Our weekly crypto derivatives analytics report delves into macro events; the current state of crypto and trading signals from spot trading volume; and futures, options and perpetual contracts.

After mostly trading sideways at the end of April 2025, a US-UK trade deal sparked a crypto rally. BTC surged past $100K for the first time since February, but it’s ETH's performance that captured the derivatives market's attention. 

A 23% increase in ETH's spot price led to an inverted term structure and a spike in front-end volatility. The put/call skew for ETH shifted from a bearish bias to a nearly 10% skew toward OTM calls. Other sentiment indicators, such as perp funding rates and futures yield, also supported the rally. In contrast, while BTC's funding rates and skew have increased, its implied volatility remains low at 40%, over 30 points below ETH's 7-day implied volatility.

Please check out the report’s highlights.

ETH’s record performance since 2021 was propelled by positive term structure

ETH has significantly outperformed BTC and the top 10 cryptocurrencies, marking its largest single-day gain since May 2021. The options market has reflected this enthusiasm, with implied volatility for short tenors rising sharply and inverting ETH’s term structure, thus contrasting with BTC's muted, positively sloped structure. The 7-day tenor for ETH is now trading at a 33-point premium over that for BTC. 

While puts dominate BTC's open interest, ETH is seeing the opposite trend. On May 8, 2025, options volumes surged over $120M, more than double the typical monthly volume, with $60M more in calls than puts. ETH now boasts a positive futures curve and funding rates, as well as a strong skew toward OTM calls.

ETH sees exceptionally bullish put/call skew

ETH's substantial outperformance in the current crypto rally has led to bullish sentiment in its derivatives markets. Funding rates have surged, futures yields are strongly positive and the put/call skew has shifted significantly toward OTM calls, now close to 10%. This starkly contrasts with early April, when the skew was 20% toward OTM puts. Although ETH has underperformed (relative to BTC and other "ETH killers"), it has rebounded in this rally, with the ETH/BTC ratio rising after spending most of the year declining.

Open interest for Bitcoin options increased, with implied volatility remaining suppressed

The announcement of the new US administration's first trade deal, nearly 30 days into Trump's 90-day tariff pause, jolted crypto markets, pushing BTC back up above $100K. Surprisingly, implied volatility has remained suppressed, failing to invert BTC's term structure, with front-end volatility trading at around an 18-month low of 35-40%. On May 8, 2025, options volumes surged, with call volume reaching $189M, reversing last week's trend of higher put volumes. Meanwhile, open interest rose steadily to exceed $300M, the highest level this month, but remains significantly larger for puts than for calls despite the price increase.

Advanced

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Bybit X Block Scholes crypto derivatives analytics report (May 9, 2025): Ether’s put/call skew turns remarkably more bullish than Bitcoin’s

This article explores how Sign works, its flagship products (such as TokenTable, SignPass and EthSign), its native token (SIGN) and how to trade SIGN on Bybit.

Sign is an omnichain attestation infrastructure that empowers users and developers to verify real-world claims on-chain. Built for a more transparent and decentralized future, it eliminates the need to “just trust” and enables everyone to verify with cryptographic proof.

This article explores how Sign works, its flagship products (such as TokenTable and EthSign), its native token (SIGN) and how to trade SIGN on Bybit.

 is an omnichain attestation protocol designed to make it easy for anyone to verify the authenticity of any claim — 

. Whether it’s a document, credential or user identity, Sign transforms traditional trust models into verifiable, cryptographic attestations. 

Sign’s mission is to replace outdated, opaque validation systems with transparent, 

 proof — enabling a future where “verify” replaces “trust.” Through tools like schema registries and digital signatures, Sign empowers users to bring accountability and integrity to digital interactions.

Sign is developed by the team behind EthSign, a 

-native e-signature and agreement platform. Its core team brings deep experience in 

 development and cross-chain integrations.

The project is backed by top-tier investors, including Sequoia Capital China (now known as HongShan Capital Group), Mirana Ventures, HashKey Capital and Hack VC.

This strategic funding positions Sign as a foundational layer in the web3 infrastructure stack.

Sign allows users to create attestations — cryptographically signed statements that prove the validity of claims, such as credentials, achievements or actions. These digital proofs can be verified by anyone at any time, making them tamperproof and transparent.

