Chaofan Shou, a member of the Solayer team, has publicly released the source code of the Bonkfun migration sniper tool, helping users reduce risks when trading Bonkfun Tokens after the conversion process.
The conversion of Bonkfun Token costs about 12 SOL, therefore buying early at 10 SOL after migration is considered a safe strategy, especially when the new Token is also traded on Cupsey.
MAIN CONTENT
Bonkfun migration sniper was open-sourced by Chaofan Shou from the Solayer team.
The migration cost of Bonkfun Token is around 12 SOL, leading to the strategy of buying Tokens at 10 SOL after migration being assessed as low risk.
Bonkfun Token after migration will be traded on Cupsey, facilitating sniper and sandwich trading activities.
What is Bonkfun migration sniper and its role in trading Bonkfun Token?
Bonkfun migration sniper is an automated tool that helps users quickly execute the purchase of Bonkfun Tokens immediately after the Token is converted (migration).
According to Chaofan Shou, this tool is also called Cupsey sandwicher because of its trading mechanism similar to sandwich trading on the Cupsey platform, optimizing profits by leveraging price fluctuations at the time the new Token is listed.
The open-source nature of the tool allows the community to better understand it, as well as to develop safer and more transparent trading strategies in the Solana ecosystem.
Why does the migration of Bonkfun Token cost 12 SOL?
The migration process of Bonkfun Token requires users or creators to pay around 12 SOL as transaction fees, reflecting the execution costs of Smart Contracts on the Solana network.
This cost includes Gas fees and technical operations to convert old Tokens to new Tokens on the smart contract, ensuring security and consistency of data on the Blockchain.
Due to the relatively high fee compared to the Token value, trading strategies like sniper 10 SOL have been developed to minimize risks when participating in the migration process.
How does the trading of Bonkfun Token on Cupsey affect trading activities?
Trading Bonkfun Token on the Cupsey exchange creates a dynamic secondary market, helping users buy and sell Tokens quickly and efficiently after migration.
"The listing of new Tokens on Cupsey increases liquidity, while creating opportunities for sniper and sandwich trading strategies to maximize effectiveness."
Chaofan Shou, member of the Solayer team, August 2023
Thanks to this, the investor community can take advantage of price fluctuations to optimize profits, but also needs to be cautious about risk management when trading during this period.
What trading strategies are suitable when participating in the Bonkfun Token market after migration?
Sniping Token right after migration at a value of about 10 SOL is considered a low-risk strategy due to the high migration cost.
Traders often combine sandwich trading techniques on Cupsey to increase profits by intervening in transaction chains almost simultaneously when new Tokens are listed.
Using open-source tools like Bonkfun migration sniper helps minimize errors, enhance efficiency, and safety in these trading activities.
Frequently Asked Questions
What is Bonkfun migration sniper?
It is an open-source tool that helps users quickly and safely buy Bonkfun Tokens immediately after the Token has been converted.
What is the migration cost of Bonkfun Token?
Migration costs about 12 SOL, reflecting the execution fee on the Solana network.
Why is the trading of Bonkfun Token on Cupsey important?
Cupsey provides a secondary liquidity market for new Tokens, increasing profit opportunities and trading efficiency.
Is the Bonkfun Token sniping strategy risky?
The sniping strategy around 10 SOL after migration is considered less risky due to the high migration fees.
How does the open-source Bonkfun migration sniper benefit the community?
Increased transparency, allowing for the development of more professional and safer trading tools.
Source: https://tintucbitcoin.com/bonkfun-token-ra-mat-cong-cu-sniper/
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