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Hank 💎 Profile picture
Hank 💎
@Hankusun
Investor | Entrepreneur CEO @HLWGroup | Building @DiamondSwapTeam | @DyorLabs_
Aug 5, 2022 • 6 tweets • 2 min read
Presales and Liquidity Sniping 🧵

1/
When a Liqudity pair is created via a DEX, an event is emitted.

Sniping bots are able to listen for this event (or any event from the DEX itself as long as they have the tokens smart contract address). Once the bots are able to see that the event happened, they are then able to front-run all other trades making sure that they get in at the lowest possible price. They circumvent all normal means of trading (f.e. using a DEX's UI).