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Samir Mourani
June 17, 2022
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Early access, lower gas fees and reduced risk of spam are some of the benefits of having your wallet address whitelisted.
NFT Whitelist
NFT whitelisting, in the simplest of terms, is the process of getting a crypto wallet address pre-approved for minting a drop.
Crypto is a game of early adoption. The earlier you’re in, the greater the chance of seeing significant value over the lifecycle of the project. Think about the people who got into Bitcoin below $1,000. The same rings true for NFT projects. So how do you get in early? NFT whitelisting. It’s the process by which your wallet address is pre-approved to gain exclusive access to an NFT drop before it is made available to the general public.
Remember that NFTs could be anything. A piece of digital art, a plot of land in your favorite metaverse, or even a collectible item in play-to-earn games. As demand grows for NFTs, projects are finding creative ways to reward their community supporters. So what are the benefits of whitelisting?
Access at the Presale Level
What’s the best way to reward early adopters? By giving them early access to a project at pre-public market prices. While there is no standardized path for whitelisting, the simplest form can be holding a certain amount of that project’s token at a certain point in time (hence the early adoption). Other methods include contests and giveaways through community social channels.
Helps Mitigate Spam
Whitelisting an NFT drop can ensure that mass account registrations are negated. It also prevents spammers from flooding the system and spiking gas fees thereby affecting the smaller investors.
Avoids Gas Fee Hikes
Gas fees are a crypto user's worst enemy. So when many crypto users are trying to mint from the same NFT project, there is an immediate race to mint thereby charging up fees leading to ‘gas wars’. Early access avoids that.
It’s important to note here that having early access to an NFT project does not guarantee a profit. Do your own research, maybe participate in the community via the social channels to get a sense of the support level for the project. A red flag is when conversation centers around the floor price growing and less so over utility and support for the project. Finally, never click on a link without double checking it, even if it comes from your favorite project. Binance offers a solid breakdown for newer crypto users here that could help guide you along the way.
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2000. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2000. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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June 25, 2022
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Binance NFT Celebrates First Anniversary with Exciting Activities
The industry-leading NFT marketplace celebrated its first anniversary by incentivizing users. Additionally, the protocol plans to launch innovation to ensure users unleash their creativity in the NFT space.
Binance NFT Turns One
Popular Non-fungible Token (NFT) marketplace on BNB Chain, Binance NFT, celebrated its first year in the industry with numerous activities to incentivize its large community.
The industry-leading marketplace introduced three activities to celebrate the milestone, including a chance for users to win Special Edition First Anniversary NFTs and enjoy 24 hours of Zero-fee NFT trading. The protocol shared the event on June 22 through its official blog.
The top activity, zero-fee NFT trading, commenced on June 24 and lasted 24 hours. The other two activities ended on June 23, as users completed two different tasks to win the special NFTs. This unique collection was given to one thousand users who met the criteria outlined in Binance's blog post.
Open Minting Feature for NFTs
The NFT platform seeks to continue improving its service for users, following the huge success in the past year. One of its plans to improve its ecosystem is by introducing an “Open Minting Feature” to empower every user to unleash their creativity on Binance NFT. The protocol documented the innovation through a thread on June 24.
BSC News will follow the platform’s progress in the industry as it looks to provide a seamless environment for NFT enthusiasts to showcase their designs through its upcoming innovation.
What is Binance NFT:
Binance NFT is the exchange’s NFT arm consists of a marketplace, a platform for initial game offering (IGO), and mystery NFT boxes in the Binance Smart Chain (BSC) ecosystem. The top 10 collections on the platform have witnessed more than $80 million in all-time trade volumes, as per data from Binance. There have been more than 44,000 items sold from these collections on the marketplace.
Find more about Binance NFT here:
Website | Twitter | Blog | Instagram | Telegram
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
June 25, 2022
FEG Token Brings June Updates as SmartDeFi 2.0 Approaches
FEG token brings multiple updates that include a website overhaul, logo change, and a new roadmap section.
