• Bitcoin
  • Blockchain
  • Crypto
  • Metaverse
  • AltCoins
  • Business
  • Investment
  • Upcoming
What's Hot

A Most Ridiculous World : The Politicization Of Energy

October 2, 2023

Cypherpunk Icon Adam Back: Bitcoin Is 'Digital Gold for the Next Millennia'

October 2, 2023

Bitcoin Asset Management to Grow to $650 Billion Industry: Alliance Bernstein

October 1, 2023
Facebook Twitter Instagram
  • Bitcoin

    A Most Ridiculous World : The Politicization Of Energy

    October 2, 2023

    Cypherpunk Icon Adam Back: Bitcoin Is 'Digital Gold for the Next Millennia'

    October 2, 2023

    Bitcoin Asset Management to Grow to $650 Billion Industry: Alliance Bernstein

    October 1, 2023

    Why the Next US President Needs to Pardon Bitcoin Pioneer Ross Ulbricht

    October 1, 2023

    Human Rights Foundation Donates $500,000 to 15 Bitcoin Projects

    October 1, 2023
  • Blockchain

    BlockJoy raises $12M to help cut operating costs for businesses running blockchain nodes • TechCrunch

    February 2, 2023

    Blockchain Futurist Conference — Canada’s biggest crypto conference returns for fifth year

    February 2, 2023

    WEMADE and Metagravity Sign Strategic Alliance MOU to Collaborate on Blockchain Games for the Metaverse

    February 2, 2023

    Will Polkadot’s [DOT] new parachain fix the blockchain?

    February 1, 2023

    BNB Chain Unveils 3rd Blockchain in BNB Ecosystem, Tether ‘Never Borrowed from Celsius’, Ripple Sold $226M Worth of XRP in Q4

    February 1, 2023
  • Crypto

    Crypto Donations Now Need An Appraisal

    February 2, 2023

    Bitcoin Shrugs Off Fed Rate Hike to Hit Six-Month High

    February 2, 2023

    Stock and Share Market News, Economy and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News

    February 2, 2023

    Yates County cryptocurrency miner completes debt restructuring deal

    February 1, 2023

    How ‘King of Instagram’ Dan Bilzerian ‘made millions’ from cryptocurrency after bizarre poker deal

    February 1, 2023
  • Metaverse

    Facebook’s Metaverse Division Lost Nearly $14 Billion Dollars Last Year

    February 2, 2023

    Samsung Hints Metaverse Ambitions At Product Launch Event, Eyes Integrating Different Realities Into Premium Smartphones

    February 2, 2023

    Sanlam makes history with SA’s first media launch in the metaverse

    February 2, 2023

    Meta’s plans to expand metaverse are up and running again: Here’ how

    February 2, 2023

    RFOX VALT Launches AI-Enabled Metaverse Apartments for Sale

    February 1, 2023
  • AltCoins

    Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases

    February 2, 2023

    CAKE, SHIB And These Alt-Coins Are Trending

    February 2, 2023

    Elon Musk Wants McDonald’s to Accept Crypto Payments. Dogecoin (DOGE), Bitcoin (BTC), and Snowfall Protocol (SNW) Benefit

    February 2, 2023

    Crypto Analysts are Saying These Altcoins Have Huge Potential – Here’s Why

    February 2, 2023

    Are Cryptos Bound to Retrace Amid Recent Pump?

    February 1, 2023
  • Business

    Ray Dalio Warns Money Is in Jeopardy, Favors Inflation-Linked Crypto

    February 2, 2023

    BIT Mining Limited Regains Compliance with NYSE Continued Listing Standards

    February 2, 2023

    Bithumb’s de facto owner arrested over alleged embezzlement

    February 2, 2023

    Crypto Custody Firm Copper Alerted to Security ‘Incident’ Over Christmas

    February 1, 2023

    Cathie Wood’s Ark Invest Says Bitcoin Could Hit $1.5 Million by 2030

    February 1, 2023
  • Investment

    The Investor’s Guide to Crypto Options Trading

    February 2, 2023

    Pune software engineer loses Rs 13 lakh to crypto investment fraud

    February 2, 2023

    Crypto Investment Products’ AUM Surges as Investor Confidence Returns: CryptoCompare Report

    February 2, 2023

    Crypto Investors Can Purchase Bankruptcy Put Options to Protect Funds on Binance, Coinbase, Kraken Crypto Exchanges

    February 1, 2023

    Ethereum price forecast for February, including Morgan Stanley comments By Investing.com

    February 1, 2023
  • Upcoming

    S&P 500 rises to the highest level in five months Thursday as Meta leads a tech comeback

    February 2, 2023

    Looking For Something Different From Nubank and C6 Bank? Try Lanistar! – Sponsored Content

    February 2, 2023

    NYDFS Releases Guidance For BitLicensees And Limited Purpose Trust Companies On Asset Custody In The Wake Of Cryptocurrency Insolvencies – Financial Services

    February 2, 2023

    This Supreme Court Case Will Reverberate Throughout the Compliance and ESG World | NAVEX

    February 2, 2023

    Ethereum (ETH) Could Reclaim $2,000, Trader Says

    February 1, 2023
investorstoday.press
investorstoday.press
Home»Upcoming»Nft Whitelists And How To Get Yourself On These Exclusive Lists
Upcoming

Nft Whitelists And How To Get Yourself On These Exclusive Lists

maikdezana@icloud.comBy maikdezana@icloud.comSeptember 28, 2022No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

By CNBCTV18.com Sep 28, 2022, 07:47 AM IST (Published)

Mini

Renowned NFT projects have introduced a new system to bring their collections to audiences. It is called the whitelist. Tag along as we explain what an NFT whitelist is and how to get a spot on these exclusive pre-sale lists.

