In the world of cryptocurrency, a whitelist is a list of participants who have been given the go-ahead to take part in a specific event, such as an ICO or an IEO (IEO). It is employed to guarantee that only those who meet the requirements can take part.
You'll get several benefits when you are whitelisted in cryptocurrency. You will have access to take part in an Initial Exchange Offering (IEO), an Initial DEX Offering (IDO), or a cryptocurrency presale. You will give personal information, such as your name, email address, and a government-issued ID, throughout the whitelisting procedure (in most cases). Your eligibility to participate in the sale and your identity are confirmed using this information. You will get an email with information on how to buy the cryptocurrency during the sale.