Sui Name Service (SuiNS) enables blockchain users to register human-readable web3 names, ensuring secure, seamless transactions and a user-friendly on-chain identity.

Some people have no trouble remembering new cell phone numbers, and there are even a select few among us who wouldn't find it hard to memorize a 16-digit bank card number. However, very few people would choose to tackle the job of reliably recalling an alphanumeric blockchain address. Network addresses on 

 (ETH) are 42 characters long, while on the 

 (SUI) blockchain they span 66. These complex and length addresses are virtually impossible for most users to remember, and are among the least user-friendly features of 

 networks. Not only are long blockchain addresses distinctly user-unfriendly, but they also lead to many instances of wrongly executed transactions due to incorrectly input characters. 

Sui Name Service (NS), a solution on the Sui blockchain, has been specifically designed to tackle this problem. The service allows users to create human-readable and easy-to-remember web3 names linked to their underlying blockchain addresses. Using SuiNS, you can transact within web3 using your preferred username and, optionally, an avatar, rather than a long, complex blockchain address.

 (NS), or simply SuiNS, is a decentralized naming service that allows you to create and use a human-readable, user-friendly web3 handle to interact with the blockchain environment, instead of using a typical long and complicated network address. 

At the underlying level, your SuiNS name is linked to your blockchain address, but all the interaction and operations on the chain happen via your registered name.

SuiNS was first conceptualized and launched in 2022, inspired by the popular 

 (ENS). In many ways, SuiNS and ENS are similar, the obvious difference being that each one applies to its own respective blockchain environment. In May 2023, SuiNS was introduced on the Sui blockchain's newly launched mainnet. The service was developed and is supported by Mysten Labs, the development studio behind the Sui blockchain project. Since the beginning of the Sui blockchain's conceptualization, SuiNS has been among the core projects of the entire Sui ecosystem. As of late November 2024, SuiNS has managed to achieve the remarkable milestone of having registered nearly 330,000 names.

Using SuiNS, you can register your preferred username (as long as it's not been taken) for one year by paying a registration fee, currently charged in SUI coins. The name can be renewed at expiration for up to five years. All interactions with the blockchain environment through your wallet use your preferred username, rather than your blockchain address.

SuiNS names can be between 3 and 63 characters. Users can check the availability of their preferred handle and register it using the 

, where a lookup textbox is prominently displayed. Shorter names cost more than longer handles. As of the time of this writing (Nov 21, 2024), a three-character-long name costs 500 SUI ($1,785) and a four-character name will cost 100 SUI ($357), while names with five or more characters are priced at 20 SUI ($71.40).

A SuiNS name can only be registered for one year, but it can be renewed for up to four years (excluding the initial registration year). There's a 30-day grace period after the expiration of your SuiNS name, during which you may still renew it. If you don't renew during the grace period, your registered name will be up for grabs by anyone on the market. Optionally, you can buy an NFT avatar linked to your SuiNS name.

 (DApp) ecosystem on the Sui blockchain. Developers can use off-chain remote procedure calls (RPCs) to integrate the Sui service into their application environments. They can also take advantage of the native, on-chain SuiNS SDK to interact with the service.

Thanks to SuiNS, you can enjoy short, comprehensible names for your own address, as well as the addresses of the parties with whom you transact (if they also sign up for the service). No more forgettable string combinations that are hard to read and virtually impossible to remember!

However, a SuiNS name isn't just a tool of convenience. It also represents your decentralized identity on-chain. The identity is fully owned by you, the user, rather than by a centralized entity.

SuiNS minimizes the likelihood of lost assets due to sending funds to the wrong address: short, easy-to-remember names are way less prone to incorrectly executed transactions than standard blockchain addresses.

Security is also among the benefits of SuiNS. The service runs on the Sui chain, which prides itself on developing and enforcing high-grade security standards. Among these are 

, a framework that maintains a list of malicious websites and on-chain assets, thus protecting the Sui ecosystem from 

 launched by these known nefarious entities.

The SuiNS service launched its native token, NS, on Nov 14, 2024. Initially, NS is envisioned to support 

 processes on the platform, and will also be used for purchasing and trading SuiNS names. Currently, names are traded using SUI, the blockchain's native cryptocurrency. It's likely that NS will replace SUI in this capacity in the near future. The project team has also hinted that there could be additional uses for the NS token beyond governance and payment for SuiNS names. More announcements on this issue are likely to follow.

