AnySniper — Leveling the playing field Pt. 1

At some point in the beginning of the ordinary crypto / DeFi investor’s career there’s this feeling of being completely overwhelmed by the games that are being played by professionals and whales in this space.

The average retail investor (ARI) who typically isn’t literate in code, who doesn’t have insider connections to devs / founders and no first-hand access to real alpha (no, I’m not talking about projects that callers and influencers shill) finds itself on a fast-paced, 24/7 battlefield cluttered with landmines and pitfalls that are waiting to take his/her money.

The ARI more often than not seems to always find him/herself buying near the top, getting dumped upon by whales and if he/she is brave enough to dip his/her toes into shitcoins, gets rugpulled, honeypotted and blacklisted losing most if not all of his/her funds.

This often results in a painful and frustrated exit from crypto investing all the while telling all of his/her retail friends to stay the hell away from crypto if not wanting to lose all of his/her funds.

Chainalysis has recently noted in a preview of its ’22 Crypto Crime Report that rugpulls accounted for 37% of all crypto scam revenues in ’21, as opposed to a mere 1% in ’20. Thirty-fuc’ing-Seven Percent!

It is estimated that $2.8 bln have been scammed out of the pockets of investors in ‘21.

Is this what we really want to cultivate in the crypto space?
Isn’t retail adoption of crypto the lifeblood of green candles and up-only which we all like to celebrate? The large OTC deals institutions make sure aren’t pumping the charts.

In the beginning of 2022 a project has begun to work on a dApp that wants to tilt the balance in favor of the average Joe.

Enter $SNIPE.

AnySniper was born on the 23rd of January when its lead developer, a successful DeFi trader, decided to publish his suite of trading tools for use by the ARI. The intention behind this is to undo the damage wreaked across different blockchain ecosystems by malicious developers and revive investor confidence in DeFi.

The dApp is a browser-based trading platform combining a powerful mix of professional tools. Amongst them are…

• a Telegram bot that instantly uncovers deployed code on the network before trading is enabled on DEX’s with links to the contract address and the contract creator.
  It conveniently analyzes the contract revealing among others transaction taxes, max transaction & wallet limits saving the ARI from scams and honeypots.

Telegram message of an incoming token and its code characteristics

The bot is currently live for Ethereum, the Cronos chain and mid-April the Binance Smart Chain as well.

• A sniping tool that’s supposed to place the user on par with the best sniper software around employing efficient gas usage for buying and selling tokens and NFTs (I want to cover a comprehensive comparison in a later part in this series).
  It automatically circumvents basic anti-snipe methods deployed by contract creators and frontruns “rugpull functions” a scam developer calls like remove liquidity, change taxes and transaction limits.

The tool automatically lists functions found in the contract that — when called by the dev — can potentially result in a rugpull and therefore a complete loss of funds.

• a trading interface with features that many DEXs lack and can actually mostly be found on CEXs like…
  - take profit / stop loss orders (yup, 1inch already has this one),

Set Stop Loss and Take Profit targets for your position

• profit and loss overview for each token,
• multi-wallet management making it possible to snipe with multiple wallets at once + making it possible to hold & trade tokens with different investment timelines (quick in & out vs. medium to longer term holds)

If this already sounds like candy land to you, AnySniper is planning to go beyond even that.

Learn about their upcoming plans in Part 2.