The strategy of bribing: How to be the first buyer of any token and achieve a high win rate ↓
After experimenting with different sniping setups for a while, I have developed the most efficient configuration and a framework that prevents me from being blacklisted.
This setup works flawlessly in 90% of cases, so let me show you how ↓
#1: Selecting Your Sniper Bot
I've tested numerous sniping bots, and currently, I prefer using @BananaGunBot for Ethereum.
In reality, the specific sniper app you choose isn't crucial; what truly counts are the settings you configure.
#2: Settings
The key aspect of setting up a sniper is the Auto Snipe Tip (Bribing).
In this guide, I will demonstrate using screenshots from BananaGun, but similar features can be found in other sniper tools, though they may have different names.
By default, the Auto Snipe Tip is set at 0.01 ETH (~$28 at the current price), which is the standard bribe that most snipers use. Actually, this amount often leads to them missing out on being the first to snipe.
In reality, the higher the incentive you offer, the greater your chances of securing the first purchase.
The ideal incentive to set depends on three factors:
• Your buying amount
• Your target exit
• The hype surrounding a particular token
Let me illustrate this with an example.
• You're buying for 0.5 $ETH.
• Your target exit is x2 from your initial investment that includes gas and bribes.
• You assume that the token will have at least 300 buyers on Day 1.
How much should you bribe?
Up to 0.25 $ETH I'd say.
Understanding the demand before launching a token is crucial.
I've noticed a correlation when analyzing the most successful sniping trades ↓
• On day 1, if the average trading volume is $1 million on Ethereum, there're around 50 snipers and approximately 300 unique buyers. This number increases on Arbitrum and BNB Chain due to the smaller average trade per user.
• ~20-30% of snipers pre-approve their trades. Therefore, if there's a gap between contract creation and the start of trading, you can estimate the number of snipers in advance.
• On Ethereum, the average trade per user is $300, with this figure increasing as the pair matures.
• If the initial liquidity is 1 ETH (~$6K in initial market cap), and 50 sniper traders inject $15,000 into the liquidity pool, it could potentially result in a 5x surge in price.
Note that these numbers are average, and there's always a risk that the actual situation may vary.
The amount of the bribe will largely depend on the number of snipers attempting to snipe a specific token. While many may use the default sniping settings (0.01 ETH), to increase your chances of success, you need to be one of the first three.
Considering the scenario I've outlined earlier with 50 snipers (not an overly hyped token, but one that has built a community and received attention on Twitter), the ideal bribe would be approximately 0.1 ETH for a trade amounting to 0.3 ETH or higher.
#3: Tokens to Snipe
This is arguably the most challenging part.
Ideally, you should only snipe tokens that release their contracts at least an hour before creating a token pair and activating trading.
First, this gives you you time to analyze the contract thoroughly.
Simply copy the contract code into ChatGPT and ask it to explain the code in simple terms. Also, request it to highlight functions that could affect your ability to trade this token.
If you come across blacklists, trading cooldowns, or open whitelists (meaning that the contract owner can whitelist any address and set its trading tax to 100%), run away.
Note: Sometimes, whitelists are fine (i.e., team addresses have special rights/bonuses).
When it comes to sniping, it's far more effective to focus on sniping 1-2 tokens per week after conducting thorough research, rather than blindly aping into every new coin in hopes of making gains.
If you're following groups that feed new smart contracts, just ignore them.
Let me share an example of a token I personally plan to snipe this week. It's called $GEM by @stackset_ and here are the main reasons it's worth a trade:
• Token contract will be dropped before the liquidity is added on Feb 20th
• The team's investing in marketing
• Full transparency in terms of token functions
• Renounced ownership, locked liquidity
• 100% of the supply added to the liquidity pool
• Fair launch model with a low initial market cap
• Aims to become a memecoin factory with extended yield options for traders
I will not go too much into detail on the product side, DYOR here @stackset_.
The important part here is that the chance that you as a sniper will face some issues is very low. Nevertheless, analyze the contract when it's live, the release is planned for Feb 20th.
If you found this thread insightful, I would appreciate it if you joined my Telegram channel where I share more research: t.me/muur_posts
Enjoy the weekend, everyone!