Sign’s key technical elements include a schema registry that ensures consistent data formatting, digital signatures proving authenticity, and on- and off-chain attestations with support for revocation or updates

This system acts like a programmable layer for web3, bringing a new level of trust to identity, credentials and data exchange.

TokenTable is Sign’s flagship token distribution platform. It helps projects unlock, distribute and manage tokens transparently and securely at scale.

It uses Sign’s attestation engine to verify token unlocks, 

 and vesting schedules, ensuring traceable, auditable token flows.

SignPass is a blockchain-based identity solution that brings real-world credentials on-chain. One notable implementation is the Sierra Leone PR Card, used for the world’s first government-approved on-chain permanent residency program.

SignPass offers encrypted on-chain records for easy 

 verification, physical ID issuance for daily identity use and streamlined digital application systems for cross-border access.

It showcases the way blockchain can modernize public sector services worldwide.

EthSign is a decentralized contract signing platform that lets users create, sign and store legally binding agreements directly on-chain. It removes intermediaries and ensures documents are immutable and accessible.

EthSign reinforces Sign’s mission by bringing traditional documentation into the realm of verifiable web3 attestations.

The SIGN token is the native utility token powering the Sign ecosystem. It’s used for:

The total supply is capped at 10 billion SIGN, with 1.2 billion tokens in circulation. While the fully diluted valuation (FDV) sits above $746 million as of May 7, the circulating market cap is approximately $89.6 million. SIGN continues to gain traction across exchanges and developer networks.

SIGN is available for trading on Bybit via Spot trading and as a USDT Perpetual contract. Bybit offers up to 75x leverage for the SIGNUSDT Perpetual contract and supports secure, high-liquidity spot trading.

Start exploring the future of attestations with SIGN on Bybit today.

Intermediate

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Sign (SIGN): Web3 protocol for trustless attestation

Compliant trading means following platform rules and avoiding manipulative behavior. Learn more about how you can trade responsibly and compliantly on Bybit.

Crypto trading has come a long way from what used to be the domain of institutional players, and is now open to almost anyone with an internet connection. It’s easier than ever to buy and sell digital assets, try new strategies or build a portfolio from scratch all within minutes.

But with that level of access comes responsibility. As more people join the market, the need for fairness and accountability has become even more important. This isn’t just about price charts or profits — it’s about keeping the playing field level for everyone involved.

At Bybit, we take that responsibility seriously. We're here to offer the tools, safeguards and education you need to help you trade responsibly and to protect the platform from misuse.

This article describes what it actually means to trade compliantly, why it matters — and what can happen if things go off course.

Compliant trading means playing fair, following the platform’s rules, staying within the boundaries of what’s allowed and avoiding anything that could unfairly affect the market.

It’s not about avoiding risk: it’s about knowing what you’re doing, using official tools the right way and making sure your trades aren’t causing harm to yourself or others.

In short, compliant traders don’t just focus on their P&L — they understand that how they conduct themselves while trading matters. Responsible trading protects their accounts, keeps the platform stable and builds long-term credibility in the crypto ecosystem.

Why does responsible and compliant trading matter?

It’s easy to assume that compliance is only something platforms or regulators need to worry about. But in reality, every trader plays a part. When someone attempts to exploit the system — for example, by coordinating mass trades through off-platform channels — the consequences can ripple across the entire market.

In extreme cases, irresponsible trading behavior can:

And if the trades in question are linked to coordinated action, use of fake accounts or external bots? That opens the door to account freezes, compliance reviews and, in some cases, permanent suspension.

Bybit has a responsibility to act when the system is being abused — not just for legal reasons, but in order to protect honest traders.

Common examples of noncompliant or risky behavior

Some traders join Telegram groups or online communities in which KOLs (key opinion leaders) give out coordinated trading instructions (for example, “Buy token A now, sell it in an hour”). This practice isn’t just risky: it often involves a small number of insiders benefiting while the majority end up with losses.

When many people follow the same instruction all at once, it can artificially inflate the price of a low-liquidity token. The KOLs then exit at the top —while others are left with falling prices and unexpected liquidations.

Such a textbook case of market manipulation violates our Terms of Service and, depending upon jurisdiction, could violate financial laws.

