Hi Everyone,

Over the past couple of weeks, I’ve been dipping my toe in to the highly volatile world of sniping shitcoins. Primarily, these coins have low market caps and high volatility, offering potential for quick profits — if managed carefully.

Now, it would be extremely irresponsible for me to not tell you that this is HIGHLY risky so this is me telling you IT’S HIGHLY RISKY but if you can get your risk management right, there’s some good profit to be made.

Like my previous article on liquidation bots, I’ll be sharing a video on YouTube, where I’ll share the strategy and pair selection process I’m using to profit from this and I’ll be sharing updates on that journey as it progresses so if you are interested, be sure to subscribe and turn on the bell notification to be notified when the video drops.

Now there is some prerequisites to get started with this bot. Here’s what you need.

1. You need an account on Mizar.
2. You need some ETH/BNB to get started on the BASE/BNB/Ethereum blockchain
3. You need a little bit of time to research pairs
4. Optional — buy some $MZR on Arbitrum and stake this within Mizar — this will reduce the volume fees paid when using this bot.

Cost

I mentioned volume fees in the prerequisites above. To be clear, there’s no upfront or monthly subscription cost to use this bot. The way that money is generated by Mizar for using these features is through volume fees which automatically get deducted when making a trade. You can reduce these fees (more profit for you) by staking $MZR. Without any $MZR staked, your volume fees are 1% but these can be reduced down to 0.5% through staking.

Mizar DEX Bots

Let’s start by looking at how this can be profitable then let’s talk about the risks involved.

There are 3 different DEX bots you can use on Mizar. We are going to focus on the Volatility bot but I’ll list the other 2 as well.

• Wallet Bots — Copy trades from other wallets.
• Telegram Bots — Automatically enter trades based on Telegram group signals.
• Volatility Bots — Take advantage of large price swings in small-cap coins.

Volatility Bots

So Volatility Bots, the primary purpose of this bot is to take advantage of large volatility (which results in large price swings) in coins that are traded on DEXs (Decentralised Exchanges like Uniswap, Pancakeswap and Sushiswap).

The thought process is quite simple, wait for a large % pullback and enter a position with a good % take profit. Given some of the smaller market cap coins move 100's% and even 1,000's%, taking a % in these huge moves isn’t difficult and that’s what the Volatility Bot allows you to do.

Risks

Now let’s talk about some of the risks. First, you need to do a little bit of research and figure out a strategy on choosing the contracts that you are willing to enter. Again, I’ll cover my pair selection process in my upcoming YouTube video.

Through the early stages of testing these bots, primarily when testing the Wallet Copy Trade bot, I encountered a fair amount of rug pulls. This is where a project launches a token and either prevents you from being able to sell it or pulls all of the liquidity tanking the price leaving you with a -99.99% loss.

But on the flip side of the losses, I also encountered times where I made 400+% profit (which at one point was 1,200%) so the real focus here is risk management. Start with small amounts, see what works for you, once you have it dialled in, experiment with larger amounts from your profits.

Summary

Overall, I’m still dialling this in using small amounts but based on current performance (screenshot below), there’s a lot of potential upside to using this as a great way to build some ETH/BNB. There’s still lots of work to do but for me, this is a great addition and I’ll be continuing to test and learn through the next couple of weeks to see if I can make this a good contributor to my monthly bot income!

Subscribe to my YouTube channel for exclusive insights into my trading strategies and to follow my real-time journey as I test and refine these bots.

As always, do your own research, and this is not financial advice, I’m sharing my ideas, my journey and ways that I make money from Crypto.