Flash Review of Torum's White Paper V2.0
Submitted to the Torum Founders Group:
I just did a hyper-scan of the Torum White Paper V2.0.
"Holy $hit! Did you guys bring in a pro to write V2.0?"
The Torum White Paper I read 24 days ago: (IJCH) Micro-Critique of the TORUM Project's White Paper is not in the same league as V2.0!
V2.0's format, flow, grammar and syntax surpasses the last three White Papers I've read this week in both readability and ascetics.
I like the nod to the current DeFi phenomenon, plus the well-known social media platforms that are squarely in "Torum's cross-hairs".
The clear and simple explanation of Torum's XTM tokenomics is virtually "Marine Proof". I was happy to see a fund set aside for post-hack recovery and legal defense against malicious or fraudulent litigation.
The "About the Author" style Mini-Bio's at the end was a nice touch. It gives the paper an honest, "down-to-earth" flavor and captures the youthful spirit of the team.
Furthermore, it showcases the wide variety of business and technical skills that, in the aggregate, represents a solid, well-rounded and formidable Founder's Group.
Given that I read V2.0 while walking my dogs, I would have to reread it while stationary to craft a formal critique.
That's probably why it ain't gonna happen!
The only suggestions I can think of right now are:
- Incorporating the new "TGE" (Token Generating Event) terminology wherever ICO would normally be used.
Why the new acronym?
Because there's still a lot of "guilt by association" to past ICO failures.
Additionally, there's a large vocal group of legacy butthead lawyers claiming it (ICO) misleads investors into thinking that ICOs have the SEC's "Seal of Approval" and "Proven Investor Safeguards" as IPOs.
Wait a minute.
Does that mean the 2008 Global Financial Crisis never happened?
And I guess shaking a plate of jello doesn't look like a fat hooker on a cold night either?
Ok, back on topic - suggestions for the next iteration of Torum's White Paper:
Table of Contents where a chapter/topic is hyperlinked to its section of the paper.
If the goal is to be truly newbie-friendly, any crypto or blockchain term/acronym should be defined upon its first appearance in the paper or include a "List of Terms and Definitions" (in the Front Matter or as Appendices, your choice).
Well, that wraps up my flash opinions on the Torum White Paper V2.0 and a few "off-the-top-of-my-head" suggestions for future iterations.
Well done, folks!
May you and yours be well and love life today.
JaiChai 12-25-2020. Simultaneous multi-site submissions posted. All rights reserved.