For my crypto and NFT newbies

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    Discussion
  • #1272

    Ibifubara
    Participant
    193 Points

    HOW TO GRIND FOR NFT WHITELIST.

    Whitelists are the golden ticket to buying NFTs for cheap. Here’s how get on one.

    You may have heard of people flipping NFTs for huge profits. The key to maximizing your flip is to buy low and sell high.

    In the NFT space, one of the best ways to buy cheap is to purchase (AKA “mint”) the NFT as soon as it is released (AKA “dropped”) on the project’s website to avoid price hikes after it reaches secondary marketplaces.

    However, when you try to mint, two problems can arise:

    Problem #1: All the NFTs in the project can get sold out before you get a chance to buy

    The NFT space is constantly growing, and good projects attract a lot of interested buyers who rush to mint as soon as the project drops. There is a high chance that someone else will get their hands on an NFT before you do.

    Problem #2: You may experience the wrath of gas wars

    A “gas fee” is basically a transaction fee in the NFT space. The catch is that the more gas you’re willing to pay, the faster your transaction will be confirmed. With so much competition to mint, a lot of people increase the amount they’re willing to pay for gas. This leads to “gas wars” resulting in ridiculously high transaction fees going for thousands of dollars.

    To solve these issues, NFT projects have introduced whitelists.

    A whitelist in the NFT world is a list of people who get early and guaranteed access to mint at a specific date and window of time.

    So, how exactly are you benefiting from being whitelisted?

    1. You get guaranteed access to mint

    This eliminates problem #1

    2. You can get an NFT for an ‘early bird’ price or even for free

    This is especially great for people who are new to the space and want to give it a go, but don’t want to risk their hard-earned money. This is also beneficial for NFT pros. A low buy means a higher profit margin when flipping. Who doesn’t want that?

    3. You avoid gas wars

    When you are added to the whitelist, you can choose a specific time you’d like to mint your NFT within the window provided. This allows the transactions to be spaced out, which means less competition, less traffic on the network, and low gas fees, eliminating problem #2.

    For example, The Prime Ape Planet NFT project launched at a mint price of 0.25 ETH excluding gas fees and jumped to a floor price of 2.3 ETH on the secondary market within 48 hours of launch. So, a person who got hold of an NFT from that project at mint almost 10xed their investment within 2 days!

    Given the benefits, whitelists are like a golden ticket in the NFT world. They are wildly sought after and sometimes difficult to get on because of the competition.

    Here are the basic steps to get your name on the coveted list:

    1. Find a good project early

    A whitelist only works if the project has not been launched. You must find a good project before its drop and before it accumulates a mass following. You can use Rarity.tools to find upcoming projects or follow NFT experts and influencers on YouTube and Twitter to stay on top of the game.

    2. Join the project’s Discord group

    Discord is where most of an NFT project’s activity takes place ie. introduction to the founding team, major announcements, giveaways, project’s roadmap, instructions to getting on the whitelist, etc. Links to the Discord group can usually be found on a project’s Twitter bio.

    3. Follow the eligibility requirements

    Each project has its own set of unique requirements to qualify for a whitelist. All you have to do is make sure you meet their criteria.

    Once you are eligible, you will provide your crypto wallet address to get pre-approved for minting. You will then select a time of your choice to mint from the options they provide. Just remember to mark your calendar for the time and date you selected so you don’t forget!

    Never forget or give out the seed phrase/password to your crypto wallet. HOW TO GRIND FOR NFT WHITELIST.

    Whitelists are the golden ticket to buying NFTs for cheap. Here’s how get on one.

    You may have heard of people flipping NFTs for huge profits. The key to maximizing your flip is to buy low and sell high.

    In the NFT space, one of the best ways to buy cheap is to purchase (AKA “mint”) the NFT as soon as it is released (AKA “dropped”) on the project’s website to avoid price hikes after it reaches secondary marketplaces.

    However, when you try to mint, two problems can arise:

    Problem #1: All the NFTs in the project can get sold out before you get a chance to buy

    The NFT space is constantly growing, and good projects attract a lot of interested buyers who rush to mint as soon as the project drops. There is a high chance that someone else will get their hands on an NFT before you do.

    Problem #2: You may experience the wrath of gas wars

    A “gas fee” is basically a transaction fee in the NFT space. The catch is that the more gas you’re willing to pay, the faster your transaction will be confirmed. With so much competition to mint, a lot of people increase the amount they’re willing to pay for gas. This leads to “gas wars” resulting in ridiculously high transaction fees going for thousands of dollars.

    To solve these issues, NFT projects have introduced whitelists.

    A whitelist in the NFT world is a list of people who get early and guaranteed access to mint at a specific date and window of time.

    So, how exactly are you benefiting from being whitelisted?

    1. You get guaranteed access to mint

    This eliminates problem #1

    2. You can get an NFT for an ‘early bird’ price or even for free

    This is especially great for people who are new to the space and want to give it a go, but don’t want to risk their hard-earned money. This is also beneficial for NFT pros. A low buy means a higher profit margin when flipping. Who doesn’t want that?

    3. You avoid gas wars

    When you are added to the whitelist, you can choose a specific time you’d like to mint your NFT within the window provided. This allows the transactions to be spaced out, which means less competition, less traffic on the network, and low gas fees, eliminating problem #2.

