A whitelist discount refers to a special pricing incentive for individuals or groups who have been pre-approved to participate in a token sale or initial coin offering (ICO). Being on a whitelist typically means that a participant has met certain criteria, such as being part of a specific community or holding a particular asset.Those on the whitelist often receive tokens at a reduced rate compared to the general public. This discount serves as a reward for early supporters or loyal followers and helps create a sense of exclusivity around the project. By offering a whitelist discount, projects encourage users to engage with them early, fostering trust and investment ahead of the public launch. This strategy can also help generate initial funding and momentum, making it easier to achieve funding goals. Overall, whitelist discounts are a way to incentivize participation while ensuring that committed supporters have the chance to secure tokens at a more favorable price.
Bit Digital Acquires 31,057 ETH Through $150M Convertible Notes Offering
Bit Digital Inc. (Nasdaq: BTBT) has purchased 31,057 Ether (ETH) using proceeds from its recently completed $150 million convertible notes