NFTs have shot to fame over the last few years. Today, every time a new NFT project is launched, investors clamour to get their hands on a piece of the collection. This often results in pandemonium and chaos around the project’s launch and also leads to scams in some cases.

With this in mind, renowned NFT projects have introduced a new system to bring their collections to audiences. It is called the whitelist. Tag along as we explain what an NFT whitelist is and how to get a spot on these exclusive pre-sale lists.

What is an NFT whitelist?

A whitelist is a database of wallet addresses that receive early access to an NFT collection before its public launch. Those on the whitelist have the option of buying newly released NFTs before the rest of the market, and at much lower transaction fees.

The wallet addresses that make up the whitelist are usually carefully chosen users who have supported the project in its early days. These users interact, promote and discuss the NFT project on Discord and other social media channels. They create hype around the collection and help build up steam ahead of its release.

Why do we need NFT whitelists?

As mentioned earlier, with a standard NFT release, there is often a frenzy of investors trying to get their hands on a piece of the collection. This results in a gas war where investors try to out-bid each other by paying higher transaction fees to ensure their purchase goes through.

Not only does this lead to increased costs, but it also creates an unfair environment where those with deeper pockets walk away with the NFT, but those who have constantly been following and supporting the project are often left empty-handed.

Moreover, it could also create an atmosphere that is conducive to scammers. Bad actors can target desperate investors, claiming to have a piece from the collection and demand a slightly higher price. Unable to purchase the NFT through official channels, hopeless investors pay the higher amount, only to discover that they have been fleeced of their hard-earned money.

NFT whitelists ensure that new releases are made accessible to audiences in a democratic and fair method. They also ensure that the collection is dropped in an organised and smooth manner.

Further, since the project directly offers a whitelisted address the option to purchase the NFT, it ensures that there is no scope for scammers to dupe unsuspecting investors. And finally, whitelists also ensure that early supporters are rewarded for all they do during the initial days of the NFT project.

How to get onto an NFT whitelist?

Getting on to an NFT whitelist is easier said than done. After all, it is an exclusive group of individuals who have supported the project in several ways and have been selected by the collection’s creators. However, this doesn’t mean it is impossible to get into an NFT whitelist; it just takes a bit of work.

The first thing you need to do is identify NFT projects that could be creating whitelists in the near future. You’ll also need to find out which one of these projects has any future potential. There are plenty of websites and platforms that will have a list of upcoming NFT projects and all their need-to-know details. Once you’ve gone through all the information, you can pinpoint which projects you want to put your efforts behind.

Then, you first want to follow the project on all social media channels, beginning with its Discord server. Besides providing you with all the updates regarding the project, the Discord server should also offer you an option to sign up for the whitelist. Usually, the whitelist details are given in the announcements section of the project’s Discord server. If these details are missing, you can drop a query on the forum, and other users should steer you in the right direction.

Also, note that each whitelist can come with a different set of eligibility criteria. Some projects might ask you to refer 5 friends to the discord channel, follow their social media channels, like and share specific posts, etc.

However, even after doing all these things, getting a spot on the whitelist is not a guarantee, as plenty of others will go well beyond the basic criteria. These individuals will sign up early, regularly interact on the Discord server, participate in giveaways, and even create fan art.

Also, if a crypto exchange creates a whitelist, there may be different eligibility criteria. For instance, on Binance, the eligibility criteria require you to maintain a minimum daily average of BNB tokens in your account. They also need you to lock a certain amount of a specified cryptocurrency to be eligible.

Conclusion

Getting a spot on the whitelist of an NFT project might seem like a lot of work, but it is worth it. You could be offered first refusal and discounts on burgeoning NFT projects. This allows you to buy low and sell very high. Moreover, all the steps required to enter a whitelist shouldn’t cost you a thing, but they can translate into significant returns, and that should be worth all the effort.

Crypto crypto investment cryptocurrency NFT whitelists nft whitelists explained NFTs non-fungible tokens what are nft whitelists
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
maikdezana@icloud.com
  • Website

Related Posts

S&P 500 rises to the highest level in five months Thursday as Meta leads a tech comeback

February 2, 2023

Crypto Donations Now Need An Appraisal

February 2, 2023

CAKE, SHIB And These Alt-Coins Are Trending

February 2, 2023

Looking For Something Different From Nubank and C6 Bank? Try Lanistar! – Sponsored Content

February 2, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Subscribe to Updates

Get the latest crypto news

Advertisement
Demo
Top Insights

A Most Ridiculous World : The Politicization Of Energy

October 2, 2023

Cypherpunk Icon Adam Back: Bitcoin Is 'Digital Gold for the Next Millennia'

October 2, 2023

Bitcoin Asset Management to Grow to $650 Billion Industry: Alliance Bernstein

October 1, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Categories
  • AltCoins (1,399)
  • Bitcoin (2,053)
  • Blockchain (1,384)
  • Business (1,378)
  • Crypto (1,365)
  • Investment (1,383)
  • Metaverse (1,361)
  • Upcoming (1,319)
Facebook Instagram
  • Contact Us
  • privacy policy
  • about us
© 2023 Designed by investorstoday.

Type above and press Enter to search. Press Esc to cancel.