Using bots or unverified trading strategies

Some Telegram groups may seem convincing, but trades coordinated off-platform are often unverified and may serve someone else’s agenda. 

 programmed to front-run trades, mimic pump-and-dump strategies or follow unverified signals can trigger compliance red flags and may lead to account restrictions.

Bybit does not support trading bots from unverified sources. They can also trigger flags in our monitoring systems, which may result in account suspension.

Using another person’s account or sharing login credentials — even if it’s with a family member — goes against both Bybit’s policies and global 

(AML) rules. It also opens the door to fraud, loss of funds and irreversible penalties.

Tips for responsible and compliant trading on Bybit

The good news is that there’s a better way to trade — responsibly, safely and with confidence, starting with the right tools, mindset and habits.

Use copy trading the way it’s meant to be used

 is one of Bybit’s most trusted features, and for good reason. It gives users access to professional traders’ strategies while maintaining full transparency. However, it only works if you follow verified 

These traders have been vetted and their stats are fully visible. You can view their P&L, risk settings and trade history. Bybit also provides built-in tools, such as 

 and staking products allow you to earn passive yield with minimal effort. These products are fully backed by our infrastructure and undergo regular audits, and are a compliant way to generate returns without chasing risky trades.

No matter how convincing a Telegram group may sound, remember that trades executed outside of regulated channels are unverified and often unaccountable. They may be coordinated for someone else’s gain.

 offers a wide range of articles and tutorials, covering everything from indicators and oscillators to advanced portfolio strategies. Before following any external signal, it’s worth spending 10 minutes to understand the rationale behind it. In trading, knowledge is your best form of compliance. Before you enter any position, ensure that you fully understand the asset you're trading, the current market conditions and the risks involved.

, never share your login credentials, and always enable two-factor (2FA) authentication. In addition, all trading activity should originate from your own account and remain under your own control.

Bybit’s systems are designed to flag irregular behavior. If your account is found to be engaging in prohibited activity, even unintentionally, you may be:

We take these steps in order to protect the broader user base and to uphold market fairness.

Being compliant doesn’t mean missing out on opportunity. In fact, it’s the opposite. It means you’re using the platform the way it was designed, with safeguards, transparency and trust. Shortcuts might look appealing in the short term, but they rarely end well. The most successful traders on Bybit are the ones who understand risk, stay informed and trade with integrity.

Take the time to learn and use the tools available to you. And remember: protecting your account starts with choosing how you’ll trade.

Beginner

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How to trade compliantly and responsibly on Bybit

Discover how DAI evolved into USDS under the Sky protocol—unlocking passive rewards, scalability, and a new era of DeFi with Sky Token Rewards.

In September 2024, MakerDAO, a pioneering 

 (DeFi) protocol, underwent a significant transformation by rebranding itself as 

 (SKY). This rebranding was part of the project's comprehensive strategy to enhance scalability, user engagement and regulatory compliance. The major changes that came with the rebranding include token upgrades, whereby the platform’s stablecoin, Dai, was upgraded to USDS (Sky Dollar) while the 

Let’s take a deeper look at USDS and its role on the Sky platform.

USDS (United States Dollar Sky) is the upgraded version of the Dai stablecoin, launched under the newly rebranded Sky protocol (formerly MakerDAO).

 Like DAI, USDS is a decentralized, overcollateralized stablecoin designed to maintain a 1:1 peg with the US dollar.

However, USDS significantly improves scalability, user incentives and regulatory positioning, making it a next-generation solution for DeFi.

One of the standout features of USDS as a stablecoin is that it creates 

 opportunities for its investors. With USDS, you can access the Sky Savings Rate (SSR) feature, which allows you to participate in the Sky ecosystem's governance by accumulating Sky Token Rewards (STR) (presented in the form of SKY tokens).

SSR also features a variable automated token accumulation feature, whereby you receive 

 to the SSR program. This passive earning potential offers a major advantage for users seeking yield without complicated 

Sky uses a dynamic model that adds USDS to the SSR pool every few seconds. Over time, the value of sUSDS in the particular pool increases. You can then opt to redeem your sUSDS for USDS, and receive the USDS you initially supplied in addition to the USDS equivalent you’ve accumulated.

These rewards serve as an incentive mechanism, enabling users to passively grow their holdings while supporting the health and stability of the Sky ecosystem.

