I launched a Solana shitcoin....here is what I have learned in two weeks.

1. This is a lot harder than I thought, I assumed myself and another who launched (who does marketing for a large crypto company) would have been significantly better off than most random people that launch a token without much know how or experience in social engineering.

2. Telegram serves nothing other than confirmation bias -- people want to see that there is an active telegram, if you have bots that spam very well, with a lot of variance you're much better off than having either shit bots, or no activity....but TG is worthless, it's nothing more than confirmation bias.

3. Twitter / X is really hard to use now, the new algorithms are pathetic and I can't for the life of me figure it out (this is coming from an engineer who previously worked at Twitter)

4. People are really stupid, they assume every token starts at a $0 market cap....you're FAR better off starting at over $1m market cap than sub $100k because people see numbers like "$10 million market cap" and assume you went from 0 - $10 million.

5. If you have the money, work with a market maker to run a bot to facilitate massive trading volumes, you need movement in the chart, if not people take 1 look and leave.

6. Paid promotions on Twitter / TG calls are worthless, 99.99% of the time. It's rare, but you might find a rare person who doesn't have mostly bot followers who can be somewhat helpful...but mostly avoid it.

daytonarbow said:

1. This is a lot harder than I thought, I assumed myself and another who launched (who does marketing for a large crypto company) would have been significantly better off than most random people that launch a token without much know how or experience in social engineering.

2. Telegram serves nothing other than confirmation bias -- people want to see that there is an active telegram, if you have bots that spam very well, with a lot of variance you're much better off than having either shit bots, or no activity....but TG is worthless, it's nothing more than confirmation bias.

3. Twitter / X is really hard to use now, the new algorithms are pathetic and I can't for the life of me figure it out (this is coming from an engineer who previously worked at Twitter)

4. People are really stupid, they assume every token starts at a $0 market cap....you're FAR better off starting at over $1m market cap than sub $100k because people see numbers like "$10 million market cap" and assume you went from 0 - $10 million.

5. If you have the money, work with a market maker to run a bot to facilitate massive trading volumes, you need movement in the chart, if not people take 1 look and leave.

6. Paid promotions on Twitter / TG calls are worthless, 99.99% of the time. It's rare, but you might find a rare person who doesn't have mostly bot followers who can be somewhat helpful...but mostly avoid it.

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How did you make the Solana shitcoin? Is there any platform? Or did you use any service?

You didn't try influencer marketing? Like getting a famous star to promote it. I feel that will give it a boost

How much was the total expense in launching the shitcoin ?

seomaster5 said:

How much was the total expense in launching the shitcoin ?

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500 - 1000 between creating the contract and deploy it and liquidity

daytonarbow said:

1. This is a lot harder than I thought, I assumed myself and another who launched (who does marketing for a large crypto company) would have been significantly better off than most random people that launch a token without much know how or experience in social engineering.

2. Telegram serves nothing other than confirmation bias -- people want to see that there is an active telegram, if you have bots that spam very well, with a lot of variance you're much better off than having either shit bots, or no activity....but TG is worthless, it's nothing more than confirmation bias.

3. Twitter / X is really hard to use now, the new algorithms are pathetic and I can't for the life of me figure it out (this is coming from an engineer who previously worked at Twitter)

4. People are really stupid, they assume every token starts at a $0 market cap....you're FAR better off starting at over $1m market cap than sub $100k because people see numbers like "$10 million market cap" and assume you went from 0 - $10 million.

5. If you have the money, work with a market maker to run a bot to facilitate massive trading volumes, you need movement in the chart, if not people take 1 look and leave.

6. Paid promotions on Twitter / TG calls are worthless, 99.99% of the time. It's rare, but you might find a rare person who doesn't have mostly bot followers who can be somewhat helpful...but mostly avoid it.

Click to expand...

Looking forward to your progress

What's your liquidity pool? Glad to hear you didn't get burned by a bot. One thing I will say is its not enough to just deploy and promote. A lot of groundworks needed and the foundation of your coin needs to have somewhat of a trending/communal value

daytonarbow said:

1. This is a lot harder than I thought, I assumed myself and another who launched (who does marketing for a large crypto company) would have been significantly better off than most random people that launch a token without much know how or experience in social engineering.