Major Updates
The FEG Token team released updates for June, including a website overhaul, logo change, and a new roadmap section.
The protocol publicized the new changes through a Twitter thread on June 17. Here are the updates:
- The team revealed that they are working on a RoadMap for release to the community that will show expected time frames and goals.
- The FEG token official site will be undergoing maintenance as they update the official site to reflect updates to the project.
- The FEG team is currently conducting professional creativity exercises and taking community input for Name and Logo changes before voting. In addition, the Design Team is working on a number of Logo options that will be shared when further into the process.
- The team is working on a swap tool for the tracking tokens from staking rewards, and more information will be released on this once completed (built and testing currently).
- Token holders can use beta.FEGex.com to see the prices & charts of $FEG, which are being pulled from major exchanges such as Uniswap (ETH) & PancakeSwap (BSC).
Further, as an added precaution, the team advised that the token migration has NOT begun and advised the public NOT to fall for fake token Migration apps, TG groups, websites, etc.
BSC News reached out to the FEG token team to learn more about the recent updates, but we didn’t get a reply.
What is Feed Every Gorilla(FEG):
FEG explains the main idea behind its token is to provide a decentralized transaction network that operates on the Ethereum blockchain and the BNB Chain. A hyper-deflationary token, FEG has a maximum circulating supply of 100 quadrillions on both the aforementioned chains, including an inaccessible burn wallet. A 2% transaction tax is distributed among all holders based on the percentage of ownership, including the burn wallet, which acts as a holder that collects tokens over a period in which transactions occur. The team is keen to stress that there is no burn limit, and with this being the case, users will enjoy a ‘never-ending cycle of passive income with positive price pressure.’
Where to Find FEG:
Website | Twitter | Telegram |
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
Follow us on Twitter and Instagram!
Looking for a job in crypto? Check out the CryptoJobsNow listings!
What is NFT Whitelisting
Early access, lower gas fees and reduced risk of spam are some of the benefits of having your wallet address whitelisted.
NFT Whitelist
NFT whitelisting, in the simplest of terms, is the process of getting a crypto wallet address pre-approved for minting a drop.
Crypto is a game of early adoption. The earlier you’re in, the greater the chance of seeing significant value over the lifecycle of the project. Think about the people who got into Bitcoin below $1,000. The same rings true for NFT projects. So how do you get in early? NFT whitelisting. It’s the process by which your wallet address is pre-approved to gain exclusive access to an NFT drop before it is made available to the general public.
Remember that NFTs could be anything. A piece of digital art, a plot of land in your favorite metaverse, or even a collectible item in play-to-earn games. As demand grows for NFTs, projects are finding creative ways to reward their community supporters. So what are the benefits of whitelisting?
Access at the Presale Level
What’s the best way to reward early adopters? By giving them early access to a project at pre-public market prices. While there is no standardized path for whitelisting, the simplest form can be holding a certain amount of that project’s token at a certain point in time (hence the early adoption). Other methods include contests and giveaways through community social channels.
Helps Mitigate Spam
Whitelisting an NFT drop can ensure that mass account registrations are negated. It also prevents spammers from flooding the system and spiking gas fees thereby affecting the smaller investors.
Avoids Gas Fee Hikes
Gas fees are a crypto user's worst enemy. So when many crypto users are trying to mint from the same NFT project, there is an immediate race to mint thereby charging up fees leading to ‘gas wars’. Early access avoids that.
It’s important to note here that having early access to an NFT project does not guarantee a profit. Do your own research, maybe participate in the community via the social channels to get a sense of the support level for the project. A red flag is when conversation centers around the floor price growing and less so over utility and support for the project. Finally, never click on a link without double checking it, even if it comes from your favorite project. Binance offers a solid breakdown for newer crypto users here that could help guide you along the way.
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
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