Discover a powerful tool in your automated trading — TokenSight’s Token Sniper feature. Our feature Token Sniper allows you to automatically buy newly launched tokens as soon as they hit the market.
In this guide, we’ll walk you through the steps to become a proficient token sniper and stay ahead of the curve.
- Navigate to app.tokensight.io
- Locate the Token Sniper Order under DEX Trading
- Personalize your snipe with a unique name
- Choose the wallet for executing the trade order
- Enter the token’s address you wish to snipe. You should have an existing information about the token contract address.
Setting Your Sniping Budget
Define your ETH budget for sniping — the amount you’re ready to invest in the token. Your wallet doesn’t need to have all the ETH upfront; just ensure it’s available when the order triggers to avoid transaction failure. Also make sure to have enough funds to cover gas expenses.
The Token Snipe order will be executed when the Trigger Function is called OR when liquidity is added for that token. If the contract doesn’t have a trigger function, then sniping will be attempted when liquidity is added.
Token Sniping orders are executed intelligently with an appropriate gas price to maximize success.
For more information head to our GitBook and read about this feature https://tokensight.gitbook.io/docs/trading-orders/token-launch-sniping
TokenSight is a decentralized exchange (DEX) trading platform that enables secure and efficient trading with features such as trade orders, copy trading, and alerts.