What is token sniping?

Sniper bots (or “snipe bots”) are automated bots that monitor time-based activity and submit information at the very last moment, removing the opportunity for other people to respond to that action .

This strategy is called sniping and the key is to be the first to buy the tokens when the liquidity pool is added to the decentralized exchange . It is preferred to buy these tokens in the same block, or next several blocks, as the creation and funding of the liquidity pool.

To use, simply input the contract address you wish to snipe , and the amount of BNB you wish to snipe with. If you’re only getting started, we suggest only using a small amount to get used to the features. Then you’ll need to connect your wallet, and pre-approve any tokens you’ll be swapping.10 Ağu 2021