Courtesy of wiki.tino.org

On Saturday, March 19, we had our first talk on Twitter Space with partners about the topics surrounding the whitelist meta. The conversation lasted more than an hour, thanks to the presenters' and guests' passionate involvement.

Participants (as hosts and speakers) from Trait Sniper are members of the core team, including Kiraa, Hyper, Max, and Kat.

Special guests to chat with us include Wiz (Founder of Kingdom), Savito (Co-Founder of the Kingdom), and Snipegunner (721 Club DAO team).

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Courtesy of 721 clubs

Notice: These are practical discussions by people with experience and knowledge of the NFT market. If you don't feel confident enough about the background (about whitelists) to read this article, check out our more basic article here.

Current ideas about whitelists’ meta

At the beginning of the conversation, Kiraa (Founder of Trait Sniper) mentioned the fact that now the whitelist seems to have become so popular that it no longer looks like the "golden ticket" it used to be. The opportunity to be whitelisted is everywhere, nearly every NFT project is applying it to promote their products before launch. This, to a certain extent, reduces the sense of profit for buyers significantly. It's simply that when the majority of people are labeled "special", then they are no longer special.

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So is the whitelist still good for buyers and needed for marketing campaigns of projects? Responding to this issue, Snipegunner affirmed that whitelists are still a good option and worth pursuing. He explains that people's feelings about the popularity of whitelists don't change the fact that you can still make a lot of money by being whitelisted in potential projects. Well, the problem here is how to know which potential projects to follow.

Dan (a participant from Nifty Gateway), with extensive work experience in this field, agrees with this opinion. He added that buyers should consider the belief that you get what you pay for. Whitelisted opportunities can appear everywhere, but the price for them is not the same. Not only money, you also have to invest a lot of effort to update information and learn more every day to be able to make smart choices.

Our Hyper doesn't object, but he thinks that some projects, even good ones, are intentionally releasing useless whitelists to attract people. Hyper believes that instead of the quantity, the quality of the whitelist needs to be improved.

The role of communities’ moderators

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Our guests acknowledged the above contribution, however, they also believe that other parties also need to fulfill their responsibilities to their communities. Support from mods in the communities means a lot to buyers beyond their own efforts.

Most moderators want to roll out as many whitelists as possible. They will try to collect information about whitelists everywhere and then share them back with the communities. This activity helps their communities to attract more followers and their products will be more reputable. The downside here is that if buyers are too dependent on whitelists of little value, they will miss many good opportunities and be confused on their way.

Of course, we can't blame the mods for trying to give people more chances of being whitelisted. But obviously careful selection before sharing information about the whitelists is extremely necessary.

Snipegunner shared that the 721 Club team has always tried to limit the number and increase the benefits hidden in their whitelist. When the number exceeded the intended level, they divided the membership into several ranks to ensure the interests of both parties.

When whitelists are wasted

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In the first case, as Dan mentioned, there were people who won the whitelist but then did nothing to take advantage of them. While many potential investors have to falter because they have missed the opportunity to be whitelisted.

Wiz and the others admit that they know it well. But that's not the same as being in an unfair or wasteful situation. Because even when trying to manipulate whitelists, there are still many steps to turn whitelists into real profits. People shouldn't expect that they will succeed just because they have a whitelist and vice versa (don't win a whitelist doesn't mean you have zero).

The second case, as mentioned by participant Agito, is that many people are so worried about their budgets that they don't have the courage to grab the whitelist even if it's within reach. He also expressed concern that he did not know which communities to trust and join. Because constantly updating information in social networks is really time-consuming.

Our guests all agree that the best way to start is to try as much as possible and be ready to go wrong. Not every potential NFT project is expensive and competitive in the first place. So you can experiment with investing in many pre-launched projects with very little money each. Just be aware of the projects in which you believe. When you have your first successes, you will get a sense of what is right.

Predicting the future of whitelists

Whitelists will continue to be the golden tickets

When it comes to the future of whitelists, everyone agrees that the way NFT firms use them in marketing efforts, as well as the way customers approach them, are continually evolving and growing more diversified. However, the role of whitelists will always stand as long as the gas wars still create tension and the rushes to buy NFTs for investment persists. The NFT market, though already crowded, is expected to expand even further. So surely the whitelists will continue to accompany us for a long time.

Technological enhancements

Right now it is very common for people to use bots and programs to manage and hunt whitelists. The sophistication of these tools is likely to only increase. While there is no alternative for wise decisions made by individuals with good perspectives, failing to stay up with technological advancements will cost you more. So don't just focus on keywords like "make money", "offers", or "opportunities"... but also pay attention to the announcements (I know it can be boring and confusing) related to technological advances in communication channels.

Conclusion

Hope this information has brought a lot of meaning and increased the inspiration about NFTs in you. Follow us on Twitter for more talks. There will always be exciting giveaways for active participants.

Disclaimer

Trait Sniper retains complete execution authority over any final whitelisting choices.
This release is meant to raise awareness about these initiatives and is not intended to provide financial advice.

Twitter Space 19.03 - Everything about whitelist meta with Trait Sniper

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