Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Macro Overview — U.S. September Payrolls Top Estimates

In September, U.S. job growth exceeded expectations, with nonfarm payrolls rising by 254,000 — the highest increase in six months — while the unemployment rate unexpectedly fell to 4.1%. Hourly earnings grew by 4% year-over-year, signaling robust wage growth. This positive payroll report alleviates concerns about a deteriorating labor market, as demand for workers remains strong and layoffs are low. The Federal Reserve is less likely to implement a significant interest-rate cut in November, as Fed Chair Jerome Powell noted that protecting the labor market has influenced recent monetary policy decisions.

The report highlighted gains in leisure, hospitality, healthcare and government sectors, although manufacturing saw job cuts for the second consecutive month. The underemployment rate fell to 7.7%, marking its first decline in nearly a year. Despite some uncertainties, including potential impacts from strikes and Hurricane Helene, analysts suggest that the outlook for a soft landing of the economy has improved. While the participation rate held steady, the prime-age worker rate dropped slightly. Overall, these developments indicate a resilient labor market, potentially influencing future Federal Reserve interest rate decisions.

Weekly Crypto Highlight — AAVE ETF Coming?

Grayscale has initiated the Grayscale Aave Trust, providing investors with exposure to AAVE, the token linked to decentralized lending protocol Aave. As the 44th largest cryptocurrency by market capitalization, AAVE plays a crucial role in the 

 (DeFi) sector. This trust will operate as a closed-end fund, distinguishing it from Grayscale's existing exchange-traded funds (ETFs) for Bitcoin and Ethereum.

Grayscale has articulated that the Aave protocol seeks to disrupt traditional finance by applying 

, thereby enhancing the efficiency of lending and borrowing processes. Although DeFi protocols inherently carry risks, Aave's established reputation and thorough audits alleviate some investor concerns. Grayscale's expansion into trusts for various cryptocurrencies, including 

, follows recent approvals for Bitcoin and Ethereum Spot ETFs, signaling a broader trend.

Despite minimal prospects for the approval of Solana and XRP Spot ETFs, the introduction of the Aave Trust suggests rising interest from traditional financial institutions in established DeFi protocols. This trend indicates growing recognition of the potential of DeFi within the conventional financial landscape.

Total Bitcoin Spot ETF Flows.Source: CoinGlass, as of Oct 4, 2024

Bitcoin’s price dropped from $66,000, finding support around $60,000, while Bitcoin Spot ETFs experienced outflows early this week. However, BTC has since recovered some losses, rising back to $62,000 as the broader equity market reacted positively to a stronger-than-expected September payroll report.

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Weekly Institutional Insights — Hot September Payroll Reports Reignite Market Sentiment

Inspired by a baby pygmy hippo from Thailand, MOODENG demonstrates how internet culture and its viral phenomena can drive the success of meme coins.

In an unbelievable turn of events, an anonymous trader managed to 

 into a jaw-dropping $7.5 million, all by trading Moo Deng (MOODENG) — the 

 inspired by a viral pygmy hippo from Thailand. Launched on Sep 10, 2024 (exactly two months after the eponymous hippo’s birth), the Moo Deng meme coin has rapidly gained a cult following in the crypto community, proving just how powerful the fusion of internet culture and cryptocurrency can be.

This article dives into the fascinating rise of the Moo Deng meme coin and explores its quirky charm, unique features and prospects in the wild world of cryptocurrencies.

Moo Deng is a meme coin project inspired by a viral pygmy hippo from Thailand. Launched on 

 in September 2024, it quickly captured the attention of the crypto community, reflecting the influence of internet culture on cryptocurrency trends.

Moo Deng, the pudgy three-month-old pygmy hippo, is the unlikely star behind the Moo Deng meme coin project. Born in July 2024 at Khao Kheow Open Zoo in Thailand, she shot to internet fame thanks to her zookeeper, Atthapon Nundee, who couldn’t resist sharing the calf’s daily antics on social media. It didn’t take long for netizens to fall in love with Moo Deng’s adorable tantrums and playful personality. Fans started creating and sharing their art and memes — and just like that, the chubby hippo became a global sensation.