Upgrading from DAI to USDS is straightforward. Users can visit Sky.money and initiate the upgrade directly through a noncustodial, user-controlled process.

The platform provides a simple interface on which users connect their wallets, exchange their existing DAI for an equal amount of USDS and instantly become eligible for yield accumulation and other Sky ecosystem benefits. There are no fees for the upgrade, and users retain full control of their assets at all times.

USDS isn’t just a stablecoin; it’s an evolution of DeFi money. With passive earning through Sky Token Rewards and a smooth, secure upgrade path, USDS sets a new standard for the way decentralized stablecoins can deliver value and financial empowerment to users worldwide.

USDS and DAI are both decentralized stablecoins originally developed under the MakerDAO ecosystem (now Sky). While they share the same core principle — overcollateralization and the maintenance of a 1:1 peg with the US dollar — USDS represents a major evolution of DAI, introducing additional incentives designed to enhance user experience, scalability and regulatory alignment.

DAI has long been a favorite in the DeFi ecosystem, allowing users to generate stablecoins by locking up crypto collateral such as 

. DAI features a savings program, the DAI Savings Rate (DSR), from which people can earn 

 (sDAI). While the DSR program is still running, upgrading to USDS lets you earn two types of rewards through the SSR program: sUSDS tokens and Sky Token Rewards (STRs).

In addition, USDS is well positioned to meet regulatory requirements, aiming for broader mainstream adoption while maintaining decentralization.

Below is a comparison table between DAI and USDS:

USDS is backed by collateral that’s deposited in Sky vaults by borrowers. In return, the reserves for these vaults are backed by three main assets: 

With a market cap of over $8 billion, USDS is the currently third-largest stablecoin after 

 is more complex than that of typical stablecoins, as it includes liquidation mechanisms and a peg-stability module. However, an audit of USDS’s smart contract in September 2024 didn’t report any significant risks with the stablecoin. Notably, S&P Global Ratings 

 of 4 out of 5, indicating constrained ability to maintain its peg under certain conditions. 

​Additionally, the proposal to include a freeze function for USDS, which bestows upon the Sky protocol the power to halt USDS transfers between wallets, has sparked heated discussions within the community, highlighting the ongoing conundrum of balancing security measures with principles of decentralization.

The evolution of DAI to USDS marks a major leap forward for DeFi. By combining DAI's trusted and overcollateralized model with additional passive earning opportunities through Sky Token Rewards, USDS empowers users to enjoy greater financial benefits with less complexity.

The streamlined upgrade process and stronger regulatory positioning set the stage for broader adoption and a more resilient future. As Sky continues to build, USDS represents more than just a stablecoin — it’s the foundation of an open, accessible and more rewarding financial ecosystem for everyone.

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From DAI to USDS: Unlocking an open Sky for a more rewarding future

Bybit Learn

Always wanted to get early access to NFT projects so that you can mint NFTs? Here is a guide on how you can do so by getting on an NFT whitelist!

 (NFTs) as soon as they’re minted is a great way to maximize potential gains. Every trader wants to buy low and sell high, and popular NFTs are often available at the lowest prices immediately after launching. Unfortunately, the fierce competition for these newly minted tokens can drive up prices and send transaction fees through the roof.

NFT providers have alleviated these problems by creating whitelists for early supporters. In this article, you’ll learn how

 work and how you can use them to your advantage.

An NFT Whitelist is a database of people who are guaranteed early access to mint NFTs at a certain date and time. Being on such a list helps buyers avoid exorbitant secondary prices and hefty transaction fees for popular NFTs.

NFTs launch, or “drop,” on a specific, predetermined day. If you’ve been whitelisted for that NFT, you’ll have a certain amount of time to buy a newly minted token before it’s made available to outside buyers. 

As you wait for your time slot, your crypto wallet will sit on the NFT whitelist. This mechanism makes NFT launches more democratic, ensuring early access for true supporters and avoiding the competition and gas wars often associated with popular NFT projects.

We’ve answered the question, “What is an NFT whitelist?” But we haven’t learned exactly 

 they exist. This question is central to the

. Whitelists didn’t enter the NFT universe all of a sudden. They were developed in direct response to a few key issues that were plaguing NFT projects.