During the initial phase of the token's existence, governance will be its most prominent function. Holders of NS will be able to vote on important issues concerning the protocol's rules and future direction. One NS equals one vote, with more NS tokens giving you a greater say in the overall decision-making process. You can also increase your voting power by locking your NS tokens for from one to 12 months. For every additional month locked, you obtain 10% voting power. To encourage voting, 5% of the NS token's supply has been allocated for governance rewards. NS is a 

 token, with a total and maximum supply set at 500 million. The token's supply distribution shares are per the chart below.

NS is available on Bybit's Spot market as a swap pair with USDT (

). You can also take advantage of Bybit's campaign dedicated to the token to grab a share of the 

. Three campaign events for eligible users run through Nov 27, 2024, 8AM UTC:

Thanks to Sui Name Service, interacting on-chain has become easier and more user-friendly. However, easy-to-remember names aren't the only benefit: advantages also include lower likelihood of lost funds, better security and a completely decentralized, user-owned identity on-chain. So far, around 330,000 names have been registered, and with the impressive suite of benefits, expect this number to grow as we move with SuiNS into 2025.

Intermediate

sui name service (suins).png

Sui Name Service (NS): Your On-Chain Identity Made Simple

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. 

November 2024 has marked a significant milestone for Bitcoin, with its price soaring to $94,105. This unprecedented growth has been driven by global events and heightened social media discussions, with predictions of six-figure valuations. Historically, peaks in social media chatter often precede market corrections, signaling traders to exercise caution. Currently, while whale accumulation remains strong — with wallets holding over 10 Bitcoin adding 53,006 more BTC in just one month — retail traders remain surprisingly cautious. This wary sentiment contrasts sharply with the bullish behavior usually seen during price surges, suggesting a potential correction.

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. Despite their volatility, these tokens reflect a broader appetite for high-risk investments. Notably, whale investors holding 1M–100M DOGE are accumulating, while smaller holders are selling, creating conditions for potential breakouts. However, if new capital stops flowing, these speculative assets could face significant downturns. Additionally, while discussions around Bitcoin reaching $100K are increasing, they haven’t reached the levels seen earlier this year, indicating that fear of missing out (FOMO) may not yet be fully realized.

Institutional Interest and Ethereum's Resurgence

Demand for Bitcoin ETFs has surged, with daily trading volumes hitting a record $8.21 billion, signaling increased institutional interest. This activity often coincides with market peaks, but could also indicate new investments flowing into the crypto space. Meanwhile, Ethereum has also gained momentum, breaking above $3,100 for the first time in over 14 weeks. Additionally, whale accumulation is on the rise, suggesting that as Bitcoin leads the market, profits may soon be redirected into Ethereum. In contrast, Solana's price movements remain highly sentiment-driven, with funding rates indicating potential entry points for investors. Overall, altcoins are experiencing growth, particularly following the U.S. elections, which have reignited optimism in the crypto market.

Advanced

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Bitcoin's Resurgence: Analyzing Market Dynamics and Speculative Trends in November 2024

Crypto market makers play a crucial role in providing liquidity by consistently placing buy and sell orders. Learn more about how they work here.

The cryptocurrency market is notorious for its high volatility and sometimes low liquidity, making it a challenging environment for traders and investors. Executing trades can be difficult, often resulting in significant price 

Market making is a strategic approach that provides the necessary liquidity to stabilize markets, ensuring smoother trades and reducing volatility. By creating buy and sell orders around the current market price, market makers help maintain a healthy trading ecosystem. This article examines the fundamentals of market making, its benefits for traders and exchanges and the way it enhances the overall efficiency of the cryptocurrency market.

A crypto market maker is an entity or individual who primarily provides liquidity in cryptocurrency markets by continuously placing buy and sell orders for digital assets. This activity ensures efficient trading and helps maintain stable prices.

Crypto market makers play a key role in keeping markets liquid by continuously placing buy and sell orders on exchanges. Here's a closer look at how they operate.

Key Characteristics of a Crypto Market Maker

Crypto market makers provide liquidity and stabilize prices in the cryptocurrency market. The following are the key traits that enable them to operate effectively.

Market makers continually place buy and sell orders, ensuring the availability of transactions for traders. This constant availability reduces wait times for trades and minimizes the price impact of large orders, making the market more efficient and accessible for everyone.

One of the fundamental roles of market makers is that of managing the bid-ask spread. By consistently quoting competitive prices, they narrow this spread, thereby enhancing trading efficiency and reducing costs for other market participants. This spread is also their primary source of profit.