Her viral fame led to the creation of the Moo Deng coin on the 

. This unexpected blend of cuteness and internet virality shows just how wildly influential online culture can be, shaping trends across industries in the most delightful ways.

The Moo Deng project seeks to create a fun, engaging space that draws new users to the Solana blockchain. It’s riding the wave of the viral Moo Dong meme, hoping to spark more interest in 

 (DeFi) and get more people involved in crypto. Beyond that, Moo Deng also strives to provide a platform for community-driven projects and charitable causes, promoting social responsibility among its users. 

The Moo Deng meme coin operates on the Solana blockchain, tapping into the adorable appeal of its namesake pygmy hippo to boost community engagement and investment. Users can easily buy, sell and trade Moo Deng tokens on 

This meme coin thrives on social media trends, with a dedicated fan community sharing memes, images and updates that keep the buzz alive. Unlike traditional cryptocurrencies, MOODENG’s value often fluctuates based on online chatter and community excitement, rather than conventional market fundamentals. 

To show their support for the Khao Kheow Open Zoo, where Moo Deng lives, the team behind MOODENG has pledged to donate 100% of the trading fees generated through the Moonshot app to the zoo. In addition, the project has embraced community-driven initiatives, allowing token holders to vote on its proposals and participate in charitable activities. 

As with many meme coins, Moo Deng experiences rapid price swings, often driven by speculative trading and the thrill of community involvement. Just as with 

 before it, the success of Moo Deng hinges upon maintaining momentum in a volatile market where its value is shaped by the whims of investors and the joy of the online community.

MOODENG, the Solana-based native token of the Moo Deng meme coin project, is designed to fuel the Moo Deng community. It acts as a medium of exchange for trading, staking and incentivizing user engagement.

With a fixed total supply of 989,971,791 tokens, MOODENG's scarcity could help drive up demand and boost its value. The token's distribution strategy focuses on community rewards, marketing efforts and liquidity provision, ensuring healthy trading activity and long-term growth. This balanced approach aims to attract new investors intrigued by the project’s unique blend of viral culture and community-driven initiatives.

In just weeks since its launch, Moo Deng (MOODENG) has skyrocketed past a $300 million market capitalization and hit an all-time high of $0.3387 as of Sep 28, 2024 — an incredible 1,146% increase from the week before. This meteoric rise makes it one of the few meme coins to reach such heights in recent times. As of Oct 4, 2024, MOODENG has climbed into the ranks of the top 300 cryptocurrencies by market cap, 

The token's charm comes from the viral fame of its namesake, and this cultural phenomenon has led to substantial trading activity. In the past 24 hours alone (as of Oct 4, 2024), MOODENG's trading volume has reached $104 million.

While meme coins are known for their volatility, Moo Deng’s current value and trading activity show no signs of slowing down — thanks to its unique branding, engaged community and the renewed interest in meme-based cryptocurrencies. An unofficial 

 on X has already attracted over 59,000 followers, highlighting Moo Deng's rising popularity.

Thanks to this adorable little hippo, the Khao Kheow Open Zoo has welcomed a 50% increase in visitors, prompting plans for a 24-hour livestream of Moo Deng to satisfy public demand. Moo Deng’s fame has also spread to her immediate family: her mother, Jona, along with siblings Moo Toon and Moo Waan, now have their own tokens, too.

Looking to trade Moo Deng tokens? Bybit now offers the MOODENGUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

While MOODENG's rapid rise and enthusiastic community support make it an exhilarating prospect, remember that meme coins are speculative by nature and often volatile. Without any intrinsic value, the price of this token is largely swayed by online trends and social media hype, making it a bit of a wild ride. As with all cryptocurrency investments, potential investors should 

Moo Deng’s rise as both a cultural phenomenon and meme coin demonstrates the power of internet culture in shaping new trends. While the token’s growth has been rapid and exciting, its future depends upon continued community support and interest. As with any cryptocurrency, potential investors need to stay informed and consider the risks before getting involved.

Intermediate

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Moo Deng (MOODENG): A Solana-Based Baby Hippo Meme Coin

Grayscale has launched the Grayscale Aave Trust, providing investors with exposure to Aave, a decentralized lending protocol on Ethereum and the 44th largest cryptocurrency by market cap. 

