What is a Minting Schedule?
A minting schedule refers to the planned timeline and process for creating new non-fungible tokens (NFTs) on a blockchain. It details when, how, and in what quantity NFTs will be minted, allowing both creators and investors to understand the release strategy for a specific project.
Key Components of a Minting Schedule
- Minting Dates: Specific dates and times when NFTs will be available for minting, often announced through social media or project websites.
- Quantity: The number of NFTs to be minted during each stage or phase, which can be crucial for managing scarcity and demand.
- Phases: Minting can occur in multiple phases, such as pre-sale, public sale, or auction, each with defined rules and participant eligibility.
- Price Points: The cost at which NFTs will be minted can vary based on the phase, and this is often outlined in the schedule.
A well-structured minting schedule helps in building anticipation and ensures a smooth launch for both the creators and buyers. It is essential for maintaining transparent communication, making it easier for collectors to plan their purchases.