Sniperbot, Frontrunning Bots, etc
Read below to understand how our Chainsniper PumpBot works: The Mempool Bot
Our new Chainsniper PumpBot is a Mempool Bot. To understand what is a Mempool Bot, read below.
This is outdated. Chainsniper is a partnership with Coyote - Crypto Sniper bot here.
What is the difference between other Bots and Chainsniper PumBot?
Other Bots
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Ojter Bots are classical bot It scans the blockchain for liquidity and price check
Sniping
Limit Orders
Chainsniper PumpBot
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Chainsniper PumpBot is a "mempool bot" This is same technology than front run bot, or front running bot,
it is the fastest technology available
Sniping for advanced users
In short term :
If you run your own Private Node, you can buy in the SAME BLOCK where liquidity is added
Here is a proof on the 2 Tx in same block:
Glossary
Mempool
In blockchain terminology, a mempool is a waiting area for the transactions that haven't been added to a block and are still unconfirmed. This is how a Blockchain node deals with transactions that have not yet been included in a block.
Front-run
Front-running is the “act of getting a transaction first in line in the execution queue, right before a known future transaction occurs.”
Mempool bot
A mempool bot is a bot able to scan this waiting area, so as to be able to buy a token as soon as liquidity is added --> in the same block
Front-run bot
A front-run bot is a mempool bot, but configure to "sandwich" your transaction. When it detects your transaction in the mempool :
It buys a lot of tokens right before you, to make the price rise
YOU buy at a very high price
It sells this tokens he just bought, and make benefits
Can I use Chainsniper PumpBot with default nodes
Yes amd No. Using Chainsniper is better than no Bot, but if you really want to be the fastest there is no way around an own Node.
If you want good results on Chainsniper PumpBot, you need to use a private node (or at least rent your own node on Quicknode).
RPC nodes often detect bots scanning mempool and block them
RPC nodes are slow and will not give you good results
Some RPC nodes do not allow you at all to scan mempool
[Add Link] for more infos.
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