wil Profile picture
11 Nov, 20 tweets, 5 min read
wen whitelist for NFT project?
πŸ§΅πŸ‘‡
what is whitelist (WL)?
- guestlist for ppl to mint within a period of time

why?
- gives a fair chance for those who can't afford the crazy gas fees, aka gas war!

so what is the proper WL distribution?
0% WL
pros
- "fair" = everyone for themselves

cons
- not a lot of ppl can afford gas wars
(higher demand, higher transaction fees)
- easier for ppl with savvy tech to exploit

founder pov:
- no guaranteed sales
- no scarcity/no fomo
- no gauge of interest
100% WL
pros
- rewards insiders/communities
- guaranteed sell out

cons
- not inclusive
- not "fair" for those who missed out on WL
- less word of mouth

founder pov:
- guaranteed sell out
- limited botting (more control)
- limited community interest once WL spots r gone
depending on the type of NFT project:
1. hyper niche ->100% WL
(your 1000 fans is all u need)
2. mainstream -> 65% WL 35% public
- allows for community building, inclusivity, collaboration and the right amount of excitement for your project.

how? πŸ‘‡
first in foremost - must be FAIR
true community building.
last thing u want is a bot farm
getting majority of your allocation.

we also want to minimize any backdoor deals
vet your mods, hold tight control.
you have to care, even if you are
pulled in 10000 directions.
~5% --> friends, family, team.
don't forget those who support u and lend a hand

~10% --> goes to collab partners who share the same values as the one u aspire to build. they will uplift ur project

~50% --> should go to your core community
those u going on the adventure with
~35% --> public.
those who might have missed the WL.
those who have high hopes and don't mind gas
those who may be looking for a quick flip due to hype.

last type of ppl i would want to attract
are those looking for quick flips, why?
unrealistic expectations.
when the dust settles, when the parties over,
when things hit the fan.

these are the first ppl to abandon ship.
these are the first ppl to bash the project.
these are the first ppl to pour salt on wounds.
if
u spend the time in curating ur community
u spend the time in vetting as much as u can
u spend the time in the details

your job becomes much simpler as you build.
your adventure becomes much more enjoyable.
one may ask then - why don't we just expand collection size, 12000, 20000, 30000?

supply + demand.
high supply + not enough demand
= no momentum

low supply + high demand
= too much hype

this is why managing ppl's
expectations is key.
do not over hype.
let the work speak for itself.
your job as a founder
is to create unparallel amount of value
for ppl going on the adventure with you.

what is value?
- that is determined by u.
- some focus on tokens/games/art/breed/etc.
for instance: @thelittlesnft
the value we promote?
- the art
- the experience (support/entertainment)
- the emotional connection (family/love)

anything else is just smokes and mirrors
which over-inflates the price.
is this for everyone?
no.

but thats ok, u just need those
who are the right fit.

and this takes time to curate.
which is why we are starting with 10k units.
not 12k, 15k, 20k, despite
the overwhelming interest.

don't get greedy.
1 step at a time.
know for one thing -
even if you have done everything perfect,
you can't satisfy everyone.

someone is not going to get the WL
someone is going to pay high gas
people will always complain.

that is ok - b/c u have a strong,
core community now.

thats what matters.
take this and build your community.
share with your friends who are building a collection.
like and retweet if you've read this far to win 1/20 WL spots for @thelittlesnft
i bury this in here to reward my true supporter
who spend the time to educate themselves
🌟🌟🌟
ps: this is only my philosophy, not financial advise
pps: feel free to join our discord as you see me #buildinpublic @thelittlesnft
#wethelittles #LetsPlay
discord.gg/thelittles
ppps:
auto disqualify if you spam or dm me abt WL.
or wen wl, etc. etc.
i just preached no backdoors... 🀣
why don't you share:
1 thing you are blessed for today 🌟
pppps: contest closes in 24 hrs
(nov 11, 5pm PST)

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More from @wilxlee

5 Nov
5 Steps to Get Rich in NFTs (without getting lucky):
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inspired by @Loopifyyy @mrjasonchoi @naval 's thread

speaking from a regular dude who got lucky and started 3 mths ago.
first we must understand -
the value you bring is proportional to
how much you will make.

these are the different activities that
allows you to create value.
now lets dive in πŸ‘‡
Read 18 tweets
4 Nov
printing --> inflation --> crypto? πŸ€”
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hearing this a lot.
kind of hard to wrap my head around it,
so lets try to unpack this a little.

to hold up the economy
lets follow the $πŸ‘‡
gov prints $ to buy bonds
lots $ flows to the banks
high supply $ => lower cost to burrow $
lower interest rates (%) = cheap $
cheap$ attracts biz to build/invest
$ used to hire ppl + buy ingredient/material
regular joe now has $ to spend on food/entertainment

economy roars 🐯
Read 15 tweets
3 Nov
#1 critical skill that determines
the success of your NFT project (2/x)
πŸ§΅πŸ‘‡
listen
.
.
.
.
.
reiterate.
.
repeat
this thread is a deep dive of one topic
in the whole series. 2/x

feel free to check out the high level here
Read 16 tweets
2 Nov
how to create a successful NFT series (Your Niche)
deep-dive πŸ§΅πŸ‘‡
this thread is a deep dive of one topic
in the whole series. 1/x

what is a niche?
why its critical to your projects success?
steps in how you can find your niche.

feel free to check out the high level hereπŸ‘‡
so what is a niche?

Niche/niCH,nΔ“SH/
- a specialized segment of the market for a particular kind of product or service

simply put, serving an underserved market
Read 20 tweets
30 Oct
my personal defi guide
πŸ§΅πŸ‘‡
lots of have asked what i did with my investments since selling right before nft winter.

so here it goes.
(the full break down)
i believe #nft + #defi is interlinked and must be understood in order to do well in the crypto market. its how money flows.

think of it like surfing a wave.
- read the weather, see the waves
- get in position
- when the right wave comes
- paddle like crazy and surf away πŸ„ Image
Read 28 tweets
27 Oct
how to create a successful NFT series (guide)
πŸ§΅πŸ‘‡
first in foremost - this will be highlevel and
throughout the coming weeks,
ill drop the deep dive to each.

lets dive in πŸ‘‡
1. identify your niche

reason why pfp projects succeed is way beyond the art.
its not about the fox, bears, toadz, apes, cats, etc.

its abt filling a certain void in the marketplace
its abt serving a certain demographic and
invoking a certain feeling.
Read 18 tweets

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