Token Launch Access

Definition ∞ Token launch access refers to the ability for individuals or entities to participate in the initial distribution of a new digital token. This often involves specific eligibility criteria, such as geographic restrictions, KYC verification, or participation in a whitelist. It determines who can acquire tokens during initial coin offerings (ICOs), initial exchange offerings (IEOs), or other primary market events. Access controls are implemented to comply with regulations and manage demand.
Context ∞ The regulation of token launch access is a critical and evolving area, particularly concerning securities laws and investor protection. Jurisdictions worldwide are scrutinizing token sales to determine if they constitute unregistered securities offerings. Projects are increasingly adopting more restrictive access measures, such as geographical limitations and stringent KYC/AML checks, to align with regulatory expectations and avoid potential legal repercussions.