What is a Whitelist

A whitelist refers to a list of participants who are approved to participate in specific events. It is used to ensure that only individuals with certain qualifications can join the activity. Currently, whitelist mechanisms are widely used in the information technology field, mainly for spam filtering and content access permissions. Generally speaking, whitelists are related to certain services, events, and identity verification. In the crypto field, whitelists are typically applied to:

Participation in project crowdfunding issuance

For project crowdfunding (such as ICO, IEO, IDO), the whitelist is established by the token issuing organization. The requirements for entering the whitelist usually include a minimum investment amount, having a reputable account, or being invited to participate (with a referral code).

Qualified investors can enjoy exclusive participation rights in ICO or pre-sales, which means they can purchase tokens at a lower price or receive a higher token allocation.

Participation in NFT project minting

NFT projects also have the concept of whitelists. Similar to project issuance, an NFT whitelist refers to the list of participants authorized to participate in NFT sales or markets. This list is mainly managed by the NFT issuer and is used to restrict certain users from purchasing or trading NFTs.

Ways to qualify for the NFT whitelist include: participating in social media activities, joining Discord communities, providing excellent content or ideas, etc. Users who are whitelisted can mint NFTs during specific times and enjoy privileges such as avoiding network congestion or high Gas Fees.

What is an NFT? What are its features? Please refer to the “What is NFT” entry.

Withdrawing funds from centralized exchanges

Additionally, withdrawing funds from centralized exchanges also involves whitelists. Here, a whitelist refers to a list of trusted cryptocurrency addresses, which users can manually add to their trusted list.

After enabling the whitelist system, users can only send funds withdrawn from the exchange to addresses previously added to the whitelist. This process helps users better protect their assets from attacks. **$PEOPLE **$NEO **$CREO **