How to get the whitelist mentioned in the currency circle? How to rob it?

The whitelist mentioned in the currency circle is actually a concept in NFT transactions. NFT whitelist is the process of obtaining pre-approved crypto wallet addresses for minting. In addition to minting priority, users of whitelist addresses can also enjoy other benefits. Benefits, such as reduced transaction fees and exclusive content, vary depending on the project. NFT whitelisting allows users to enjoy benefits such as minting priority. Due to the influx of NFT users, NFT projects have turned to a strategy called "whitelisting" to only grant pre-approved crypto addresses for pre-sale minting access. Many investors want to know how to obtain the whitelist mentioned in the currency circle? Everyone wants to know how to grab the whitelist in the currency circle? Let me analyze it for you below.

What does currency circle whitelist mean?

The currency whitelist refers to a list that lists some digital currency projects or exchanges that are considered trustworthy, safe, and valuable, which are also considered to be in the "whitelist" project or exchange. In the currency circle, there are a large number of digital currency projects and exchanges, and it is difficult to distinguish which ones are truly valuable and which ones are scams or unsafe. Therefore, the emergence of the currency circle whitelist provides a wide range of digital currency investors. a reliable reference.

Whitelists in the digital currency field are usually published by some authoritative digital currency communities or institutions. These communities or institutions will conduct detailed and rigorous review and evaluation of digital currency projects or exchanges. Only projects or exchanges that have passed the review and evaluation can be included in the whitelist. This method helps digital currency investors select safe and reliable projects or exchanges for investment or trading by viewing the whitelist.

The emergence of the currency whitelist has played a positive role in the development of the digital currency market. On the one hand, it improves the transparency and standardization of the digital currency market, allowing investors to invest in digital currencies with more confidence; it also promotes competition among digital currency projects and exchanges, encouraging them to improve their security and credibility. and value to gain the favor of more investors.

Although the currency whitelist is an important indicator for investors to refer to, it has some flaws. Each community or institution has different review and evaluation criteria for whitelists, which can lead to inconsistencies. In addition, some bad digital currency projects or exchanges may also enter the whitelist through certain means, making their reliability questionable. Therefore, investors still need to conduct independent investigations and evaluations when choosing digital currency projects or exchanges, and cannot completely rely on the information in the currency circle whitelist. Only in this way can investment risks be better reduced and capital security ensured.

The whitelist in the digital currency market is an important reference for investors, providing them with a list of trusted, safe, and valuable digital currency projects or exchanges. This helps investors invest and trade more intelligently.

How to get the whitelist mentioned in the currency circle?

1. Find projects before they go online

The NFT market is full of potential projects hoping to attract new users. These new NFT projects may provide whitelisting before their official public release. In other words, to get whitelisted, you need to do it early. If you enjoy finding new opportunities and trying new products, this should be right up your alley. However, if you're not an early adopter, you need to understand the risks involved as you trust a new project that hasn't proven itself yet. Due to the prevalence of NFT scams, it is recommended that you always conduct your own research before whitelisting.

2. Join the Discord group

After you have completed your research and decided on a project, you need to join the community by entering the project's chat group. For NFT projects, Discord is the main communication tool, followed by Twitter. Each Discord group may vary depending on the project, but information about the whitelisting process is usually posted on the announcement channel. If there isn't any information there, explore the Discord group's other channels. It is possible that you missed the whitelist period or the project does not have a whitelist. Or, ask other members of the group in the community chat channel. Most projects have a common channel to facilitate conversations about the project or other common topics.

3. Apply to join the whitelist

Once you have fully researched the project and whitelist criteria, you can apply to join. Whitelisting apps can range from filling out a simple Google form to earning a spot by becoming an active referrer of their project. Some projects even use lottery systems in their whitelisting process. Each project is unique and has its own rules governing its whitelisting process.

There is no guaranteed way to get on the NFT whitelist as requirements will vary. For example, a creator-focused project might select only the winners of art contests into their whitelist. This unique selection process is why connecting and learning about new developments in Discord groups is beneficial for users looking to be whitelisted. Sometimes, the selection process may not be completely transparent. It’s important to only complete tasks that you feel comfortable with. If you are discouraged by not being accepted, remember that other programs on the market offer opportunities as well.

Why use NFT whitelist?

The project implements NFT whitelisting for three main reasons: to reward early supporters, prevent gas wars, and prevent spam.

Reward Early Supporters

Whitelisting provides a way for a small group of people in the community to gain early access to upcoming NFT versions. Some projects may release free NFTs and exclusive content to whitelist users, while other projects may allow pre-sales at discounted prices; all whitelist offers vary by NFT project.

The requirements for whitelist registration also vary by project. Some may require a series of tasks to be completed, or require a minimum number of wallets to hold assets for that particular project. There is no standardized whitelisting process; if you actively participate in community events and chats, some projects may even be pre-approved without a formal submission.

Preventing Gas Wars

Since public NFT sales do not require a whitelist, a large number of users interacting with smart contracts at the same time may cause transaction fees to rise significantly. This happens when users compete to be first to have their mint transactions approved, driving up gas costs and leading to what we call “gas wars.”

In contrast, whitelist registration only allows a select number of wallet addresses to mint NFTs before the public sale, meaning the sale is less likely to experience network congestion and gas wars. Whitelisting Another most effective way to avoid gas issues is to identify a specific time frame during which NFTs can be minted.

It is worth noting that gas prices will vary depending on the entire blockchain network traffic. From time to time, whitelist sales may be affected by other mint sales or external events. A beneficial addition to the concept of NFT project whitelisting is that if there is a high demand to be added to the whitelist, it creates hype and discussion around the release, project, and potential subsequent releases.

Fighting Spam

By establishing a whitelist of users, the project can prevent spam from non-whitelisted addresses. Additionally, the whitelisting process ensures that no large number of account registrations are allowed. Preventing spam accounts from accessing pre-sale minting is critical as they may reduce network efficiency and increase gas charges for users.

The above content is the editor’s detailed elaboration on the two issues mentioned in the currency circle: how to obtain the whitelist and how to grab the whitelist in the currency circle. While attracting a large number of users is a sign of a successful NFT project, it also means that competition for minting NFTs will become more intense. Those whitelisted users often have priority or guaranteed access to mintNFT, avoiding competition, on-chain traffic, and soaring gas fees. For example, a project might only allow its whitelisted users to mint NFTs at any time for a predefined 48 hours. As mentioned above, some projects may even offer exclusive NFTs as a thank you to early backers.

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