    For example, The Prime Ape Planet NFT project launched at a mint price of 0.25 ETH excluding gas fees and jumped to a floor price of 2.3 ETH on the secondary market within 48 hours of launch. So, a person who got hold of an NFT from that project at mint almost 10xed their investment within 2 days!

    Given the benefits, whitelists are like a golden ticket in the NFT world. They are wildly sought after and sometimes difficult to get on because of the competition.

    Here are the basic steps to get your name on the coveted list:

    1. Find a good project early

    A whitelist only works if the project has not been launched. You must find a good project before its drop and before it accumulates a mass following. You can use Rarity.tools to find upcoming projects or follow NFT experts and influencers on YouTube and Twitter to stay on top of the game.

    2. Join the project’s Discord group

    Discord is where most of an NFT project’s activity takes place ie. introduction to the founding team, major announcements, giveaways, project’s roadmap, instructions to getting on the whitelist, etc. Links to the Discord group can usually be found on a project’s Twitter bio.

    3. Follow the eligibility requirements

    Each project has its own set of unique requirements to qualify for a whitelist. All you have to do is make sure you meet their criteria.

    Once you are eligible, you will provide your crypto wallet address to get pre-approved for minting. You will then select a time of your choice to mint from the options they provide. Just remember to mark your calendar for the time and date you selected so you don’t forget!

    Never forget or give out the seed phrase/password to your crypto wallet.

  • For my crypto and NFT newbies

    David updated 3 months ago 7 Members · 30 Replies
  • Ibifubara

    Member
    16 August 2022 at 12:17 pm
    193 Points

    I know this info is a bit lengthy. But knowledge like this are important if you’re new to crypto and NFT(Non Fungible Token)

    • Okhe

      Member
      18 August 2022 at 11:20 am
      138 Points

      Yea sure

  • David

    Member
    16 August 2022 at 12:54 pm
    4876 Points

    Guy you don come to worry us here oh .. thanks for this updates

  • Ibifubara

    Member
    16 August 2022 at 12:58 pm
    193 Points

    you’re welcome

  • Ibifubara

    Member
    16 August 2022 at 1:06 pm
    193 Points

    The sooner we start the better, crypto has become a norm and will be way of life for everyone and the coming generation

  • Daniel

    Member
    16 August 2022 at 1:38 pm
    2543 Points

    Very solid

  • Daniel

    Member
    16 August 2022 at 1:38 pm
    2543 Points

    I would love to learn it

    • Ibifubara

      Member
      17 August 2022 at 1:39 am
      193 Points

      Or yet again, I’d drop a link to join a free crypto/NFT class

      • Ibifubara

        Member
        17 August 2022 at 1:43 am
        193 Points

        there we’d be taught the basis, crypto glossary, crypto & NFT terminologies, how to create NFTs, and so much more

        • Okhe

          Member
          18 August 2022 at 11:43 am
          138 Points

          That’s so nice. We’d love to learn

        • Daniel

          Member
          19 August 2022 at 11:53 pm
          2543 Points

          how can we get invoved

  • David

    Member
    16 August 2022 at 2:11 pm
    4876 Points

    There is so much to learn so teach us let us know things to do

    • Ibifubara

      Member
      17 August 2022 at 1:38 am
      193 Points

      sure, I’d drop updates on it

      • Daniel

        Member
        19 August 2022 at 11:54 pm
        2543 Points

        thank you

  • David

    Member
    17 August 2022 at 6:15 am
    4876 Points

    Exactly let’s know what’s happening in the crypto world

    • Daniel

      Member
      19 August 2022 at 11:55 pm
      2543 Points

      yes ooo

      i heard the new trend is NFT now

  • Chidimma

    Member
    18 August 2022 at 9:22 am
    70 Points

    Ill give it a try tho

    • Ibifubara

      Member
      18 August 2022 at 11:15 am
      193 Points

      good

  • David

    Member
    18 August 2022 at 11:20 am
    4876 Points

    Road to becoming a millionaire

    • Daniel

      Member
      19 August 2022 at 11:55 pm
      2543 Points

      ahbi

  • Esther

    Member
    18 August 2022 at 5:39 pm
    632 Points

    This is quite a lengthy message needs time to comprehend 😅

  • Esther

    Member
    18 August 2022 at 5:41 pm
    632 Points

    But will give it a shot 👌

    • Ibifubara

      Member
      18 August 2022 at 5:47 pm
      193 Points

      some of this project have their roadmaps. So you can know where they are currently with the project and where they’re going..

      • Daniel

        Member
        19 August 2022 at 11:56 pm
        2543 Points

        okay

  • Ibifubara

    Member
    18 August 2022 at 5:46 pm
    193 Points

    I’ve successfully gottn 3 whitelist roles from some of this early legit project.

    • Daniel

      Member
      19 August 2022 at 11:56 pm
      2543 Points

      nice!!!!

  • David

    Member
    18 August 2022 at 10:20 pm
    4876 Points

    Let us know how to go about it so we can follow up boss

  • Joy

    Member
    19 August 2022 at 1:45 pm
    61 Points

    I want to learn

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