Key Features of SnipeCeption
SnipeCeption is an innovative tool designed to enable users to purchase tokens early in the market. With customizable parameters, users can optimize their chances of securing tokens at favorable prices.
Token Setup for Snipe
Users can configure specific tokens for sniping by setting the following parameters:
- Tip: This is a block builder bribe that increases the likelihood of being included early in the block when the token is enabled for buying. By setting this parameter, users can participate in the Block0 Snipe.
- Block0 Snipe: This method allows users to snipe tokens in the same block as the “enable trading” transaction. A Block0 Snipe is only possible when the “enable trading” transaction is sent to the public mempool (known as a “public launch”). If the transaction is sent to an MEV builder (referred to as a “MEV launch”), Block0 Snipe is not an option.
- Backup Tip: This is an additional bribe to enhance the chances of being included early in the next block after the token has been enabled for buying. Users who set this parameter can participate in the Block1 Snipe.
- Block1 Snipe: This method allows users to snipe tokens in the next block following the “enable trading” transaction. Block1 Snipe is possible after a “MEV launch.” If a user was unable to participate in Block0 Snipe for any reason, they can still join Block1.
- Max Spend: This parameter defines the maximum amount of ETH that users are willing to spend to snipe a token. This amount includes the Tip, Backup Tip bribes, the buying amount, and the transaction cost. For example, if a user sets a Tip of 0.01 ETH and a Max Spend of 0.1 ETH, the sniper bot will allocate 0.01 ETH for the bribe and 0.09 ETH for purchasing the token (minus transaction fees).
- Slippage: This is the acceptable percentage change in price set by the user. If the price shifts beyond the specified slippage percentage, the snipe will be skipped, and the user will receive a “Low Slippage” error. For instance, if several users are sniping a token with different Tip amounts, a snipe with a lower Tip and a 5% slippage setting may fail if the price changes by 50% before execution.
Supported Blockchains
SnipeCeption currently supports two blockchains:
- Ethereum: On the Ethereum chain, users can capture the “enable trading” transaction from the public mempool and send their transactions as a bundle to the block builder. This allows the possibility of backrunning the “enable trading” transaction, enabling users to prepare their snipe transactions and execute a Block0 Snipe.
Multiple sniper bots can submit the same bundle for a Block0 Snipe, each with its own snipe transactions and Tip amounts. The sniper bot with the highest total Tip amount will be included in the block, while others may be declined.
If users miss the opportunity for a Block0 Snipe but have set a Backup Tip, they can participate in the Block1 Snipe. The sniper bot will prepare and send their transactions to the next block after the “enable trading” block as a bundle with a single transaction. - Base: On the Base chain, it is not possible to send bundles or create combinations of transactions, making Block0 Snipe impossible. Users can only execute Block1 Snipes. When the sniper bot detects that a token is available for purchase, it will prepare the snipe transactions and send them to the public mempool. Transactions will typically be included in the block based on Tip amounts, with lower Tip transactions potentially being included in subsequent blocks (e.g., Block2 or Block3).
Conclusion
SnipeCeption empowers users to strategically enter the market by enabling early token purchases through advanced sniping techniques. By adjusting parameters such as Tip, Backup Tip, and Max Spend, users can enhance their chances of success and navigate the complexities of token launches effectively.