Whitelist
By CoinGecko | Updated on Mar 03, 2020
In the context of the cryptocurrency industry, a trader will be placed in a whitelist after completing some form of KYC checks, which will allow the trader early access to a token sale event. Typically, traders wants to be placed in a whitelist as that puts them in a potential advantage as they can purchase the token prior to a public token sale at which the coin will be sold at a higher price to the public.
Related Terms
Buy the F***in Dip (BTFD)
An encouraging rally by asset/cryptocurrency supporters to buy during a price decline
IPO
Initial Public Offering (IPO) refers to the process where a public company offers newly issued shares to the public and as a result raise capital from public investors.
Consensus
Consensus is achieved in a blockchain system when all participants agree on the content of the next block that will be added onto the blockchain.
Turing-Complete
A "turing complete" code or blockchain refers to the ability to read program-written codes.
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