The Sniping Bot Killer — 11PG

6 min readNov 18, 2022

What are Sniping Bots?
How do Sniping Bots Work?
111PG — The Bot Killer
How Does 111PG Work?
Core Features
Additional Benefits

What are Sniping Bots?

Have you ever placed a bid at an auction only to lose out to an unidentified bidder at the very last second? There’s a good chance that a bot, rather than a pistol, sniped you.

A sniping bot is a piece of software that automates sniping or putting a bid at the very end of an auction. Smart buyers and auction participants all around the world deploy sniper bots. They are algorithmically programmed to quickly copy and execute the orders of traders. Depending on whose side of the sniping you are on, they can either be helpful or frustrating.

Sniping bots might be annoying if you work as an auctioneer. They frequently increase the price of your auction items and make it more difficult for you to sell them.

Similarly in DeFi, sniping bots can enter transactions in AMMs (automated market makers) before users, especially during token listings or high-value trades. Just before users place a trade, they raise the price. They then sell at the highest price immediately following a trade. This can be highly profitable for sniping bots. But it does so at the expense of projects, communities, and token holders. This snipe bot method is effective because it enables traders to purchase tokens as soon as they are listed on an exchange, sometimes within just a few milliseconds.

At the expense of the project’s team and community, sniping bots can easily increase the price by 30 times on an investment of 200 ETH, making $3–4 million in profit. Because of this, community members are forced to buy at high prices, only to watch as the financial value of their investments rapidly declines. It diminishes confidence in the project and fuels a great deal of resentment.

How do Sniping Bots Work?

Sniping bots operate by automatically executing a buy order trade at the very last second. It happens quite quickly, and projects frequently struggle to get rid of them without additional tools. Sniper bots can therefore take advantage of fantastic token price discounts.

Shortly before tokens are listed on DEXes, sniping bots are launched. The bot connects to the blockchain network, searches through all pending and [mempool](https://www.makeuseof.com/what-is-a-mempool-in-crypto/#:~:text=A mempool (a portmanteau of,of nodes to be processed.) transactions, locates and matches the liquidity add transaction of the sniped token, and then places the buy order in the same block. The whole process is summarized below:

The Python script monitors DEX events for brand-new token pairs.
New token pairs are found and processed by the system.
Using a smart contract, a bot submits a transaction to purchase the new token.

111PG — The Bot Killer

DeXe Network, a cryptocurrency ecosystem, offers an anti-sniping bot service called 111PG as a solution to this. Sniping bots are defeated by 111PG, which eliminates the worry that they may cause trades to be inconvenient.

PG stands for Project Guard. The reason for the number 111 is that the team intends to only allow 111 projects into their initial anti-sniping bot protection program. Using the 111PG anti-sniping Bot Service also benefits the DeXe ecosystem community, in addition to protecting projects.

How Does 111PG Work?

111PG uses proprietary programming to combat or disable sniping bots, and protect projects and their communities, hence, removing trader concern with bot discomfort. The Ethereum, Polygon/Matic, and Binance Smart Chain (BSC) blockchains have all seen the successful deployment of the Anti-sniping Bot Service or 111PG.

11PG uses a strategy that consists of two parts, either stops the use of sniping bots or reverses the transaction. The latter harms them the more because they are impacted right in the checkbook and will be unable to exploit or attack new projects if their funds remain stuck.

The market for the sniper bot and other security vulnerabilities that 111PG is addressing is over $100 million annually. And DeFi is just getting started; as the market expands, it is expected to increase significantly. Since it can be tailored to each project, it will take care of the primary problems that startups in the DeFi space are now experiencing.

The cost of 111PG services starts at 10 ETH because of its high demand and expense. According to their official website, this product has saved over $2.25m in funds for projects. It currently protects 9 projects with more than 100 pipelines.

Core Features

1) Security — Anti Sniper

The main function of 111PG is to protect newly listed tokens of projects against sniping bots and thus guarantee these projects and their communities with security that can be relied upon. With 111PG already safeguarding over 50 projects and saving millions of dollars in liquidity, this has proven a major success. As a result, 111PG now includes a front-run and sandwich attack bot defense.

2) Front-running and Sandwich Attack Protection

Currently, the anti-snapping bot also provides cover against front-running and sandwich attacks.

A front-running attack occurs when a malicious node observes a transaction after it has been broadcasted but before it is executed and then tries to have its transaction verified either ahead of or in place of the observed transaction. While A sandwiching attack involves placing one order immediately before a transaction and another immediately after it. In essence, the attacker will front-run and back-run at the same time, sandwiching the original pending transaction in between.

The 111PG anti-sniping bot counters these attacks by delaying the bot’s second transaction, in which the tokens are sold at a higher price. When the bot is eventually able to sell those tokens several blocks later, the price may have already dropped, causing the bot to sell at a loss.

3) Marketing

Users of 111PG benefit from cross-marketing with Dexe ecosystem partners and other products. Projects can gain a lot of support from the Dexe Network community by leveraging this feature. As an illustration, consider the Kattana trading platform, which offers seasoned and experienced cryptocurrency traders top-tier and professional trading tools to improve performance. Over 150k people use the Dexe Network collectively.

Additional Benefits

Some of the amazing benefits of the anti-sniping bot include the following:

1) Easy and Quick integration: The user interface and technical aspects of running the bot are relatively simple, thus integrating it can be completed in as little as 10 minutes.

Users only need to fill out a form with details such as the name of the project, date and time of IDO, preferred exchange of listing, etc, and the team will take it up from there.

2) Flexibility: A completely customizable solution is offered by 111pg to fulfill the requirements of various projects. This gives projects the ability to customize the bot in a way that will be most advantageous and profitable for them.

Projects and teams are given complete control over which funds should be unfrozen by the bot. So, if the team discovers that a legitimate investor was unintentionally caught in the anti-sniping net, they can unfreeze their assets, exhibiting fairness and responsiveness.

3) It provides 100% offline automation: Advanced features of the bot allow for automation and offline use. To stop sniping bots, 111PG does not require the internet. In the DeFi industry as a whole, this functionality is revolutionary.

4) Low gas fee consumption: 111PG implements gas optimization algorithms in order to significantly lower gas costs when interacting with smart contracts of DEXes, particularly those on the Ethereum Blockchain. The bot is also accessible on the Polygon, Avalanche, and Binance Smart Chain networks where the gas fees are very low.

This is yet another exceptional offering from Dexe Network to address the problems facing the present DeFi environment. DeFi needs products with actual value, as seen by the fact that 111PG has gained some sizable traction even in its early stages.

About Dexe Network

Dexe Network is a decentralized social trading environment with tools for virtual currency allocation and automatic rebalancing. It eliminates the risks of transferring digital wallet details to a third party, such as private keys and API or any virtual currency data. Most importantly, the DeXe Network connects successful traders and followers in a transparent, verifiable manner that benefits both parties.