In the context of NFTs, a whitelist is a list of wallet addresses that has access to an NFT project before it launches. Whitelist spots for upcoming NFTs are a sort of reservation spot that gives you presale access to an NFT project. This way, when it finally launches, you’ll be among the first set of users to have access to it.
Not all NFT projects have a whitelist, but for those that do have, you stand to benefit a lot from getting on the list. According to some stats, collectors that can get a whitelist spot gain about 75.7% in profit when the project is eventually minted. This is a high margin compared to the 20.8% that others that are unable to get a whitelist spot will get.
In this guide, we’ll go over the concept of whitelist and how to get whitelist spots for upcoming NFT projects ahead of others.
Why do NFT whitelist spots even exist in the first place?
The Whitelist concept was born out of necessity when the NFT frenzy began. As the new asset class went mainstream, the rush to get NFTs early led to congestion and competition that raised the cost of transactions (gas fees) on the Ethereum blockchain. To solve this problem, the concept of whitelist was introduced. By creating some rules, creators could curate a list of users that will get on the waiting list and be the first to get the tokens when they hit the market.
So how exactly do you get these limited spots?
Steps to follow to get whitelist spots for NFT projects
Do your Research
Research is a major part of the process of winning NFT whitelist spots. There are two main reasons why this is necessary. First, you’ll need to research to discover upcoming NFT projects.
The second part of your research involves determining if the project will be profitable or not. The goal is not just to get on any whitelist but on the whitelist of a potentially profitable project. It’ll be a waste of effort to go through all the other steps involved in getting whitelisted for a project only to discover that it isn’t a good one.
Follow the instructions to win a spot
The specific instructions for getting whitelisted for an NFT project vary from one project to the other. Some of the instructions often include:
Interacting on social media
Usually, you’ll be asked to perform some tasks on social media in relation to the project. These are simple tasks like using the project’s picture as your social media pics, retweeting tweets, or tagging other users. Following these instructions will win you points
Engaging on discord
Discord is one of the most prominent platforms used in the NFT space. Project creators often require users to engage on Discord as part of the steps towards getting whitelisted for a project. This may involve inviting a certain number of new members and interacting with their discord community in various other ways.
One of the ways you can increase your discord engagement is by creating your own Discord server. This will help you keep track of all the NFT whitelisting projects you’re following. Here’s a step-by-step breakdown of how to create your own Discord server.
- Step one: Click the plus button on the left side panel on your discord.
- Step two: Select the “Create My Own” option. You will be presented with a list of options. On this list choose the “for me and my friends,” option and give your server a name.
- Step three: for each of the projects you want to follow, click on the announcement channel and click on “follow.”
Now click “select” then choose the server that you created from the drop-down options that appear. Do this for every NFT discord community you are tracking.
Following these steps will make it easier for you to keep track of all the tasks and rules that you are required for each project whitelist.
Conclusion
Every day, several new NFT projects are launched. The market is at a saturated level as more users try to get into the space. You’ll increase your chances of making a profit if you followed the instructions detailed here to get whitelist spots for upcoming NFTs before they are minted.