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
Decryption
The process of decrypting data that was previously encrypted (made unreable) back to a readable form.
Wash Trade
Meaningless back and forth trading between a single party with the aim of inflating trade volume.
Mnemonics
Mnemonics are memory aids with a system such as letters or associations that help in recall. *see Mnemonic Phrase.
Gas Price
A term refers to the amount of price user is willing to pay for a transaction on Ethereum blockchain.
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