Snipers like to say that if we run, we'll just die of exhaustion. Do we have a better chance against sniper bots?

If you're not sure what Crypto sniping bot are, how they work, and if they're legal - you've come to the right place! In this blog post, we will address all these questions and give you a simple explanation of the concepts related to snipe bots.

Knowing about this topic will be useful for day traders and developers who may have seen and suffered from sniper bots in the wild.

Snipe bots are automated bots that are built to monitor and trade liquidity pairs on decentralized exchanges, later simply DEXs.

Snipe bots help traders earn because when a new liquidity pool is opened on DEXs like Uniswap, PancakeSwap, Mooniswap, Sushiswap, Sashimiswap, snipe bot traders can be the first to buy new tokens at the cheapest price and then sell them for profit. .

This snipe bot strategy works because it allows traders to buy tokens as soon as they are listed at lightning speed, sometimes zero seconds from the time of listing! Automated sniping helps traders be first in line and buy tokens in the same block or in several blocks.

Blasting is extremely effective for IDOs, or DEX Initial Offerings – a fundraising method where tokens are issued on the DEX and sold to new buyers. Snipe bots can trade immediately after adding a liquidity pool.

Although the sniper bots can be frustrating, they are not harmful, at least not in a direct way. By design, their goal is to get the best possible price per token.

Now we know what it is and if it's okay to use it… but what about the details?

The bot works by connecting to the blockchain network, searching all mempool/pending transactions, finding and matching the clipped token liquidity addition transaction, and then placing a buy order on the same block.

Boti starts approximately 10-15 minutes before the registration time and the whole process looks like this:

A Python process listens to DEX events for newly created token pairs

The system identifies and processes new token pairs

The bot sends a transaction to buy a new token using a smart contract

Setting up the bot takes some work, but it's not a big deal for experienced coders. Bots usually only need a contract address, while users configure bot options in advance.

Most snipe bots connect via the Pancakeswap API directly to Binance Smart Chain or Ethereum (if we are talking about Uniswap) via a node endpoint.

Unlike the leading bots that people don't want to share openly, there are several snipe bots available. A basic Google search will give you all the code and step-by-step instructions on how to set up snipe bot and run it.

You'll also be able to find a multi-thousand dollar sniper package that comes with advanced options and a graphical user interface where you can choose your own gas charge, slip tolerance, and purchase amount.

For security reasons, we will not provide any links and would like to warn our readers to always be careful when interacting with snipe bots.

So far it's all looking pretty good for snipe bot users.

Bots enable traders to execute buy and sell orders faster, giving them the upper hand on IDO days and giving them much higher profits compared to traditional buyers.

In addition, the whole process is automated and does not rely on frontrunning, so the trader does not have to wait for any notifications from developers. Snipe bots give users the opportunity to make multiple purchases within seconds and sell at a specific target profit.

However, bsc frontrun sniper bot  users also have their fair share of disadvantages:

Token developers use anti-snipe measures that can cause bot transactions to fail

In the first few seconds, buying taxes can be high in order to catch snipers
There may be cooldowns on purchases to prevent snipers from repurchasing

There may be taxed blocks where developers impose 90%+ tax

Most bots only work on computers, making them useless to many traders

On top of all that, just shopping for a robot is a risky adventure.

There are plenty of cases where someone buys a shoe at a bargain price and then gets all their money stolen. Bots are not cheap, so sniping can remain profitable for their developers. Some of them only have time to maintain and upgrade snipe bots and don't have time to research the market to find good and profitable projects.

The Pancakeswap pre-running bot, also known as the Pancakeswap Sniper Bot, is a must-have for Binance smart chain traders. 

To summarize, snipe bots are powerful tools for profitable "grey area" tactics, but can be undone if token developers implement the right restrictions.