In the NFT world, whitelisting typically means that a crypto wallet address, (i.e. a public ETH address), is pre-approved for minting of NFTs on specified dates/times (usually a date/time window).
Whitelisting allows NFT projects to reward early supporters with guaranteed slots for them to mint an NFT (or multiple NFTs with respect to the whitelisting/project rules).
Whitelisting also allows supporters to avoid “gas wars”, which is when multiple people try to mint NFTs simultaneously, driving up transaction prices. The pre-approved users on the whitelist are able to disseminate their mints in such a way that they are not absolutely all transacting at the same time, hence avoiding a sudden spike in transaction prices.
To get whitelisted for a project, you usually need to become listed on a project’s Discord group to learn the standards so you can get whitelisted.
The term whitelisting originates from the information technology/cybersecurity world and generally means an “allow” or “safe” list, but in the NFT world this means something more specific.
For NFTs, whitelisting is the procedure to getting a crypto wallet address pre-approved for another NFT mint (generally known as a “drop”).
Since most NFT are launched on the Ethereum blockchain, the address being whitelisted would be your public Ethereum (ETH) address.
What does it mean to be whitelisted?
To be whitelisted means that you have gone through the process/steps, as defined by the NFT project team, to getting your ETH address pre-approved to mint an NFT at some predefined date and time.
Usually this date and time for whitelisted addresses is set as a window of the time. For example, some projects may allow whitelisted addresses to mint an NFT anytime in a predefined 48-hour period.
We sale a playable NFT character for The Sandbox.Playable in-store after unboxing ceremony The NFTs represent the character skins available for in-store play in the METAVERSE comic book shop
We are currently in presale and we are releasing a limited amount of Vox box heroes NFTs for early purchase. These characters were inspired by our love for comic books and collectibles. During Presale character will be available for sale in limited supply.There is currently 100 different characters subject to be released, not including (Limited Mint) Editions tba.Limited Mint Editions will range from 100 to 1 of 1Whitelisting scheduled for February 28 2022 The First 1000 Vox box heroes NFTs buyers whitelist positions are insured along with (1) guests.To immediately create equity for early buyers, prices will be raise every 100 new buyers until whitelisting.After Public Sales begins we announce Community Staking pool supported on the Cardano Blockchain.Each buyer gets a portion of their purchase staked in the community liquidity pool. Box opening will announce our location in The Sandbox.Cover Art Token holders will receive immediate access to our back rooms vaults. Merchants Cover Art Tokens will be activated giving sales access.All other Rare Cover Art Token holders will be given specific details on access on confirmation of purchase inside the NFTs. Unboxing will be a premium cost for public sales and Presale owners will be given 75% off unboxing.Unboxed characters will be sold play-ready at a premium
Richoffcrypto is a project to bring comic books to the METAVERSE. Our goal is to create a community marketplace and platform for publishing comic book. Each NFT represents either a contract for entry or a contract for commerce in our community. The NFTs Themselves or Cover Art Tokens are selections from our METAVERSE comic book library vault (digital copies of our physical comic book collection only accessible in our store and not for sale). thier market place consists of buyers, sellers and authors/writer of comic books. All Cover Art Tokens purchased will have a percentage given to charity and a percentage put into a liquidity pool created from a cardano staking pool.
What is whitelisting used for?
Whitelisting is typically used for 2 general purposes:
To reward early supports of NFT project
To prevent a “gas war”
Whitelisting to Reward Early Supporters
With the large number of NFT projects launching weekly, project teams need to find ways to incentivize early supporters of the project.
One way to do this is by offering early supporters to can get on a whitelist to mint their NFT pre-launch.
The whitelist not only guarantees a supporter a spot to mint, but can also allow for a reduced price for the NFT (or even a free of charge NFT).
By doing so, supporters are incentivized to remain engaged with the project and promote the project to friends very in early stages in the project lifecycle.
This can work especially well for a project if an NFT influencer hears about the project and promotes it to a huge audience.