Market makers leverage advanced algorithms and HFT strategies to analyze market conditions and optimize their order placements. This technology allows them to react swiftly to price changes and maintain a balanced inventory of assets, which helps to manage risk and maximize profitability.

Due to the inherent volatility of cryptocurrency markets, effective risk management is vital for market makers. They employ various techniques, such as hedging and real-time market analysis, to minimize exposure to sudden price swings. This ensures their operations remain stable even in the face of market fluctuations.

By providing continuous liquidity and facilitating smooth trading operations, market makers enhance overall market efficiency. Their presence attracts more traders, which increases transaction volumes, boosts exchange activity and contributes to a healthier trading environment.

Given the quickly evolving nature of the cryptocurrency landscape, market makers must be adaptable, continually refining their strategies in response to new technologies, regulatory changes and shifts in market dynamics. This ensures they remain competitive and relevant.

Crypto market makers play a critical role in the cryptocurrency ecosystem by providing liquidity and stabilizing prices. Despite the integral role they play, however, their operations come with both advantages and disadvantages. 

Additional Importance of a Crypto Market Maker

Crypto market makers play a vital role in maintaining the efficiency and stability of the cryptocurrency market. Their presence on crypto exchanges ensures trading environments operate smoothly. 

Newer and smaller cryptocurrencies often struggle with liquidity. Market makers provide a market for these assets, promoting their growth and creating a more diverse and dynamic crypto ecosystem.

Through continual quoting of prices, market makers aid in fair price discovery, ensuring that cryptocurrency prices reflect actual market demand rather than extreme fluctuations. This promotes a more trustworthy and transparent trading environment that allows traders to make data-backed decisions. 

Crypto market makers are essential players in the cryptocurrency ecosystem, providing liquidity, stabilizing prices and ensuring smooth trade execution. Their use of advanced algorithms and real-time order placements encourages a more efficient, accessible and fair market. However, risks such as market manipulation, potential capital loss and lack of regulation can be problematic. Overall, the role of market makers in supporting emerging assets and maintaining market stability makes them indispensable for a healthy and growing crypto environment.

market maker.png

Crypto Market Maker: Boosting Trades With Strategic Liquidity

SEC Chair Gary Gensler announced he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration.

The S&P 500 rose 0.53% as investors shifted toward cyclical stocks expected to benefit from a strengthening economy, while technology shares lagged. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.79%, with Bitcoin and Ether rising by  4.19% and 8.75%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 24.3% following the partnership between Ripple and MCSocialVenture to boost financial resilience and access in emerging markets.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. 

, focused on investing in emerging market entrepreneurs. The initiative will pilot financial resilience and humanitarian solutions built on the XRPL, aiming to advance equitable access to finance.

Check Out the Latest Prices, Charts, and Data of 

 he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration. Gensler, whose term runs until 2026, faced pressure from the crypto lobby due to the SEC’s strict regulatory actions against the industry, including high-profile cases against Coinbase and Binance. Gensler’s departure is seen as a victory for crypto advocates, who hope the next SEC chair will be more crypto-friendly. Trump has hinted at firing Gensler on his first day in office and is expected to appoint a chair with expertise in crypto, such as Mark Uyeda, Hester Peirce, or Chris Giancarlo.

Yesterday, BTC Spot ETF data revealed a net inflow of $396.7 million, driven by $404.5 million from non-GBTC sources, partially offset by a $7.8 million outflow from GBTC..

 for those who participated. To claim, visit 

 using code B0FKOP. Additionally, Morph Zoo Season 2 has launched on mainnet, allowing users to earn points by bridging ETH or executing transactions on Morph. The Bitget Wallet offers a 1.2x multiplier on points to maximize rewards.

Beginner

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SEC Chair Gary Gensler to Resign on Inauguration Day, Marking a Win for Crypto Lobby

Bybit Learn

Always wanted to get early access to NFT projects so that you can mint NFTs? Here is a guide on how you can do so by getting on an NFT whitelist!

 (NFTs) as soon as they’re minted is a great way to maximize potential gains. Every trader wants to buy low and sell high, and popular NFTs are often available at the lowest prices immediately after launching. Unfortunately, the fierce competition for these newly minted tokens can drive up prices and send transaction fees through the roof.

NFT providers have alleviated these problems by creating whitelists for early supporters. In this article, you’ll learn how

 work and how you can use them to your advantage.

An NFT Whitelist is a database of people who are guaranteed early access to mint NFTs at a certain date and time. Being on such a list helps buyers avoid exorbitant secondary prices and hefty transaction fees for popular NFTs.

