Introducing 111PG New DeXe Ecosystem product — the sniping bot killer
Are you ready for some drops, rewards, and other benefits for DEXE holders? We love sharing news about good things coming for our community members. Especially, when we can turn a market problem into a solution.
Sniping bots is exactly such a problem since ruin AMM listings — but for some lucky projects, this will no longer be a concern.
For months now, when a project adds liquidity to an AMM like Uniswap for its community to buy their token, the process is corrupted by people running sniping bots. Sniping bots see the liquidity being added in the first block (before the public sees it) and buy up a big chunk of liquidity to drive up the price for the regular public and then dump their holdings on the market.
Sniping bots can easily make $2–3M profit on a 100ETH investment, driving the price up 20x at the expense of the project’s team and community. This forces community members to buy high and to see the paper value of their holdings plummet within minutes. It undermines trust in the project and creates a lot of frustration.
No one was able to solve this problem consistently for every project. The 111PG project uses proprietary code that for the first time ever is able to prevent sniping bots from damaging product listings. This is the most effective solution on the market — secure and fully customizable to the project’s needs.
We are excited to welcome 111PG into our ecosystem and applaud its big and positive impact on bringing security to DeFi. The project already successfully protected several projects, saving them hundreds of ETH in liquidity. And many more are awaiting listing and would love the protection from 111PG.
The sniping bot and other security issues 111PG is tackling is a $100M+ market every year. And DeFi is just getting started, this is poised to become a much bigger market as the space grows.
The sniping bot problem, along with various issues related to the current state of smart contracts and various market inefficiencies, is so pervasive and problematic across DeFi, that the team behind 111PG (project guard) decided to create and release to the public a massive product that defends projects and supports the effectiveness of their smart contracts. It’s customizable for each project and will eliminate the biggest headaches that startups are currently facing in DeFi. All of this snipe bot protection, smart contract support, and more is now available for projects serious about keeping their listing secure and fair to their community.
Seeing how helpful this is in preserving liquidity and ensuring a fair listing, a number of projects are already asking for help guarding their listings.
Since 111PG is part of the Dexe Network ecosystem, the project’s success will benefit the DeXe community — the protection fee paid by projects will be partly distributed among the DeXe community and the 111PG community. Moreover, there is a very specific platform with rewards for the Dexe community coming related to 111PG (hint: NFT, farming). Just another way to reward the community for their loyalty. So make sure that you’re in all DeXe and 111PG social channels to not miss anything.
111PG was created to solve a big problem in DeFi. And projects are lining up to use its benefits. If your project would like to be considered for 111PG, email the team at info@111pg.io.
And make sure to join 111PG’s social networks: Twitter | LinkedIn | TG group | TG Chat | Website
About DeXe
Dexe.Network is a decentralized social trading ecosystem that operates via autonomous smart contracts and includes tools for virtual currency allocation and automatic rebalancing. It eliminates the risks of transferring digital wallet details such as private keys and API or any virtual currency data to a third party. Most importantly, the DeXe Network connects successful traders and followers in a transparent, verifiable way for the benefit of both groups.
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