The SPX index was down by 0.17% as the market was impacted by rising oil prices, which surged over 5% following President Biden's support for Israel potentially striking Iran’s oil facilities. Additionally, U.S. labor market data showed signs of cooling, with a rise in jobless claims and fewer planned layoffs. Investors are now awaiting the September jobs report for further insights. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.35%, with Bitcoin rising by 1.40% and Ether dropping by 1.90%, in the past 24 hours.

Today's top performer is STX, which surged 3.6% following Stacks' success of their Bitcoin Builders event after a successful Asia tour and announcing the next Developer Event.

Stacks (STX), launched on January 2021, enhances Bitcoin with smart contracts and decentralized apps as a layer-1 solution, aiming to decentralize the internet and reduce big tech's dominance. It uses the security of Bitcoin to back its ecosystem, allowing for the creation of modular dApps. 

, which introduced thousands to the Stacks Bitcoin Layer 2 ecosystem. They are now seeking input on where to hold their next Bitcoin Builders event globally.

Check Out the Latest Prices, Charts, and Data of 

, providing investors with exposure to Aave, a decentralized lending protocol on Ethereum and the 44th largest cryptocurrency by market cap. The trust operates like a closed-end fund, allowing accredited investors to buy shares that track Aave's price. This follows Grayscale's earlier approvals for Bitcoin and Ethereum ETFs. Aave, a major DeFi protocol, aims to optimize lending and borrowing through blockchain and smart contracts, reducing intermediaries. Grayscale also offers trusts for other cryptocurrencies, including XRP, Bitcoin Cash, and Chainlink.

Yesterday, the total flow for BTC Spot ETFs was -$90.2 million, with no flow for GBTC and a -$90.2 million outflow from non-GBTC funds.

, allowing sENA and rsENA holders to start earning rewards from Ethereal DEX. Ethereal's waitlist is now live, and the first 1,000 users will gain access to an exclusive early user Telegram group.

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Grayscale Launches Aave Trust, Expanding Investor Access to DeFi Lending Protocol

Our weekly crypto derivatives analytics report dives into macro events, the current state of crypto and trading signals from spot trading volume and futures, options and perpetual contracts.

The U.S. presidential election is creating a volatility premium for options expiring after Nov 5, 2024. While longer-term volatility smiles have consistently favored out-of-the-money (OTM) calls, short-term options have recently mirrored this trend. This suggests that the decline in spot prices at the end of September hasn’t significantly dampened sentiment in the derivatives markets.

Please check out some of the report’s highlights.

Futures Activities Subdued After Month-End Expiration

Spot price volatility leading up to the Sep 27, 2024 futures expiration resulted in the highest trading volumes in futures contracts in over a month. This surge was primarily focused on BTC contracts, reflecting a trend we've seen throughout much of the market's recent history. The expiration of a substantial quarterly contract at the end of September caused a decline in open interest, as not all traders opted to roll their positions into later expirations. Consequently, futures activity is currently much lower compared to that in perpetual swap markets.

While the expiration of the September contract led to a significant drop in futures open interest, the effect on perpetual swap contract markets was comparatively mild. Although we observed a decline in perpetual open interest at the end of the month, this was likely due to the closure of long positions as spot prices retreated toward the lower end of their recent range. 

This shift halts an upward trend in open interest that had been approaching all-time highs, but it doesn’t indicate a major decline — especially considering the high trading volumes recorded over the last two days of the month.

BTC ATM Implied Volatility Falls Sharply Since Fed Rate Cut

Positioning in BTC options markets continues to be heavily influenced by the U.S. election narrative. This is most evident in the term structure, which indicates significantly higher volatility expectations following the election, while short-term options are trading at much lower levels. The rise in implied volatility for these shorter tenors contrasts with the recent decline in actual volatility, which has reached lows for the month as spot prices remain relatively stable. 

Over the past week, trade volumes have mirrored this shifting sentiment, showing similar activity in both puts and calls. However, neither trade volumes nor open interest levels have surpassed recent figures, reflecting the range-bound nature of BTC spot prices, which remain influenced by broader macroeconomic factors.

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Oct 2, 2024): Positive Sentiment Persists Following Recent Decline in Spot Prices

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