Based on your sniper bot development goals, we create advanced trading tools that allow instant automated operations.
In the crypto market, a sniper bot snipes the newly launched tokens the very second they enter the market. To be able to do so, it interacts with the smart contract of a trading platform such as Binance, UniSwap, PancakeSwap, etc.
Using web3, bots connect to various platforms and manage to achieve a high speed of executions due to algorithms.
In DeFi platforms, liquidity pools are resources, pools of tokens locked in a smart contract. Through this mechanism, some users add tokens and earn rewards, and others borrow, or swap tokens.
Liquidity sniping is a process through which a crypto bot monitors a decentralized exchange and reacts when new liquidity pools are created, or funds are added.
Automated actions of a sniping bot are the key to buying tokens as soon as they enter the market. Acquiring tokens sooner, preferably at the time of the creation of the pool, increases the chances to make a profit significantly. Buying tokens early at a lower price and selling later when the price is up is one of the most common trading strategies.
The first step of programming is to build a smart contract and input instructions in it. For that purpose, a developer mainly uses Solidity or other blockchain programming languages.
The next step is building a program through Web 3 and logs, which listens for new trading pairs created on a decentralized exchange.
At the final stages of coding, developers integrate steps into the code. It's required to create the necessary values for the token swap. The script will run and check a trading platform instantly, detecting newly created liquidity pairs.
Developers write the logic, following which, a smart contract executes token swaps.
According to development goals, the Solidity smart contract can support target tokens on selected crypto exchanges.
If developed properly, setting up and running a sniper bot will be easy. In many cases, after getting the bot, users need just to unzip a folder to a desktop, connect their wallets and enter their private keys.
Users select exchanges they want to get access to and monitor. Next, they adjust parameters for trading. This includes selecting tokens and setting amounts to trade.