NFT as earnings
NFTs now allow their holders to earn and multiply their capital by 10-20 times in just a few hours. If you are an investor and you are interested in the opportunity to invest in an interesting project, then it is vital for you to understand what minting is and how to minte NFT so as not to lose your money.
Minting – in fact, this is the purchase of NFT at the start of sales at a very low price. To miner NFT, you need to subscribe to the project’s social networks and wait until a link to the site is dropped a few minutes before the release of tokens, where you can conclude a smart contract almost free of charge.
Conditions for mint
It is important that your wallet has the required amount for a min token. On Solana, this is usually up to 1 unit of crypt. If the project you are interested in is on Ethereum, then usually the amount for the initial purchase reaches 0.2 Ether.
Within a few hours after the start of sales, the price of this token rises several times. Of course, if you purchased a real project, and not a fake. And here are a few steps on how to check the project for honesty before its mint.
Checking the project
1 We look at the site and check if there are any errors somewhere. Do the links on social networks work, are they correct, is it possible to link a wallet to the site. Does the name of the site correspond to the contacts and all the texts on the site.
2 Diving into the project roadmap. This is what the project is about to achieve and what it has already done. It is important to see if the project team has at least one achieved result. Or all they talked about was just words and overdue deadlines.
3 Checking mentions of the project in social networks. To do this, you can simply copy the name of the startup and google it. Perhaps this way you will understand that you were on a duplicate or copy of a page on the site.
4 Check the number of subscribers of the project on Discord and Twitter. These are the main social networks for NFT analysis.
Once you are convinced that the project is really worth the investment, you can take a look at the site’s main timer. There you will see when sales start. And if there are only a few seconds left, then have time to purchase tokens before they run out. By the way, those who have experience use special robots that will definitely press the mint button faster than they themselves.
And the most important advice for minting tokens is to use separate wallets for them with a minimum of crypto for minting NFT, so that if something happens, you lose only this amount, and not all of your cryptocurrency savings. There are fakes that even experienced investors in the world of NFT cannot distinguish, so it is important to keep a cool head and remember about safety, even if this NFT project is a startup of your good friend.