Whitelists haven’t solved every issue with NFT project launches, but they’ve made the process much smoother and fairer. The notable improvements stem from successfully solving these central issues. Following are some of the primary reasons for using whitelists.

NFTs, by their very design, are exclusive goods with a limited supply. This means the tokens are often exhausted as soon as they’re minted — especially for popular NFT projects. Many hopeful buyers are left out in the cold with empty hands. Once they find themselves in this situation, they must either resign themselves to missing out or buy the tokens at elevated prices on a secondary market.

Many NFT projects would rather avoid this type of fierce, relentless competition. After all, the idea is to build a community where people interact online and unite over a shared set of values or beliefs. The implementation of an NFT whitelist keeps pure speculators at bay, limiting the competition and making it easier for certain people to get their hands on the vaunted tokens.

NFT projects are often slow in developing, and they need a lot of early hype to build momentum and guarantee a successful launch. In the ideation stage, when a project exists only in the minds of creators, social media allows for early marketing and community-building. The first supporters of a project are often the ones responsible for really helping the idea take off.

Unfortunately, the fierce competition described above can keep these true fans from getting their hands on tokens once they’re actually minted. This is a fundamentally unfair situation. Not only are early supporters often the people most excited to buy the tokens, but they’ve also put in considerable amounts of work on the project’s behalf. They’ve likely shared the idea with friends, hyped it on social media, and engaged directly with creators about how to carry the project forward. To miss out on the fruits of all this labor is a crushing blow, and it disincentivizes people from supporting similar NFT projects in the future.

Driving these fans away was harmful to NFT providers because it eliminated the enthusiastic base they counted on for early support. Whitelists gave them a workable solution. Now, creators could add early supporters to an NFT whitelist, thereby guaranteeing them early access to the NFTs they’ve helped create. 

Everyone wins in this scenario. The NFT projects establish an enthusiastic base of loyal followers. Traders, meanwhile, can engage with NFT projects in the earliest stages of development knowing that they’ll receive their warranted part of the project in the form of newly minted tokens.

Transaction fees on blockchains rise in direct proportion to the demand for a particular digital product. In the case of freshly minted NFTs, buyers express their willingness to pay more for the transaction. The buyers who put up a higher fee are more likely to see their transactions go through first. When time is ticking and a new NFT is soon to sell out, buyers are willing to pay more for a quicker transaction. The transaction fees can become much more expensive than the NFTs themselves. In essence, this dynamic produces a type of digital auction that’s commonly referred to as a gas war.

NFT whitelists eliminate this problem by giving buyers a certain time window to purchase their NFTs. This removes the sense of competition from the equation, meaning people no longer have to outbid each other with higher transaction fees. The end result is a fairer, more democratic system in which people don’t have to waste their cryptocurrency simply to complete the purchase.

While thousands of genuinely interested buyers can complicate a new launch, spam accounts bring the problem to another level. Many projects are inundated with presale requests from fake crypto wallets and fraudulent accounts. Some nefarious actors will even register hundreds of accounts at once. Whitelists keep this type of behavior from seriously affecting the minting process.

An NFT whitelist will typically prevent mass registrations. It also blocks spam that comes from non-whitelisted addresses. This creates a cleaner, healthier digital environment, allowing the NFT project to focus on actual buyers who are genuinely enthusiastic about the tokens being minted.

An NFT whitelist works by gathering digital wallets or crypto addresses and then giving those addresses early access to newly minted NFTs. Many NFT projects exist on the Ethereum blockchain, meaning your ETH address is what will ultimately end up on the list.

The first step as a potential buyer is to get your address approved for whitelisting. Most projects want their NFTs to be available for authentic fans and early supporters. They want to avoid mere investors and, especially, spam accounts. During the approval phase, the project will assess your account and decide whether it’s worth adding to the whitelist.

Once your account has been placed on the NFT whitelist, you’ll be assigned a date and time for minting a new token. The length of the time slot varies by project, but many whitelists grant a two-day window. Since you're already on the list, all you’ll have to do is wait for the assigned date to arrive. At the appointed time, you’ll be able to log in to your account and mint an NFT as promised.

Getting on an NFT whitelist brings all sorts of benefits for an investor or fan, but it’s not without its drawbacks. Like any mechanism, NFT whitelists have both pros and cons. Your job is to decide which way the scale tips for you as an investor.

