🎯Sniping
Sniping is configuring your bot to buy an unlaunched coin the first second possible after launch. Sniping with Consortium is the easiest and most effective way to do so!
Last updated
Sniping is configuring your bot to buy an unlaunched coin the first second possible after launch. Sniping with Consortium is the easiest and most effective way to do so!
Last updated
Sniping with Consortium is designed to be as easy as possible - saving you time and complexity when configuring it. Consortium's sniper is also powerful enough to beat any other sniper, depending on how you configure your settings (even ones with many users bundling their snipe).
(Note: beating bundled snipes with Phoebe IS possible, you simply need the right balance of good slippage and high bribe. Block Builders will do what is most profitable for themselves, so if they can fit you into a block before a bundle they will. If your slippage is high, they'll just put you after)
Free users can have 4 active snipes, while Elite users can have unlimited. Sniping is only available on ETH right now.
Head to the Algorithms menu, and select "Sniper". Here you can see your Snipe tasks, edit them, or create a new one.
Click "Create Sniper Order" to make a new one, then select the amount to purchase, & the amount you would like to bribe with - that's it! Your snipe is now ready to go.
To edit your snipe, select it from the available snipe orders. You can change the amount you buy, the bribe you want to use, select between only sniping block 0 or enabling the second block as well, edit your profile used, or edit your gas and slippage!
Phoebe will do everything else for you, finding the methodID, monitoring the pair, and executing the snipe!
When sniping, it is important to note that it is extremely competitive, and in order to have your snipe be both successful and early, you will potentially need an insane amount of gas.
Depending on how hype/competitive the token is, you may need to use upwards of .1e+ bribe, or greater, to succeed and get a good fill. Slippage also plays a very important role when sniping; you need enough to allow the price to move, but not too much or you will be pushed to the back of the block.
eg. two snipe tx's are submitted with identical gas, but one has 75% slippage and the other has 250% slippage. In this case, block miners will accept both transactions but put the 250% slippage one later in the block than the 75% slippage one, to ensure that both fill. So while it might seem smart to use higher slippage, it can actually lead to getting a worse fill on your order.