2. Telegram serves nothing other than confirmation bias -- people want to see that there is an active telegram, if you have bots that spam very well, with a lot of variance you're much better off than having either shit bots, or no activity....but TG is worthless, it's nothing more than confirmation bias.

3. Twitter / X is really hard to use now, the new algorithms are pathetic and I can't for the life of me figure it out (this is coming from an engineer who previously worked at Twitter)

4. People are really stupid, they assume every token starts at a $0 market cap....you're FAR better off starting at over $1m market cap than sub $100k because people see numbers like "$10 million market cap" and assume you went from 0 - $10 million.

5. If you have the money, work with a market maker to run a bot to facilitate massive trading volumes, you need movement in the chart, if not people take 1 look and leave.

6. Paid promotions on Twitter / TG calls are worthless, 99.99% of the time. It's rare, but you might find a rare person who doesn't have mostly bot followers who can be somewhat helpful...but mostly avoid it.

Click to expand...

There are no market makers in Crypto. That's a traditional finance term.. What do you mean by "work with a market maker"?

Market makers, are AMM's in DeFi, which stands for Automated Market Maker. On Solana that's Orca and Raydium. Jupiter is an aggregator.

Trading volumes won't do anything to move the price of your coin though..

It moves based on the ratio of the order amount to the available liquidity.

Generally the lower the liquidity to market cap ratio, the more it's going to move.

If there is 20% market cap in the liquidity pool it can move a lot. If there's 80% in there, it's not going to move much, since there's enough floating tokens to move it.

This isn't that important for your own coin, since you own the rest.

But the only way you can move the price of your coin yourself through trading volumes is by creating the liquidity pool with 70-80% of your supply against say 10 sol, then you buy the supply from the liquidity pool with another 20-30 sol.

This is of course dangerous because bots will snipe your token cheap at the start, so they can dump it and steal your sol. They can't take your liquidity pool(not easily at least), but they can take the extra sol you added to the pool by buying your own token with sol, because now the price of your token is waaay higher. If they picked up 0.5 to 1 sol worth, and you've now pumped another 20-30 sol in, their 1 sol worth of your token is going to be worth like 30x more and they can sell it for 15-20 sol.

Driving up the price of your own token is risky UNLESS you are running your own RPC and building your own swap transactions to make ultra fast buys. Bots buy generally around the 3s to 10s mark after your liquidity pool is created.

LegendAndroidX said:

500 - 1000 between creating the contract and deploy it and liquidity

Click to expand...

Liquidity isn't an expense.

The only expenses are minting the coin, which is 0.1 sol, adding revoke freeze authority, another 0.1, then creating the openbook market contract, which you can do for 0.31 sol if you use lower values for event queue length, request queue length and orderbook length. You don't need that much unless your coin is going to be big. The final cost is 0.4 sol to make a liquidity pool on raydium.

The liquidity you get back. You can't really lose it..

daytonarbow said:

3. Twitter / X is really hard to use now, the new algorithms are pathetic and I can't for the life of me figure it out (this is coming from an engineer who previously worked at Twitter)

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But we still to face it, it's still the fastest way to reach the widest audience. Text beats waiting around for videos to render any day.

All those so called crypto experts, influencers, unbiased informers... all are scammers, they are into scamming general ppl.
They create and shill those shitcoins. The so called experts who's only into it for the project and potential, who used to say they are not into shitcoins or meme coins are now heavily shilling memecoins and shitcoins, scamming uninformed ordinary people, leaving with worthless bags of these shitcoins.

So, you have to work with these shitcoin experts, influencers if you want to succeed.

splishsplash said:

There are no market makers in Crypto. That's a traditional finance term.. What do you mean by "work with a market maker"?

Market makers, are AMM's in DeFi, which stands for Automated Market Maker. On Solana that's Orca and Raydium. Jupiter is an aggregator.

Trading volumes won't do anything to move the price of your coin though..

It moves based on the ratio of the order amount to the available liquidity.

Generally the lower the liquidity to market cap ratio, the more it's going to move.

If there is 20% market cap in the liquidity pool it can move a lot. If there's 80% in there, it's not going to move much, since there's enough floating tokens to move it.

This isn't that important for your own coin, since you own the rest.

But the only way you can move the price of your coin yourself through trading volumes is by creating the liquidity pool with 70-80% of your supply against say 10 sol, then you buy the supply from the liquidity pool with another 20-30 sol.