The most obvious benefit of getting on a whitelist is that it guarantees you access to a certain NFT. When a soon-to-launch token is in extremely high demand, you might fear that you’ll miss out on the initial minting process, and be forced to pay at a higher rate on the secondary market. A whitelist eliminates this risk.

Another main advantage is that whitelists save you from having to participate in a gas war. The open time slot to make your purchase means you won’t have to pay extra for faster transactions. Saving on fees allows you to put more money toward actual NFT purchases.

A final benefit is a bit less obvious. The process of pursuing placement on NFT whitelists will help you get much more involved in the general NFT community. You’ll learn a lot about how basic systems operate, and you’ll become a better, wiser investor.

The principal drawback of getting on whitelists is that it’s a time-consuming process. Making sure your address is on a popular list requires hours of online engagement. You need to publicly tout the token on social media, and discuss key issues with other fans on the project’s Discord server. This can be a lot of work — and you still might not end up on the whitelist.

Another issue with the whitelist approach is that there’s no guarantee a project will pan out. You could gain early access to an NFT that ultimately fails to gain any traction. When this happens, you can lose both time and money for no real tangible benefit.

A final concern is that scammers sometimes take advantage of would-be investors who are hoping to be placed on a whitelist. You can protect yourself from this risk by remaining wary of sudden offers that come from unknown sources. Scammers might send you direct messages, or encourage you to follow random links. Exercise extreme caution — and engage only with people who are verifiably connected to a known project.

NFT whitelists are important mechanisms, but they don’t create a perfect investing scenario. Of course, a perfect investing scenario can never exist. Staking your money in a project will always require effort and involve a certain amount of risk. All the same, whitelists offer considerable benefits with only a few drawbacks. Countless investors have used them to successfully mint NFTs. Now that you know the pros and cons of the system, you can decide whether the whitelist method is right for you.

The good news is that you’ll eventually get on some whitelists if you put in the time — and stay at it. Once you succeed, you’ll realize why this has become such a prominent strategy in the NFT ecosystem. Here are the four steps to follow if you want your efforts to prove successful.

To get on a project’s whitelist, you need to engage well before an NFT has launched. Pre-launch projects don’t get the same publicity as NFTs that are already on the market, so you’ll have to do a bit more digging to find them. As you look at planned projects, you’ll have to trust your judgment and decide which ones are likely to take off in the future.

Try following NFT experts on Twitter, and subscribing to YouTube channels that focus on NFTs. Just by checking these platforms regularly and staying in the loop, you’ll hear about many exciting projects in the early stages of development. You’ll also learn a lot more about NFT trading in general, making you a wiser investor moving forward.

Discord is a social platform where people or groups can host special communities called “servers.” It’s also the main online space for NFT planning and organizing. If a project is in the works, you can expect its founders and developers to be discussing their plans on Discord.

Once you’ve identified a project you’re interested in, the next step is to join that project’s Discord server. There’s no better way to stay up-to-date on the latest developments, interact with other members of the nascent community, and, eventually, land on the project’s NFT whitelist than this. You should be able to find a link to the server from the project’s public Twitter page.

The NFT project’s server will likely have all sorts of useful information, including the project’s road map, the background of founding team members and all the latest announcements. You can use the space to learn more about the project before making a commitment. Then, you can probably ask to join the whitelist from within the server.

Check for instructions on joining the whitelist in the “announcements” sections of the site. If you can’t find any information on your own, start up a chat and ask other members of the group. People should be happy to steer you in the right direction.

It always helps to know as much as possible about an NFT as you go about applying for a position on its whitelist. That’s why following the project on Twitter is such a good idea. There’s no easier way to stay on top of the latest developments, since all you have to do is check your feed and see what the founders are posting.

While Discord is the central planning center for most NFTs, Twitter acts as an additional outlet for news and updates. You wouldn’t want to miss anything important that the founders tweet out to their followers. 

If you don’t have a Twitter account, establish one as soon as possible. The platform is truly indispensable for a committed NFT trader. If you have an account but rarely use it, you may want to up your game. The best investors take advantage of all the informational resources at their disposal.

Joining an NFT whitelist isn’t usually as simple as just clicking a button to “join now.” In most cases, you’ll have to apply to join, proving you meet certain eligibility requirements in the process. You may also have to make some changes or act on some basic instructions to meet the criteria.

