Whitelist

A whitelist  is a database containing a set of names that are verified and considered trustworthy by a group or an authority. In general, a whitelist may include IP addresses, e-mails, domains or telephone numbers. It is a tool mainly used in the cybersecurity field.

Whitelisting can also be used for email marketing, i.e. the sending of promotions or communications through the use of email, and in the management of computer software.

In the world of cryptocurrencies, the whitelist can be used to indicate all addresses to which it is safe to send withdrawals or transactions, or to grant selected users early access to NFTs (acronym for Non-Fungible Token) collections or ICOs (Initial Coin Offerings).

An NFT whitelist is a database of users whose wallet address has been verified and approved by the creator of the NFT collection. Generally used for the launch of a new NFT initiative, the whitelist allows supporters of a project to have early access to digital works or to receive exclusive content, without having to deal with competitors. The further in advance someone is of other interested buyers, the greater the likelihood that they have access to rare NFTs.

Whitelists also allows project creators to bond with their community by rewarding the most active users.

An ICO, i.e. the funding of a crypto project prior to its actual launch, can also involve a whitelist. Users registered in an ICO whitelist are guaranteed to participate in the ICO and are generally given the opportunity to purchase tokens related to the project in advance of the general public.

Becoming part of a whitelist requires significant research work, focusing on emerging crypto projects. Once an ICO or NFT initiative has been identified, it is important to interact with the relevant community by accessing the social channels shared by the project creator. 

Each initiative has its own rules for inclusion on the whitelist: in some cases it will be sufficient to share the required information, in others active participation in the community will be rewarded.

In general, each user must implement protective measures to avoid running into scams or frauds that may hide behind fake ICOs or NFTs. 

Correlated words

SEC

US government agency that regulates securities markets.

Total Supply

Total supply is the quantity of tokens emitted by a crypto project.

Listing

The inclusion of a token or cryptocurrency within an exchange’s market.

Young Club

Young Platform’s clubs allow for access to benefits and discounts.

Utility Token

Utility tokens are cryptocurrencies that enable exchanges of services, benefits or functions within a crypto ecosystem.

Token YNG

Young (YNG) is the Utility Token at the heart of the entire Young Platform ecosystem.

Tokenomics

An economic model that regulates the distribution and use of a project's cryptocurrency.

Scarcity

How much an asset is available and consequently how much value it has.

P2P

Una rete peer-to-peer permette agli utenti di scambiare dati senza intermediari.

NFT

A Non-Fungible Token is a unique asset registered on the blockchain.

Liquidity

How easy it is to convert a cryptocurrency or financial instrument into fiat money or the base currency.

Inflation

The gradual increase in the prices of a market or currency.

IEO

An event hosted by an exchange where a newly created cryptocurrency is sold to distribute it on the market and promote it.

ICO

An event where a newly created cryptocurrency is sold to distribute it on the market and promote it.

Fungibility

It is the property of a means of payment to be divisible into equal parts to facilitate the exchange of goods.

DYOR

Do Your Own Research, don't just take any information from one source at face value.

Delisting

Removing a cryptocurrency from an exchange's offering.

Crowdfunding

Online fundraising open to anyone.

Coin Burning

A way to remove cryptocurrency units from the circulating supply.

Audit

A verification process that ensures the correct functioning of software.

Black Swan Event

An unexpected event that has a significant effect.

Airdrop

A way of distributing a new cryptocurrency on the market

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