NFTs launch, or “drop,” on a specific, predetermined day. If you’ve been whitelisted for that NFT, you’ll have a certain amount of time to buy a newly minted token before it’s made available to outside buyers. 

As you wait for your time slot, your crypto wallet will sit on the NFT whitelist. This mechanism makes NFT launches more democratic, ensuring early access for true supporters and avoiding the competition and gas wars often associated with popular NFT projects.

We’ve answered the question, “What is an NFT whitelist?” But we haven’t learned exactly 

 they exist. This question is central to the

. Whitelists didn’t enter the NFT universe all of a sudden. They were developed in direct response to a few key issues that were plaguing NFT projects.

Whitelists haven’t solved every issue with NFT project launches, but they’ve made the process much smoother and fairer. The notable improvements stem from successfully solving these central issues. Following are some of the primary reasons for using whitelists.

NFTs, by their very design, are exclusive goods with a limited supply. This means the tokens are often exhausted as soon as they’re minted — especially for popular NFT projects. Many hopeful buyers are left out in the cold with empty hands. Once they find themselves in this situation, they must either resign themselves to missing out or buy the tokens at elevated prices on a secondary market.

Many NFT projects would rather avoid this type of fierce, relentless competition. After all, the idea is to build a community where people interact online and unite over a shared set of values or beliefs. The implementation of an NFT whitelist keeps pure speculators at bay, limiting the competition and making it easier for certain people to get their hands on the vaunted tokens.

NFT projects are often slow in developing, and they need a lot of early hype to build momentum and guarantee a successful launch. In the ideation stage, when a project exists only in the minds of creators, social media allows for early marketing and community-building. The first supporters of a project are often the ones responsible for really helping the idea take off.

Unfortunately, the fierce competition described above can keep these true fans from getting their hands on tokens once they’re actually minted. This is a fundamentally unfair situation. Not only are early supporters often the people most excited to buy the tokens, but they’ve also put in considerable amounts of work on the project’s behalf. They’ve likely shared the idea with friends, hyped it on social media, and engaged directly with creators about how to carry the project forward. To miss out on the fruits of all this labor is a crushing blow, and it disincentivizes people from supporting similar NFT projects in the future.

Driving these fans away was harmful to NFT providers because it eliminated the enthusiastic base they counted on for early support. Whitelists gave them a workable solution. Now, creators could add early supporters to an NFT whitelist, thereby guaranteeing them early access to the NFTs they’ve helped create. 

Everyone wins in this scenario. The NFT projects establish an enthusiastic base of loyal followers. Traders, meanwhile, can engage with NFT projects in the earliest stages of development knowing that they’ll receive their warranted part of the project in the form of newly minted tokens.

Transaction fees on blockchains rise in direct proportion to the demand for a particular digital product. In the case of freshly minted NFTs, buyers express their willingness to pay more for the transaction. The buyers who put up a higher fee are more likely to see their transactions go through first. When time is ticking and a new NFT is soon to sell out, buyers are willing to pay more for a quicker transaction. The transaction fees can become much more expensive than the NFTs themselves. In essence, this dynamic produces a type of digital auction that’s commonly referred to as a gas war.

NFT whitelists eliminate this problem by giving buyers a certain time window to purchase their NFTs. This removes the sense of competition from the equation, meaning people no longer have to outbid each other with higher transaction fees. The end result is a fairer, more democratic system in which people don’t have to waste their cryptocurrency simply to complete the purchase.

While thousands of genuinely interested buyers can complicate a new launch, spam accounts bring the problem to another level. Many projects are inundated with presale requests from fake crypto wallets and fraudulent accounts. Some nefarious actors will even register hundreds of accounts at once. Whitelists keep this type of behavior from seriously affecting the minting process.

An NFT whitelist will typically prevent mass registrations. It also blocks spam that comes from non-whitelisted addresses. This creates a cleaner, healthier digital environment, allowing the NFT project to focus on actual buyers who are genuinely enthusiastic about the tokens being minted.

An NFT whitelist works by gathering digital wallets or crypto addresses and then giving those addresses early access to newly minted NFTs. Many NFT projects exist on the Ethereum blockchain, meaning your ETH address is what will ultimately end up on the list.

The first step as a potential buyer is to get your address approved for whitelisting. Most projects want their NFTs to be available for authentic fans and early supporters. They want to avoid mere investors and, especially, spam accounts. During the approval phase, the project will assess your account and decide whether it’s worth adding to the whitelist.