Every NFT has different standards, and each project will have its own application process. In some cases, all you’ll have to do is fill out a simple online form. Other projects will ask you to invite other users to the Discord server, turning you into a sort of marketer for the token. Whatever is asked of you, the instructions should be clear enough for you to easily follow them.

Once you’ve met the eligibility requirements, you’ll be asked to provide your crypto wallet’s details. Assuming your crypto address is approved, you’ll be placed on the whitelist and given a time slot for minting your token. From there, all you have to do is wait for the appointed day to arrive.

How to Increase Your Chances of Getting on an NFT Whitelist

Even if you follow all the steps outlined above, there’s no guarantee that you’ll get on a project’s whitelist. Popular tokens are often in high demand, and you’re competing with other supporters who covet a spot. To increase your chances of landing on the list and earning early access to the tokens, you’ll have to demonstrate your support for the group.

In essence, you need to show the founders that you’re contributing to the overall well-being of the project. This requires engaging with other users and hyping the upcoming tokens in prominent digital spaces. With the right set of tactics, you can prove your value to a project and improve your chances of landing on the NFT whitelist of your dreams.

Many NTF projects are meant to create a vibrant online community. If you want to catch the attention of the founders, then contribute to this nascent in-group as much as you can. 

Chat with other users on the Discord server. Tweet about the latest developments on your personal account. Ask meaningful questions that show your genuine interest in the project. These types of actions will get noticed, and the founders will appreciate the time you're putting into the project.

Every NFT founder dreams of attracting more supporters and buyers to their project. If you can help with these efforts, you’re bound to gain the appreciation of the people in charge. 

Take some time to promote the token in question on other Discord servers, always placing your promotions in the “shill” chat room that’s designated for this purpose. While this type of direct marketing might take some getting used to, it will go a long way toward endearing you to the decision-makers of the NFT’s ecosystem.

Nothing shows your enthusiasm for a project like creating fan art. When you produce your own designs based on the idea of the token, you show just how much time and energy you’re willing to devote to the project. You also help promote the token through your own work. 

If you’re a creative person, consider putting your artistic chops to the test. Not only will creating the fan art help you get on the NFT whitelist, but it could also be a lot of fun.

Many projects promote themselves on social media with giveaways, offering places on their whitelists in exchange for free promotion. All it takes to participate in these giveaways is to retweet or share information as instructed. You might not actually get on the whitelists, but you can increase your odds by participating in as many giveaways as possible.

When an NFT project is first getting off the ground, founders are desperate to attract attention to the tokens and create a bit of hype. This makes them more willing to offer easy access to the NFT whitelist. 

As the project gets off the ground, the demand for whitelist spots increases, making it harder to earn a spot. Therefore, it behooves you as an investor to discover exciting projects in the earliest possible stages. If you find a project that’s just beginning its online existence, you can probably secure a spot on the whitelist and guarantee yourself early access to tokens.

Is an NFT Whitelist Worth Trying to Get On?

Getting on an NFT whitelist is a lot of work. You have to invest considerable time in finding and investigating pre-launch projects. Then, you need to engage with the existing community to demonstrate your value to the central mission. For many traders, this process requires hours of work every week.

Despite the depth and breadth of the commitment, trying to get on NFT whitelists is usually worth the effort. It’s true that you won’t get on all the whitelists you try for, and even when you succeed, the token you receive might eventually fail. Still, the ability to get early access to exciting projects is generally worth the effort.

When you’re on an NFT whitelist, you can get a new token for a fraction of the cost that other buyers will have to pay. You’ll dodge costly gas wars, and you’ll avoid the expensive secondary market altogether. These benefits make NFT whitelists a worthwhile use of time for the majority of serious NFT traders.

NFT whitelists give traders early access to the tokens they’re most excited about. You can use this simple mechanism to avoid gas wars and obtain tokens at a lower total cost. 

If you’re serious about investing in NFTs, there’s no better way to maximize your potential earnings and become more involved in the world of non-fungible tokens than by getting on a whitelist. With the right strategy and a bit of commitment, you can use whitelists to strengthen your investment portfolio.

NFT Whitelist: The Key to Exclusivity & How to Get On One

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