And than there was profit…
Have you ever wondered what if you could be the first one to buy a token at launch?
We did! And we came with a solution. It is called The Bullet Sniper!
But, than… so many scams! What if I could avoid those?
And we can! Using The Bullet Sniper!
But not all tokens launch as scams! They become scams! How can my investment be safe?
It’s quite simple: using The Bullet Sniper
Most will ask, what kind of scams. Well, here you have just a couple of examples explained:
Scammer launches a token that allows people to purchase but not sell, either immediately (aka an instant honeypot) or some time after trading begins (aka a delayed honeypot). After the honeypot has run long enough, the scammer uses one of several techniques to drain the chosen currency from the liquidity pool, usually by swapping the LP tokens, minting more tokens then selling, or perhaps calling a custom function in the smart contract to transfer investor or even liquidity pool balances to themselves (aka a Balance Swapper).
Scammer launches a token, than adds initial liquidity, and waits for people to purchase the token. Once the scammer is satisfied with the amount gathered within the pool, they remove/pull out liquidity, leaving innocent investors holding a worthless token.
Some suggest to wait for liquidity to be locked, but modern scammers use different techniques to fool honest investors, even slow rugging. Some, are described bellow.
This is one of the most dangerous scam techniques! The scammer adds a custom function to the smart contract that transfers holder balances to an address the scammer controls. It is used/enabled at the scammers wish, or automatically from the smart contract! The scammer can simply sell any amount from the wallet he wants, draining the pool slowly or simply by droping it all.
Hidden Mint Function
Scammer adds a function to the smart contract that mints an amount of additional tokens, usually over the current total supply. The scammer than dumps that amount into the pool, leaving the investors with a token without value.