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What is a Whitelist?
A whitelist is an access control mechanism used in cryptocurrency networks to limit participation in Initial Coin Offerings (ICOs). It consists of a list of approved participants who have met certain criteria, such as providing proof of identity or having the funds necessary to purchase tokens. The whitelisting process ensures that only legitimate and qualified investors can participate in the ICO. This helps protect against fraud and other malicious activities, while also helping to maintain fair pricing for all users. Additionally, the whitelisting process may help provide additional regulatory compliance by ensuring that all participants meet applicable laws and regulations.
