Rikkei Finance

<p>The most often asked question about NFTs is the purchasing strategy. Because these assets are non-fungible, knowing when and how to purchase them is critical. This article will concentrate on the two most common ways for investors to participate in new NFT projects: presales and public mints.</p><h2 id="header-0"><strong>NFT Presales</strong></h2><h3 id="strong-definition-strong"><strong>Definition</strong></h3><p>NFT presale is a sales tactic used by project developers to allow investors to purchase pieces of their collection before they are released. Token presales are routinely distributed to crypto influencers, celebrities, and other individuals via whitelists.</p><p>Whitelists are early access lists of wallets that have been pre-approved for minting by developers. The objective of this strategy is to recognize the early and sincere supporters of an NFT project by including them on the list.</p><p>The requirements for whitelist eligibility differ between NFT projects. They are usually listed in the announcement section of the project&#39;s Discord channel, and the URL to the Discord channel is shared on the project&#39;s Twitter feed.</p><p>Typically, projects will distribute whitelist slots based on Discord engagement. NFT projects will have a nice buzz, and the most active community members that contribute to it will be rewarded. Common indicators include chat frequency and friend invitations.</p><p>The NFT project may also award whitelist slots on Twitter to those who help spread the word about the impending collection by tweeting about it.</p><h3 id="strong-pros-and-cons-strong"><strong>Pros and cons</strong></h3><p>Getting whitelisted is the ultimate goal of every NFT trader, as it has numerous benefits. For starters, users can purchase NFTs at the lowest feasible cost and gain access to some of the rarest ones with special attributes.</p><p>Furthermore, whitelists can drive demand and value up effectively. As a result, whitelisted users frequently get to sell their NFTs at a greater price when the project launches or afterwards.</p><p>Other community benefits available to presale token holders include reduced fees on future collections and exclusive access to decentralized autonomous organizations (DAO) for governance, money usage, and other purposes.</p><p>While the whitelist is a less expensive way to get engaged in a project, there are no assurances with crypto. At the time of writing, whitelisted users who purchased Pixelmon NFTs for 3 ETH may only sell their assets at a floor price of 0.2 ETH.</p><p>Furthermore, the desperation to get onto whitelists leaves naïve users vulnerable to wallet breaches, phishing assaults, and rug pulls.</p><h2 id="header-1"><strong>Public mints</strong></h2><h3 id="strong-definition-strong"><strong>Definition</strong></h3><p>Public mints function similarly to presales, with the exception that purchasing begins at launch. Following the end of the presale, the developers will announce a date for the tokens&#39; public sale. All users have to do are visiting the project’s website, connecting their crypto wallet and clicking the “Mint” button. Although it is still possible to mint things with unique attributes, the great opportunity is mostly dependent on the quantity remaining and how well you perform in gas battles.</p><h3 id="strong-pros-and-cons-strong"><strong>Pros and cons</strong></h3><p>Purchasing an NFT from a public market gives you access to the project&#39;s demand and analytical records. While this does not always avoid the investment of an illiquid project, it does help in filtering low-prospect projects based on demand.</p><p>On the other hand, NFT collections with considerable activity at launch are frequently regarded successful, leading to an increase in gas fees. Public sales are conducted on a first-come, first-served basis. Skilled NFT traders will engage in &#34;gas wars&#34; to be the first to get served. This means miners raising gas rates in the hope that their transactions will be processed faster than those of other competing users. You should be aware that even if your transaction fails, you will still be charged for petrol, and there are no refunds. By participating in presales, whitelisted individuals can avoid the exorbitant minting gas fees.</p><p>And, of course, the market can be harsh at times, with no certainty of long-term demand.</p><h2 id="header-2"><strong>NFT Presales vs Public Mint: Which is better?</strong></h2><p>There is no better or worse way to buy an NFT; at the end of the day, your decision should be based solely on due research. Users should dig deeper into any enterprise into which you wish to invest your money, not merely FOMO due to buzz.</p><p><em>Disclaimer: The information herein is for educational purposes only and should not be considered financial, investment, or trading advice. Please conduct your own research and due diligence before making investment decisions. You understand that you are using the Information provided at your own risk.</em></p>

When to buy NFTs: In presales vs Public Mints?

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