What is the creating a Whitelist and KYC Authentication process for ICO participation?
While participating in the ICO cryptocurrency, it is somewhat unfamiliar, but there is a procedure that requires the creation of a Whitelist or KYC certification.
Whitelist creation
Whitelist require the submission of basic information of the desired object ICO participation, it is a process to know beforehand whether you intend to participate in the ICO and the expected participation amount.
KYC Authentication
KYC is the abbreviation of "Know Your Customer."
Companies, engaged in fund transaction business must provide the customer 's information and data when government of each country makes a request for a transaction customer.
There are some places where some KYC do not proceed, but there is a tendency that ICO companies make a lot of KYC certification because ICO issuer is obligated to be aware of customer 's information participating in the ICO.
KYC is your certification system. To send coins by ICO participation, you can proceed according to the procedure set in the announced period.
In general, to register you can scan your passport or ID for identification of your nationality or real name and shoot your upper half of body holding your ID card. This is made to match the picture on your ID card with your face.
Wallet Set-up
When you are in the process of KYC authentication, mostly to participate in the ICO, personal wallet address to use is registered.
You need to register your wallet address by opening a wallet to transfer a coin together with Ethereum 's MyEtherWallet, which is not the wallet of the exchange of virtual currency.
