Comment on page
The whitelist is a list of wallets who are eligible to receive an allocation in an upcoming IDO launch.
IDO rounds can get very competitive and oversubscribed, and there is only a set number of available spots and allocations.
Users must apply to the whitelist during the open application period. Afterward, the whitelist is determined and whitelisted wallets have a chance to participate in the private IDO round.
The whitelist will be posted publicly and users will be notified if they have made the whitelist. Users will also be able to check their whitelist status when their wallet is connected to the Eclipse application.
While the $ECLIP token is not live, the whitelist for upcoming launches will work differently and be based on giveaways, social interaction, lottery, and a few other factors which are still TBD.
Firstly, users wanting to apply for the whitelist wallet must undergo Broken link (know-your-client) verification. This is required from a regulatory perspective as users from certain jurisdictions are unable to directly participate in IDO rounds.
As mentioned prior, the whitelist can get fairly competitive. To determine this whitelist, a tier system exists. (Cosmic Tiers) This tier system is the method by which Eclipse Pad selects users for the whitelist. The higher the tier level a user is in; the higher chance of making the whitelist, as well as determining the allocation size (the max amount a user can purchase) in the private round.
Currently a new tier system is being optimised with a team of experts and more details are to come shortly.
At the end of the whitelist period, all the applications are taken into consideration and the whitelist is formed. Whitelisted wallets will then be able to participate in the whitelist IDO round when it opens.