Whitelisting

Whitelisting refers to the process by which certain individuals or entities are given special access or privileges to participate in events such as token sales (ICOs), airdrops, or decentralized applications. Whitelists are used as a form of pre-approval, allowing selected participants to gain early access or exclusive rights to purchase tokens, use services, or receive airdrops. In initial coin offerings (ICOs), whitelisting is often used to limit participation to verified individuals, ensuring compliance with regulations such as KYC (Know Your Customer) and anti-money laundering (AML) requirements. Whitelisting helps ensure that a token sale is not overwhelmed by bots or malicious actors. For example, an ICO might require participants to join a whitelist by submitting personal information and passing a verification process before they are allowed to purchase tokens. In the NFT space, whitelisting can also be used to allow certain users early access to mint new NFTs before they are available to the general public. Whitelisting adds an extra layer of security and exclusivity to blockchain projects and events.