The Bullet Sniper
Good to know: depending on the product you're building, it can be useful to explicitly document use cases. Got a product that can be used by a bunch of people in different ways? Maybe consider splitting it out!
Investors that hold a specified amount of tokens will be granted access to the BULLET SNIPER which will place them on par with the best snipers in business. Based on the volume of the holdings, multiple functions will be enabled within the Sniper’s utilities, such as:
- honey pot checker – a great tool that won’t allow users to jump into a honeypot at launch
- true mempool sniping, either we talk about added liquidity or other functions enabling the contracts
- rug pull protections, that keep your assets safe
- autoselling options, with huge ways of creating rules, from simple take profits or cut loss, to future price drop predictions
- auto detection of absurd fees or blacklisted blocks
- frontrunning of different mempool events, and much more…
And that, without ever asking for your private key!
What is the mechanism behind it?
To facilitate token trading on a pair, the team will typically add liquidity to the pool at a predetermined time, which is commonly referred to as a "launch."
The Sniper waits for this transaction to be published to the blockchain before placing a buy order in the same block with the launch, usually before any manual buys have a chance. The user, than, can sell at a time that is convenient for their trading plan.
It performs instant analysis of the contract code for every token as soon as it's deployed in the blockchain network, even before it's available for trading on an AMM like Uniswap or Pancakeswap, by reverse engineering the target token's Solidity bytecode, so investors don't have to wait for the contract owner to publish the source code.
This tool gives investors access to large amounts of information on any target token, including its name, symbol, contract addresses, and owner.
Other data points include:
- the balance in the owner’s wallet,
- transaction tax for buy & sell orders (identify potential honeypot tokens before they are launched),
- slippage required for successfully executing token transactions
- max transaction limits imposed by the contract creator for various reasons, including anti-whale measures,
- max wallet size permitted by the target token contract
- contract functions identifying when its owner adds liquidity and permits token trading.
- the number of dead blocks at launch, identifying the first safe block for trading.