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What Does Crowdfunding Whitelist Mean (Crowdfunding Details)

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What does crowdfunding whitelist mean? Simply put, in the world of blockchain, i

What Does Crowdfunding Whitelist Mean (Crowdfunding Details)

What does crowdfunding whitelist mean? Simply put, in the world of blockchain, it means obtaining the qualification of a trusted investor through crowdfunding.

According to data from Coinmarketcap, more than 300 projects have been approved by the U.S. Securities and Exchange Commission (SEC) and can participate in crowdfunding for ICO financing. As a convention, crowdfunding funds can only be obtained from a small number of investors from one company. Therefore, if there are enough users willing to participate, more profit returns can be obtained.

But what is crowdfunding whitelist? What does it mean? Crowdfunding whitelist refers to creating a public market and an open exchange or service provider for a certain asset, so as to provide its products and services to other investors anywhere, thus enabling the market to grow and scale up.

So crowdfunding whitelist is actually allowing each user to manage their own funds and ensuring that they have early access to specific projects. (For example, we can now register our own digital wallet address through websites like Coinbase).

Crowdfunding Details

Editor’s note: This article is from BlockBeats(ID:0xCOCC) and authorized by Odaily Star Daily for reprint.

According to public information, crowdfunding platform TokenPocket officially launched the crowdfunding information website TokenPocket on August 18, which currently supports BTC, BCH, BSV, and USDT trading pairs. This includes a series of processes such as the sale of a total of 500 million tokens subscribed to OKX through private placement and the issuance of warrants. According to the announcement, the “2021Q2 Global ICO Financing Report” released by blockchain investment agency TokenInsight shows that in November 2019, the U.S. SEC began to investigate the cryptocurrency exchange BitMEX and found that more than 100 projects participated in this round of IE0 financing.

It is reported that this round of IE1 crowdfunding will be conducted at a price of 6 cents per share. Investors can convert all sold tokens into ERC20 tokens within 4 months and exchange them for Bitcoin or other digital assets at a ratio of 1:1. Specifically:

1. If the total amount of crowdfunding is less than $10 million, at least $200 must be held as initial capital; 2. If the minimum price is not reached, a hard cap share of between $300 and $500 must be held; 3. If the conditions are not met, a 10% investment fee must be paid. In addition, there are a total of 9 forms of crowdfunding, including ETH, LTC, and EOS.

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