A Bidder Whitelist is a selection of approved individuals or entities allowed to participate in a specific auction or bidding process related to cryptocurrencies or blockchain projects. This list is designed to enhance security and trust by ensuring that only vetted participants can compete for assets, tokens, or projects.
By limiting the bidders to those on the whitelist, organizers can reduce the risk of fraud, manipulation, or other malicious activities. Participants usually need to go through a verification process to be added to the whitelist.
Criteria for approval may include compliance with regulations, financial capability, and past engagement in similar activities. Having a Bidder Whitelist helps foster a more transparent and orderly bidding environment. It aims to maximize the integrity of the auction process, ensuring that all participants are credible and that the auction runs smoothly.
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