Being on a whitelist NFT is the only way for traders to make sure that they would have the earliest access to popular NFTs. Buying such NFTs at a secondary price, of course you will have to deal with exorbitant rates and hefty transaction fees. That is why, it is very recommended that you buy the tokens as soon as they are minted. However, if the newly minted NFTs areust sold to whoever owns the money, it could become a truly unhealthy environment in cryptocurrency trading. Thus the whitelisting system is created so that only those who support the project since the very beginning would be the one to receive the benefits.
In short, if you succeeded in getting into the whitelist, you would have the privilege to get the newly minted NFTs before the common buyers. While you are waiting for the tokens, you will have your crypto wallet sit and you’d better not do anything that could affect your whitelisting. If everything goes well, you will be able to avoid unnecessary competition. The same goes with gas wars which often happen with the public launching of popular NFT projects. The whitelist system so far has been successful to avoid main problems even though there are still small issues.
Why You Should be A Supporter First
Developing a new NFT project needs a lot of time and effort to build momentum and the hype. Without the aforementioned elements, there would be no guarantee that the launching would succeed. Thus, the role of supporters here is very crucial, their investments on the project would really help the project to take off. Meanwhile, if those kind supporters are left to compete unhealthily, they can lose their chance to get the token they minted.Being included in the whitelist NFT frees you from a hefty sum of transaction fees. It is a common knowledge among traders that the transaction fees on blockchains aren’t static. The amount can change anytime depending on the market condition, especially after the launching of new NFTs. So many traders will bid for the tokens and of course, there would be more people who would make use of this golden chance. In most cases, the supporters who had spent much of their time and resources ended up priced out. Whitelist allows the early supporters to have a certain time window to make their purchase before the other traders start bidding their price. This is the only way to appreciate their support for the new token launch.
Getting into the list indeed consumes a lot of time. You’d need to make sure that you can make contents which are engaging and intriguing. Moreover, you’ll need to promote the token on social media and open discussions with fellow traders. After all the hard work, there’s still no certainty that the NFT project will launch successfully. Even if you’ll have your allocated time to make a purchase, you can’t be sure that there will be much hype in the following sessions. However, if you are sure about the project after researching at a crypto launchpad such as Kommunitas.net, you can be certain to do your best getting into whitelist NFT.