Does white paper page count affect the amount of money raised via ICO?

Quick Take

  • Statistically significant: Increasing the length of a white paper by 1 page is predicted to increase the amount raised in an ICO by around 1%
  • Robustness: This result is robust to seasonal trends in cryptocurrency fundraising in 2018
  • Next Steps: We would like to extend our results to pre-2018 fundraising efforts and introduce white paper language features in our future modeling efforts
The Block recently looked at the relationship between white paper length and dollar-amount raised via ICO. Here, contributor Michael Rosenberg and The Block’s own Mike McCaffrey begin to explore the relationship between the two variables more formally. Introduction Within the cryptocurrency markets, there has been a recent uptick in white-paper length. Between Q1 2016 and […]

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