Tutorial

NextWhat is "Buy On" in Transaction Configuration

Last updated 2 years ago

Tutorial

Connect your wallet

If you are unsure about connecting your wallet, check this article

You can see individual component's information by clicking info icon next to it.

Create an account

You can use your connected wallet / create as many fresh wallet as you want.

If you use your connected wallet, each time it needs to send transactions, it will ask your confirmation through Metamask. For sniping / frontrunning, this will be a little slow as you have to click confirm manually.
If you use new wallets, you have to deposit ETH to that account. Just put any amount you want there and the DApp will automatically do all the things like Sniping, frontrunning etc

After creating a wallet, always remember to make a copy of your new accounts as all those information are stored in your browser's local storage. So when you clear cache, it will also be removed and there will be no way to backup your funds.

Put a good name to your new account, and on Private Key input box, you can leave it blank and the DApp will create a fresh wallet.

You can also input your private key if you want to use your existing wallets.

You can Import / Export all your accounts created on DApp and also you can export individual wallet's private key by clicking the icon in the image.

Now you can click Deposit to transfer ETH to your new accounts in one transaction.

Once you click confirm on your Metamask, it will deposit ETH to your accounts

In order to remove your account, you have to withdraw all your ETH

If you want to withdraw all ETH, just input the exact balance and it will make withdraw all to your withdraw wallet.

Searching for contracts

Now the contract information of your target token and and your positions in it will be loaded like this.

To keep this contract on your dashboard, you can click ‘Move to Live List’

Set your transaction

Now you can click the ‘Watch’ icon to see all transactions occurring to and from the contract of your target token and from the contract deployer in real time from Mempool.

“Buy On” permits you to identify for the DApp the contract function of your target token, or its deployer's transaction, which will trigger your Buy.

This can be the “openTrading” function or “addLiquidityETH” function or such other function which the contract possesses (you can get this information from the New Contracts Telegram Channel). Just copy and paste the relevant Function from the contract scanner into the “Buy On” input box.

If you want to Buy On some other function call in the contract of your target token, you can copy any such function name and

paste into the “Get Selector” input box and click the button. The DApp will then convert the selected function into its Solidity bytecode so that you can input it to the “Buy On” input box.

“ETH Amount” is the amount of ETH that you are willing to spend to buy the target tokens.

The “Max Percent” is the maximum percentage of the target token which you can buy, another piece of information that you can grab from our New Contracts Telegram Channel. Usually tokens have max transaction limit on launch and this is about it. If Max transaction limit is 0.5% of total supply, just put 0.5
If the number of tokens that you will receive from spending ETH Amount is more than your Max Percent setting, then the rest of your ETH will be returned to your Account. This prevents transaction fails, a problem that Uniswap is plagued by.

You can set Account's Percent to specify how many tokens you are willing to sell. It is set at a 100% as default value.

Buy Instant ensures that you are not blacklisted as a bot, so if you check the Buy Instant option, you will buy as soon as the Buy On function is called in the contract of the target token. on the same block of your Buy On function

If left unchecked, the DApp will wait until the Buy On transaction is confirmed and trigger buy only after that according to the Blocks setting. To decide whether it is safe to buy any token, you can verify the contract simulation available New Contracts channel.

For example, if RED, leave the Buy Instant unchecked and if GREEN, it's ok to leave Buy Instant checked.

Warning: If Buy Instant is left unchecked by you, the DApp it will use the Buy Normal Gas Multiplier for the gas fee.

Buy normal gas multiplier, indicates what gas to use for buying normally. Let us say that you want to buy the target tokens manually only after you ensure it is safe play. In that case, you will still be able to frontrun other ‘normal’ buyers by entering the multiplier value here, so that you pay a higher gas to execute your buy order faster.

Sell on warn, allows the DApp to sell if there is a warning transaction in the contract of the target token, like a scam developer trying to call removeLiquidity or setting your account as a bot.

Sell normal gas multiplier is the same as Buy normal gas multiplier but used for sale transactions.

Sell frontrun gas multiplier, is a crucial configuration because this is the gas fee configuration for frontrunning the warning transactions (when a scam dev tries to rug you). So always make sure that you set this value more than 1.5 in order to be able to frontrun him!

Always check your sub accounts to buy / sell

Always ensure that you keep your accounts selected. If you fail to do so, the DApp will not be able to sell your token holdings on 'warn' or buy automatically upon launch on your behalf.