Ever wondered how certain NFT buyers seem to get away with listing below floor price? The answer is simple: an NFT sniper bot… In this guide, weâ€™ll be explaining all about these types of bots and how they work. Also, weâ€™ll be discussing your options when it comes to NFT botting!
And, if you feel like you need more context on NFTs before you get into this guide, we got you! Weâ€™ve taken the liberty to create a FREE hub of complete NFT guides for you. You can join the hub and learn everything there is to know about non-fungibles. Click on the button below to check it out!
WHAT IS AN NFT SNIPER BOT?
An NFT sniper bot is an automated bot that mainly monitors time-based activities (like auctions) and submits last-moment information (bids). This ultimately reduces the chances for anyone else to submit a bid on NFT auctions.Â
Hereâ€™s how it works: the sniper bot places multiple bids below the asking price of the NFT. It cancels the bid, drives down the price, and then swoops! Thus, at the same time masking the actual market value. So, at the very last moment of the auction, the bot submits a bid taking the listing at the best possible price.
This helps you buy the NFT at floor price or even below! Also, this means that you get to resell it for a lot more!
You can use an NFT sniper bot on pretty much any NFT marketplace you want. But, people have been using them mostly on OpenSea collection auctions. Plus, depending on the bot, you can use it with any type of cryptocurrency on any blockchain!
FEATURES OF A SNIPER BOT
So, when youâ€™re looking for an NFT sniper bot to buy, youâ€™re going to want to look for these features! These are the features that will guarantee you get the perfect snipe at the lowest price. And, youâ€™ll be able to resell the NFT you snipe for a lot more than the price you paid. Therefore, when making sure your bot has the following features:
– Checks floor price of the NFT project including the fees, contract address, and more
– Auto-sell snipes
– Multiple wallet support
– Set the floor price alerts
– Fixes a BUY PRICE equal to or below a specific amount
– Dynamic BUY PRICE based on the floor price
– Tracks whale wallet activity
– Snipe multiple collections at the same time
– An NFT sniper bot gives you real-time floor price updates
GETTING AN NFT SNIPER BOT
Finally, the last part you should know about an NFT sniper bot is how to get one, right? Well, although you can generally find tons of sniper bots out there; few of them cop non-fungibles! Personally, we like going for AIO Bots instead – make our moneyâ€™s worth!