PancakeSnipeBot
- Scan the blockchain and find transactions based on certain criteria (pending on the block aka mempool).
- Front-run (specific trade volumes, slippage and gas price) transactions by placing a buy order on the same block at the same time by setting a higher gas price.
- Sell immediately in the next block right after at the buy transaction on the front-ran block is completed.
- It detects when new liquidity is added to an AMM (automated market maker) pool on Pancakeswap (runs on Binance Smart Chain).