Snipe IDO listings
Basic
A trading bot can snap token listings on decentralized token sale (IDO) marketplaces using the following strategies:
Monitoring of IDO Announcements
The bot tracks announcements of upcoming IDOs on platforms like Launchpad and Polkastarter.
Project Analysis
The bot analyzes projects participating in IDO to assess their potential and likelihood of success.
Definition of Listing Time
The bot uses IDO announcement information and blockchain data to determine the approximate listing time of the token.
Creation of a Liquidity Pool
The bot creates a liquidity pool on the decentralized exchange (DEX) where the IDO will take place. This allows the bot to quickly buy tokens when listing.
Placement of Warrants
When it's time to list, the bot places orders to buy the token at or slightly above the listing price.
Example
Suppose a bot is monitoring IDO announcements on Launchpad and discovers an upcoming token sale called "XYZ". The bot analyzes the project team, technology, and roadmap to evaluate the token's potential.
Based on its analysis, the bot decides to participate in the IDO. It creates a liquidity pool on DEX, where the IDO will take place, and contributes the required amount of funds.
When it is time to list, the bot automatically places orders to buy XYZ at a listing price of 0.1 ETH. The orders are quickly executed and the bot successfully snaps up the tokens.
By integrating these strategies into its trading system, the bot can increase its chances of sniping tokens on decentralized marketplaces to conduct token sales and profit from rising prices.
Basic Code
Disclamer: We provide basic codes to avoid information leaks
Snipe IDO listings
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This function connects to the blockchain, creates a liquidity pool on DEX, and places a token purchase order when the IDO starts. It uses an HTTP node provider compatible with the PoA network and waits for transactions to complete before continuing.
To use this function, you need to replace YOUR_PROVIDER_URL, YOUR_DEX_CONTRACT_ADDRESS and YOUR_DEX_CONTRACT_ABI with actual values.
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