Once your account has been placed on the NFT whitelist, you’ll be assigned a date and time for minting a new token. The length of the time slot varies by project, but many whitelists grant a two-day window. Since you're already on the list, all you’ll have to do is wait for the assigned date to arrive. At the appointed time, you’ll be able to log in to your account and mint an NFT as promised.

Getting on an NFT whitelist brings all sorts of benefits for an investor or fan, but it’s not without its drawbacks. Like any mechanism, NFT whitelists have both pros and cons. Your job is to decide which way the scale tips for you as an investor.

The most obvious benefit of getting on a whitelist is that it guarantees you access to a certain NFT. When a soon-to-launch token is in extremely high demand, you might fear that you’ll miss out on the initial minting process, and be forced to pay at a higher rate on the secondary market. A whitelist eliminates this risk.

Another main advantage is that whitelists save you from having to participate in a gas war. The open time slot to make your purchase means you won’t have to pay extra for faster transactions. Saving on fees allows you to put more money toward actual NFT purchases.

A final benefit is a bit less obvious. The process of pursuing placement on NFT whitelists will help you get much more involved in the general NFT community. You’ll learn a lot about how basic systems operate, and you’ll become a better, wiser investor.

The principal drawback of getting on whitelists is that it’s a time-consuming process. Making sure your address is on a popular list requires hours of online engagement. You need to publicly tout the token on social media, and discuss key issues with other fans on the project’s Discord server. This can be a lot of work — and you still might not end up on the whitelist.

Another issue with the whitelist approach is that there’s no guarantee a project will pan out. You could gain early access to an NFT that ultimately fails to gain any traction. When this happens, you can lose both time and money for no real tangible benefit.

A final concern is that scammers sometimes take advantage of would-be investors who are hoping to be placed on a whitelist. You can protect yourself from this risk by remaining wary of sudden offers that come from unknown sources. Scammers might send you direct messages, or encourage you to follow random links. Exercise extreme caution — and engage only with people who are verifiably connected to a known project.

NFT whitelists are important mechanisms, but they don’t create a perfect investing scenario. Of course, a perfect investing scenario can never exist. Staking your money in a project will always require effort and involve a certain amount of risk. All the same, whitelists offer considerable benefits with only a few drawbacks. Countless investors have used them to successfully mint NFTs. Now that you know the pros and cons of the system, you can decide whether the whitelist method is right for you.

The good news is that you’ll eventually get on some whitelists if you put in the time — and stay at it. Once you succeed, you’ll realize why this has become such a prominent strategy in the NFT ecosystem. Here are the four steps to follow if you want your efforts to prove successful.

To get on a project’s whitelist, you need to engage well before an NFT has launched. Pre-launch projects don’t get the same publicity as NFTs that are already on the market, so you’ll have to do a bit more digging to find them. As you look at planned projects, you’ll have to trust your judgment and decide which ones are likely to take off in the future.

Try following NFT experts on Twitter, and subscribing to YouTube channels that focus on NFTs. Just by checking these platforms regularly and staying in the loop, you’ll hear about many exciting projects in the early stages of development. You’ll also learn a lot more about NFT trading in general, making you a wiser investor moving forward.

Discord is a social platform where people or groups can host special communities called “servers.” It’s also the main online space for NFT planning and organizing. If a project is in the works, you can expect its founders and developers to be discussing their plans on Discord.

Once you’ve identified a project you’re interested in, the next step is to join that project’s Discord server. There’s no better way to stay up-to-date on the latest developments, interact with other members of the nascent community, and, eventually, land on the project’s NFT whitelist than this. You should be able to find a link to the server from the project’s public Twitter page.

The NFT project’s server will likely have all sorts of useful information, including the project’s road map, the background of founding team members and all the latest announcements. You can use the space to learn more about the project before making a commitment. Then, you can probably ask to join the whitelist from within the server.

Check for instructions on joining the whitelist in the “announcements” sections of the site. If you can’t find any information on your own, start up a chat and ask other members of the group. People should be happy to steer you in the right direction.

It always helps to know as much as possible about an NFT as you go about applying for a position on its whitelist. That’s why following the project on Twitter is such a good idea. There’s no easier way to stay on top of the latest developments, since all you have to do is check your feed and see what the founders are posting.

While Discord is the central planning center for most NFTs, Twitter acts as an additional outlet for news and updates. You wouldn’t want to miss anything important that the founders tweet out to their followers. 

If you don’t have a Twitter account, establish one as soon as possible. The platform is truly indispensable for a committed NFT trader. If you have an account but rarely use it, you may want to up your game. The best investors take advantage of all the informational resources at their disposal.

