All About NFT Whitelists and How to Get Whitelisted in 3 Easy Steps.
The NFT whitelisting process is all about obtaining pre-approved minting cryptocurrency wallet addresses.
In addition to minting priority, whitelisted address users can enjoy other benefits based on the project, such as transaction fee reductions and exclusive content.
Learn how to whitelist Binance NFTs and other NFT projects on the market.
The NFT whitelist allows users to enjoy benefits such as minting priority. Learn how to get a cryptocurrency wallet address pre-approved on Binance NFT here.
Due to the constant onboarding of new NFT users, NFT projects have adopted a measure called “whitelisting”, which grants pre-sale minting rights only to pre-approved cryptocurrency addresses. Whitelisting benefits both projects and users, as whitelisting reduces fraud and avoids gas wars.
While some platforms have more transparent requirements than others, such as Binance NFTs , the criteria for whitelisting approvals vary from platform to platform. Please register a Binance account immediately to participate in a fair NFT whitelisting process and enjoy the rights to join the whitelist.
Want to get involved? Read on to learn how NFT whitelisting works and the steps to improve your chances of being whitelisted.
Disclaimer: Whitelisting does not guarantee certain benefits. NFTs are an emerging asset class that is still developing. None of the information contained herein constitutes investment or financial advice. Always do your research before deciding to buy, sell or trade NFTs.
What is NFT whitelisting?
NFTs (Non-Fungible Tokens) are constantly evolving to encapsulate proof of ownership for many assets such as digital art, metaverse land sales, NFT game items, and even physical items. With such a wide range of use cases, it’s no wonder that the NFT phenomenon is so popular in the cryptocurrency space.
Many new and old NFT projects have active and highly engaged communities that want to get the latest NFT launches from their favorite projects. For some projects, it is critical that the latest release be both democratic and accessible to all. The fairest way to achieve this is called a whitelisting process.
Whitelisting allows NFT projects to provide opportunities for the community to mint NFT sales before public minting or sales.
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Why use a whitelist?
There are three reasons why projects use NFT whitelists: to reward early backers, to avoid gas wars, and to guard against spam.
Reward early backers
Whitelisting provides a way for small groups of the community to gain early access to upcoming NFT releases. Some projects may release free NFTs and exclusive content for whitelisted users, while other projects may allow whitelisted users to get pre-sale at a discounted price. Whitelisted benefits vary by specific NFT project.
Whitelist registration requirements also vary by project. Some projects require the completion of a series of tasks, or a minimum wallet amount of assets for a specific project. There is no standardized process for whitelisting, and some programs will even give you pre-approval without a formal application process if you actively participate in community events and group chats.
Avoid fuel wars
Because open NFT sales do not require a whitelist, a large number of users interacting with smart contracts at the same time can cause transaction fees to rise significantly. Such incidents occur because users compete to get minting transactions approved first, driving up the cost of gas fees, creating the so-called “gas fee wars.”
In contrast, whitelist registration only allows a select number of wallet addresses to mint NFTs before a public sale, meaning sales are less likely to experience network congestion and gas fee wars. The other most effective way that whitelisting can avoid the gas fee problem is to decide on a specific timetable for when NFTs can be minted. It is worth noting that the gas fee price will vary depending on the entire blockchain network traffic situation. Sometimes whitelist promotions are influenced by other minted promotions or external events. The whitelist concept of NFT projects has another benefit. If there are many users who want to join the whitelist, it will bring enthusiasm to the release of the project, the project itself, and potential subsequent releases.
Battling Spam
After creating a whitelist of users, the project can block spam from non-whitelisted addresses. In addition, the whitelisting process can effectively prohibit mass account registrations. Preventing spam accounts from gaining access to pre-sale minting is critical, as spam accounts can slow down network efficiency and increase users’ gas bills.
Benefits of NFT Whitelisting
Get NFTs before public release
While attracting many users shows that this is a successful NFT project, it also means that minting NFTs is full of competition. Whitelisted users often get priority or guarantees to mint NFTs to avoid competition, on-chain traffic, and skyrocketing gas fees. For example, some projects only allow whitelisted users to mint NFTs at any time during a predefined 48-hour period. As mentioned above, some projects may even offer exclusive NFTs as a thank you to early backers.
Reduce the risk of fraud
A classic example of fraud is when someone repeatedly buys and sells their own assets to artificially inflate the price. This process is called “shuffling,” and it’s one of many tricks criminals use to manipulate markets.
Since users generally have to pass a whitelist standard before they can get an NFT pre-sale, in theory, the risk of fraudulent behavior is reduced. Limiting minting time can also deter bad actors from trying to monopolize the NFT market.
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Whitelist warning
While priority or early access to cryptocurrencies may sound profitable, users should be aware that whitelisting and minting pre-sale NFTs does not guarantee certain benefits. If the NFTs you mint are unpopular, these NFTs will end up as illiquid assets that are difficult to sell on the secondary market. Be sure to do your research before investing and only invest in projects you are willing to lose. Due to the high volatility of the market, there is no way to accurately predict the demand for assets offered by new projects.
How to Whitelist in Three Steps
1. Find projects before they are released
The NFT market has a lot of potential projects looking to attract new users. These new NFT projects may offer whitelisted points before their official public release. In other words, join the whitelist as early as possible.
If you like finding new opportunities and trying new products, this approach is for you. However, if you are not an early adopter, you need to be aware of the risks involved, as the reliability of the new project you are investing in has yet to be proven. Because fraud is common, be sure to do your research before whitelisting.
2. Join a Discord group
After doing your research and deciding to participate in a project, you need to join the project’s chat group to join the project’s community. For NFT projects, Discord is the main communication tool, followed by Twitter. Each Discord group varies by project, but information about the whitelisting process is often posted on the announcement channel. If you don’t find information, please explore other channels in Discord groups. Maybe you missed the whitelist time or the project doesn’t have a whitelist. Also, ask other members of the community chat group. Most projects have common channels that facilitate communication about the project or other common topics.
3. Apply to join the whitelist
After doing enough research on the project and whitelist criteria, you can apply to be added to the whitelist.
The whitelist application process may be by filling out a simple Google Form, or joining by becoming an active referrer for the project. Some projects even use a lottery system in the whitelisting process. Each project is unique and has its own rules governing the whitelisting process.
Because the requirements are different, there is no guarantee that you will be able to enter the NFT whitelist. For example, a creator-focused project might whitelist only the winners of art competitions. Because the screening process is unique, it is linked to a Discord group where staying up to date with new developments will benefit users who wish to be whitelisted.
At times, the screening process may not be completely transparent. You should only complete tasks that you are comfortable with. If you fail to whitelist, don’t forget that other projects in the market have such opportunities as well.
How to Whitelist on Binance NFTs
Because of the lack of transparency, it may be difficult to be whitelisted on other platforms or companies. However, in Binance NFT, thanks to the Binance NFT subscription mechanism, the screening criteria are transparent and fair.
Through the subscription mechanism, users can exclusively obtain the latest NFT sales as long as they meet the prerequisites for NFT or Binance Coin. For example, specific sales are dedicated to specific NFT holders, such as our recent Easter subscription mechanism sale.
As NFTs continue to flourish, competition for minting can be intense depending on the popularity of the project. If you are interested in minting NFT, please consider applying to be whitelisted to increase your chances of successful minting. Be sure to build the reputation of the NFT project and take the time to do your research before making any transactions.
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Comment by jetonwhy
February 16, 2025
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