What are sniper bots, and how to stop token sniping exploits?

by Aurelia Butler 28 November 2023, 10:20 99 Views

Sniper bots are automated software programmed for specific actions at predetermined times to find applications in online auctions, sales and crypto trading, ensuring precise market transactions.

Entry/exit bots

Scalping bots

Arbitrage bots

Technical indicator bots

AI-powered bots

These bots adjust and improve trading tactics in response to changing market data by utilizing machine learning and AI algorithms.

There have also been presale or initial coin offering scams, in which dishonest projects promise investors exclusive access to presale tokens, then disappear after raising money, leaving investors with no tokens and no value.

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Source: Cryptocurrency - investing.com

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