Joining an NFT whitelist isn’t usually as simple as just clicking a button to “join now.” In most cases, you’ll have to apply to join, proving you meet certain eligibility requirements in the process. You may also have to make some changes or act on some basic instructions to meet the criteria.

Every NFT has different standards, and each project will have its own application process. In some cases, all you’ll have to do is fill out a simple online form. Other projects will ask you to invite other users to the Discord server, turning you into a sort of marketer for the token. Whatever is asked of you, the instructions should be clear enough for you to easily follow them.

Once you’ve met the eligibility requirements, you’ll be asked to provide your crypto wallet’s details. Assuming your crypto address is approved, you’ll be placed on the whitelist and given a time slot for minting your token. From there, all you have to do is wait for the appointed day to arrive.

How to Increase Your Chances of Getting on an NFT Whitelist

Even if you follow all the steps outlined above, there’s no guarantee that you’ll get on a project’s whitelist. Popular tokens are often in high demand, and you’re competing with other supporters who covet a spot. To increase your chances of landing on the list and earning early access to the tokens, you’ll have to demonstrate your support for the group.

In essence, you need to show the founders that you’re contributing to the overall well-being of the project. This requires engaging with other users and hyping the upcoming tokens in prominent digital spaces. With the right set of tactics, you can prove your value to a project and improve your chances of landing on the NFT whitelist of your dreams.

Many NTF projects are meant to create a vibrant online community. If you want to catch the attention of the founders, then contribute to this nascent in-group as much as you can. 

Chat with other users on the Discord server. Tweet about the latest developments on your personal account. Ask meaningful questions that show your genuine interest in the project. These types of actions will get noticed, and the founders will appreciate the time you're putting into the project.

Every NFT founder dreams of attracting more supporters and buyers to their project. If you can help with these efforts, you’re bound to gain the appreciation of the people in charge. 

Take some time to promote the token in question on other Discord servers, always placing your promotions in the “shill” chat room that’s designated for this purpose. While this type of direct marketing might take some getting used to, it will go a long way toward endearing you to the decision-makers of the NFT’s ecosystem.

Nothing shows your enthusiasm for a project like creating fan art. When you produce your own designs based on the idea of the token, you show just how much time and energy you’re willing to devote to the project. You also help promote the token through your own work. 

If you’re a creative person, consider putting your artistic chops to the test. Not only will creating the fan art help you get on the NFT whitelist, but it could also be a lot of fun.

Many projects promote themselves on social media with giveaways, offering places on their whitelists in exchange for free promotion. All it takes to participate in these giveaways is to retweet or share information as instructed. You might not actually get on the whitelists, but you can increase your odds by participating in as many giveaways as possible.

When an NFT project is first getting off the ground, founders are desperate to attract attention to the tokens and create a bit of hype. This makes them more willing to offer easy access to the NFT whitelist. 

As the project gets off the ground, the demand for whitelist spots increases, making it harder to earn a spot. Therefore, it behooves you as an investor to discover exciting projects in the earliest possible stages. If you find a project that’s just beginning its online existence, you can probably secure a spot on the whitelist and guarantee yourself early access to tokens.

Is an NFT Whitelist Worth Trying to Get On?

Getting on an NFT whitelist is a lot of work. You have to invest considerable time in finding and investigating pre-launch projects. Then, you need to engage with the existing community to demonstrate your value to the central mission. For many traders, this process requires hours of work every week.

Despite the depth and breadth of the commitment, trying to get on NFT whitelists is usually worth the effort. It’s true that you won’t get on all the whitelists you try for, and even when you succeed, the token you receive might eventually fail. Still, the ability to get early access to exciting projects is generally worth the effort.

When you’re on an NFT whitelist, you can get a new token for a fraction of the cost that other buyers will have to pay. You’ll dodge costly gas wars, and you’ll avoid the expensive secondary market altogether. These benefits make NFT whitelists a worthwhile use of time for the majority of serious NFT traders.

NFT whitelists give traders early access to the tokens they’re most excited about. You can use this simple mechanism to avoid gas wars and obtain tokens at a lower total cost. 

If you’re serious about investing in NFTs, there’s no better way to maximize your potential earnings and become more involved in the world of non-fungible tokens than by getting on a whitelist. With the right strategy and a bit of commitment, you can use whitelists to strengthen your investment portfolio.

NFT Whitelist: The Key to Exclusivity & How to Get On One

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards