Whitelisting

What is whitelisting?

One of the best ways to obtain an NFT at a lower price is to purchase (“mint”) the NFT as soon as it is released or “dropped” on a project’s website before prices escalates after it reaches the secondary marketplaces. One of the ways to do this is to be placed on a “whitelist.”

Whitelisting is the practice of rewarding and allowing a certain set of supporters, influencers, or VIPs early access to new NFTs allowing them to mint before the project’s launch date. Many times, securing a whitelist spot means that you are among the select few that can buy NFTs at a discount before the public. Selected by NFT creators, whitelists are actually pre-approved lists of blockchain addresses that are given early access for an NFT mint, sometimes at discounted prices.

The NFT marketplace is a busy place, and a project may get lost in the noise. NFT creators will often use whitelisting to make their NFT project activity visible raising awareness of the project and building its attractiveness.

Some NFT projects are built around communities. To provide early support and promotion of their projects, NFT creators can incentivize and reward early project supporters by giving them earlier slots in which to mint NFTs than non-supporters.

So how do you join or get chosen for a whitelist? To attract new buyers, new NFT creators will offer whitelist spots to those in the community who get there before the launch happens. For those wishing to be placed on a whitelist join or follow the social media for the NFT project. This will take you to the project’s website which will give you insight and access to the timeline of the project, who’s involved, and who’s working on it. This will help you to understand the scope of the NFT project and the quality of the work. To be placed on the project’s whitelist you may be asked to meet its requirements such as posting on various social media sites or engaging people on Discord about the project.

When you have fulfilled the requirements set forth by the NFT creator and are selected to be on a whitelist for the launch of an NFT project, it means that your cryptocurrency wallet address has been added to a list with special minting privileges. Usually, this will guarantee you the option to mint one or more NFTs before the official launch date and at a lower price. Inherent in this practice, gas fees are lower since there is no competition for tokens during a pre-sale.

Almost every NFT project has its own Discord account. Here, users can gain special insights about the project as well as essential information about the minting and official release date of the project. These accounts will also share updated information about NFT whitelists that users can follow and join. You may find the LEXIT Discord link on their homepage at www.lexit.com.

One of the best ways to obtain an NFT at a lower price is to purchase (“mint”) the NFT as soon as it is released or “dropped” on a project’s website before prices escalates after it reaches the secondary marketplaces. One of the ways to do this is to be placed on a “whitelist.”

Whitelisting is the practice of rewarding and allowing a certain set of supporters, influencers, or VIPs early access to new NFTs allowing them to mint before the project’s launch date. Many times, securing a whitelist spot means that you are among the select few that can buy NFTs at a discount before the public. Selected by NFT creators, whitelists are actually pre-approved lists of blockchain addresses that are given early access for an NFT mint, sometimes at discounted prices.

The NFT marketplace is a busy place, and a project may get lost in the noise. NFT creators will often use whitelisting to make their NFT project activity visible raising awareness of the project and building its attractiveness.

Some NFT projects are built around communities. To provide early support and promotion of their projects, NFT creators can incentivize and reward early project supporters by giving them earlier slots in which to mint NFTs than non-supporters.

So how do you join or get chosen for a whitelist? To attract new buyers, new NFT creators will offer whitelist spots to those in the community who get there before the launch happens. For those wishing to be placed on a whitelist join or follow the social media for the NFT project. This will take you to the project’s website which will give you insight and access to the timeline of the project, who’s involved, and who’s working on it. This will help you to understand the scope of the NFT project and the quality of the work. To be placed on the project’s whitelist you may be asked to meet its requirements such as posting on various social media sites or engaging people on Discord about the project.

When you have fulfilled the requirements set forth by the NFT creator and are selected to be on a whitelist for the launch of an NFT project, it means that your cryptocurrency wallet address has been added to a list with special minting privileges. Usually, this will guarantee you the option to mint one or more NFTs before the official launch date and at a lower price. Inherent in this practice, gas fees are lower since there is no competition for tokens during a pre-sale.

Almost every NFT project has its own Discord account. Here, users can gain special insights about the project as well as essential information about the minting and official release date of the project. These accounts will also share updated information about NFT whitelists that users can follow and join. You may find the LEXIT Discord link on their homepage at www.lexit.com.