Snipe IDO listings

Basic

A trading bot can snap token listings on decentralized token sale (IDO) marketplaces using the following strategies:

1. Monitoring of IDO Announcements

• The bot tracks announcements of upcoming IDOs on platforms like Launchpad and Polkastarter.

1. Project Analysis

• The bot analyzes projects participating in IDO to assess their potential and likelihood of success.

1. Definition of Listing Time

• The bot uses IDO announcement information and blockchain data to determine the approximate listing time of the token.

1. 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.

1. 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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// import web3 from web3.middleware import geth_poa_middleware

def snipe_ido_token(w3, pair, amount, price, dex_contract_address, dex_abi): """Snipe a token listing on a decentralized token sale (IDO) marketplace.

  Args: w3: The Web3 object connected to the blockchain. pair: The trading pair (e.g., "XYZ/ETH"). amount: The amount of tokens to be purchased. price: The price of the tokens for the base currency.
    dex_contract_address: Address of the DEX contract where the IDO will take place. dex_abi: ABI of the DEX contract. """ # Create a DEX contract dex_contract = w3.eth.contract( address=dex_contract_address, abi=dex_abi )

  # Get the current time current_timestamp = w3.eth.get_block("latest")["timestamp"]

  # Calculate the IDO start time ido_start_timestamp = current_timestamp + 600 # Add 10 minutes to the current time

  # Create liquidity pool create_pool_tx_hash = dex_contract.functions.createPool( pair, amount, ido_start_timestamp ).transact()

  # Wait for the transaction to be executed w3.eth.wait_for_transaction_receipt(create_pool_tx_hash)
  # Wait for IDO to start while current_timestamp < ido_start_timestamp: time.sleep(1) current_timestamp = w3.eth.get_block("latest")["timestamp"]

  # Place a buy order buy_order_tx_hash = dex_contract.functions.buy( pair, amount, price ).transact()

  # Wait for the transaction to be executed w3.eth.wait_for_transaction_receipt(buy_order_tx_hash)

  # Check if the order has been executed receipt = w3.eth.get_transaction_receipt(buy_order_tx_hash)

  if receipt["status"] == 1: print("Buy order executed.") else: print("Failed to execute buy order.")


# Example usage w3 = web3.Web3(web3.HTTPProvider("YOUR_PROVIDER_URL")) w3.middleware_onion.inject(geth_poa_middleware, layer=0) # For PoA networks

pair = "XYZ/ETH" amount = 100 price = 0.1 dex_contract_address = "YOUR_DEX_CONTRACT_ADDRESS" dex_abi = "YOUR_DEX_CONTRACT_ABI"

snipe_ido_token(w3, pair, amount, price, dex_contract_address, dex_abi)

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.