How to Protect Your Cryptocurrency Token from Snipers

0 votes
by (120 points)
What is the best way to protect my token from snipers and defenders targeting my token?

1 Answer

0 votes
by (300 points)
A method that may be used to protect your token from snipers is to employ a strategy where you yourself snipe your own liquidity pool in the same block as the token creation. This implies that as soon as the token is created, you also sell the liquidity pool along with other wallets you own to perform market making. This prevents other snipers from owning a substantial percentage of the supply, while at the same time protecting the price floor of the token, which enables the project to remain steady and reliable.
Welcome to Akaguide Q&A, where you can ask questions and receive answers from other members of the community.
...