A whitelist is a list of approved individuals, companies, or other entities that are granted access to a resource, system, or network. In the cryptocurrency world, a whitelist is often used in Initial Coin Offerings (ICOs) to restrict participation to only those individuals who have been pre-approved.
An ICO whitelist is generally open for a set period of time before the actual ICO launch. During this time, interested individuals can sign up for the whitelist.
Once the ICO launch date arrives, only those on the whitelist will be able to participate and purchase tokens. .
The reason for using a whitelist in an ICO is to ensure that only serious and committed investors are participating. This helps to avoid scams and also prevents the ICO from being overwhelmed with too many participants.
If you’re interested in participating in an ICO that uses a whitelist, be sure to sign up as early as possible to ensure you get a spot.