your project would require them to download a wallet or other customer software, make indisputable to include any relevant links with flying instructions. This is one of the crucial last stages of your lector ’ second travel and, ideally, they ’ ll want to test out your project after reading the litepaper. Complete details and links about the software will make testing easier and ensure that users download the right software, steering them away from any spam or malicious versions.

Important things to keep in mind while writing a litepaper

As with any writing attempt, there are no intemperate and fast rules when writing a litepaper. Since it ’ s a more creative counterpart of your whitepaper, there are sealed writing guidelines that you can follow to ensure that your output will capture the pastime of your readers. We ’ ve compiled a tilt below of general guidelines to follow when writing a litepaper :

Distribute content into smaller more readable sections

Stay aside from writing long chunks of textbook inside paragraph. alternatively, keep your sentences brusque and limit your paragraph to around 60 words. This makes your paper easier on the eyes and less boring to read.

Help readers see your project’s potential

Keep in take care that while you and your team are well mindful of your project ’ s potential, your readers are barely hearing about it. Help potential investors see how they can benefit from it by articulating your ideas well. Since most of your readers will likely be crypto investors, you can besides mention your nominal sales compendious sail to drive your point better.

Use flowcharts and diagrams to support your claims

When defining the current market site, make indisputable you always pivot back to how your project can address certain gaps and problems in the contemporary apparatus. This will help investors, ampere well as exchange platforms, see your imagination. Illustrate and bolster your points by using clear well-laid-out flowcharts, maps and diagrams to help readers visualize data distinctly. Use tools like Lucidchart and OmniGraffle to create diagrams, technical architecture and more.

Build up investors’ confidence in your team and work

Your litepaper is a bang-up plaza to highlight your team ’ south credentials and work experience. Feel release to write engaging content around each founder ’ mho achievements concerning crypto and how every penis ’ sulfur singular background has contributed to creating a capital project. A impregnable and have team is one of the most important things that investors look out for when deciding whether to support a project or not. This is not the place to shy away from detailing your achievements to support your credibility, so be generous with the relevant details.

Speak their language

Depending on your prey consultation, you ’ ll want to adjust how you write your paper. Once you ’ ve figured out who you ’ re trying to reach, choose an emergence or “ trouble point ” that is interesting to them. It can be a common problem in the industry that they ’ ll associate to. You can besides use lawsuit studies and success stories to help your points come across intelligibly.

Be engaging but still professional

Your litepaper is not a web log post, so while you ’ ra working to keep things equally engaging as possible, remember to keep your language on the professional side. not highly conventional but not excessively fooling either.

Work on your intro, and then re-work it

Stephen King once said “ To write is homo, to edit is divine. ” Keep this in beware when writing your introduction. After you ’ ve completed drafting your litepaper, traffic circle back to the introduction to see if it ties in well with the other parts. As mentioned earlier, a good introduction will catch your subscriber ’ s attention correct off the bat and entice them to read the integral text file.

Emphasize the value your project will create

Use your litepaper to highlight your degree of expertness and insight and how your project can help your readers in its own unique manner. Offer your readers helpful information to help them see your period and paint your project angstrom accurately as possible while emphasizing its prize proposition.

Start with an outline

Organize your draft by starting with a clear outline. You can use the sections we outlined above and then tweak them to fit your project better. Having an draft will help facilitate the menstruate of your litepaper and will lend a feel of organization. Your goal is to lead them from the intro ( piquing their curiosity ) to your web site, software and reach details ( prompting them to take action ).

Don’t overthink your draft

once you ’ ve outlined what you want to write, go ahead and type off. Don ’ deoxythymidine monophosphate worry besides much about editing until you ’ ve completed your first gulp. Just suffer started, particularly while your ideas are still fresh. You can always edit and polish your draft subsequently.

Proofread, proofread and proofread

After you ’ ve edited your final examination text file, go back over it to ensure that there are no mistakes. A paper filled with misprint and grammatical mistakes might deter your readers from reading any farther, so make surely to proofread at least thrice before considering anything final. If possible, ask person else from your team to proofread your document since another fit of eyes might give you a new position and besides help spot errors you missed. Read the wallpaper out loudly to check if it flows well and is interesting.

Don’t neglect design

Keep things interesting by incorporating clean design elements into your litepaper. A well-designed newspaper doesn ’ deoxythymidine monophosphate have to be complicate, it entirely has to highlight the contents of the wallpaper. Choose a design layout that doesn ’ triiodothyronine brush with your project ’ s concept or take away excessively much attention from the text.

Litepaper design (Polkadot)

Litepaper design ( Polkadot )

Follow up with ways you can help

If your plan aims to help your readers via the use of a merchandise or serve, make certain to mention it. Highlight your vision and make certain to convey the estimate or story behind your project.

Litepaper examples

It ’ south important and helpful to review what ’ s been published by peers and competitors. Go over litepapers of successful and possibly even less successful projects to get a gain mental picture of what a good litepaper looks like. Check out these examples of actual crypto litepapers below :

You may besides find articles on fundraising helpful, vitamin a well as other how-to guides when raising funds for a crypto project.

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