What term is used to describe the first of users given early access to mint or purchase NFTs before the public sale? Dropee Question of the Day 9 October 2024
by S Bargavi
Updated Oct 09, 2024
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Dropee Question of the Day 9 October 2024
Today's Dropee Daily Question is: What term is used to describe the first of users given early access to mint or purchase NFTs before the public sale?
Explanation
The term refers to a group of users who are given the chance to access NFTs before anyone else. This special access is often granted to build excitement and reward loyal supporters. These users get the opportunity to mint or buy NFTs at a predetermined price before they become available to the general public.
This practice is common in the NFT space, where creators aim to create a sense of exclusivity and urgency. By offering early access, it encourages users to engage more with the project, while also ensuring that those who believe in it from the start have the chance to secure valuable assets before they are sold to a broader audience.
Hints
Here are some hints to help find the answer:
Answer
The correct answer is WHITELIST
Explanation
A whitelist is a list of people who get special access to buy or mint NFTs before everyone else. These people are chosen because they have shown support for the project or are part of a community. Being on the whitelist means you can buy the NFTs at a set price before the public sale starts.
Getting on the whitelist is important because it gives you a chance to own valuable NFTs before they become available to others. This makes it exciting for those who are selected, as they can get rare items that might sell out quickly during the public sale.
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