This is of course dangerous because bots will snipe your token cheap at the start, so they can dump it and steal your sol. They can't take your liquidity pool(not easily at least), but they can take the extra sol you added to the pool by buying your own token with sol, because now the price of your token is waaay higher. If they picked up 0.5 to 1 sol worth, and you've now pumped another 20-30 sol in, their 1 sol worth of your token is going to be worth like 30x more and they can sell it for 15-20 sol.

Driving up the price of your own token is risky UNLESS you are running your own RPC and building your own swap transactions to make ultra fast buys. Bots buy generally around the 3s to 10s mark after your liquidity pool is created.



Liquidity isn't an expense.

The only expenses are minting the coin, which is 0.1 sol, adding revoke freeze authority, another 0.1, then creating the openbook market contract, which you can do for 0.31 sol if you use lower values for event queue length, request queue length and orderbook length. You don't need that much unless your coin is going to be big. The final cost is 0.4 sol to make a liquidity pool on raydium.

The liquidity you get back. You can't really lose it..

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I have no idea what you're talking about, but clearly you do.

So, as an absolute crypto ignoramus, should I bother messing with unibot (now trojan) or bonkbot to get ahead while learning more?

Musa_fwd said:

I have no idea what you're talking about, but clearly you do.

So, as an absolute crypto ignoramus, should I bother messing with unibot (now trojan) or bonkbot to get ahead while learning more?

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The problem with something like bonkbot is you need your own private RPC node. The snipers who are making the money have that, so you aren't going to beat them with a public one like quicknode or helius.

Setting one up is complex. You need a really meaty server, like $2k-$3k/mo. It might be doable with less, but a lot of people are having problems keeping up with the latest blocks and end up lagging behind.

Your transactions needs to reach the current leader validator node. Most of them are in germany/north america, so you also want to look at building a private RPC as close as possible to the greatest number of validator nodes, and also not just any old validator node but ones with a high stake. Higher stake = higher chance of being the leader. Leader chances every 4 blocks, or every 1.6s.

Ideally you want to have about 4-5 private rpc nodes at specific locations and have them all send the swap transaction and you'll beat everyone.

splishsplash said:

The problem with something like bonkbot is you need your own private RPC node. The snipers who are making the money have that, so you aren't going to beat them with a public one like quicknode or helius.

Setting one up is complex. You need a really meaty server, like $2k-$3k/mo. It might be doable with less, but a lot of people are having problems keeping up with the latest blocks and end up lagging behind.

Your transactions needs to reach the current leader validator node. Most of them are in germany/north america, so you also want to look at building a private RPC as close as possible to the greatest number of validator nodes, and also not just any old validator node but ones with a high stake. Higher stake = higher chance of being the leader. Leader chances every 4 blocks, or every 1.6s.

Ideally you want to have about 4-5 private rpc nodes at specific locations and have them all send the swap transaction and you'll beat everyone.

Click to expand...

Ah, fair enough bonkbot is off the table then. I was looking at using unibot to copy trade the top-performing wallets...

Musa_fwd said:

Ah, fair enough bonkbot is off the table then. I was looking at using unibot to copy trade the top-performing wallets...

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Doesn't work unfortunately. You can't be fast enough.

By the time you even learn about the trade it's already too late.

It's all about speed. At least on solana. I don't know anything about other layer 1's. I assume it's similar.

But if everyone could just run a free bot to copy trades.. It wouldn't work. It's a zero sum game. It's PVP.

If millions of people could copy winning trades, those winning trades wouldn't be winning trades, or at least, only the first few would be profitable..

It's just whoever is fastest.

The guys who succeed with this have their own custom coded solution with their own optimized RPC server.

It's something I'm working on, but that's the thing.. If I manage to create one, why would I give it away or sell it? I can just run it and make 6 figures a month. This is PVP. Almost everything people are giving away is a scam.

Bonkbot charges a 1% fee on every transaction. lol.

so if you make money, they get 1%

If you lose money, they get 1%

30% of that goes to the team behind bonkbot. The rest is referrals, dev, community, marketing, etc

Some people make money with it I'm sure, but they've at least got private RPC servers.

This is not an easy thing to do though. It's *REALLY* difficult and complex stuff. I know because it's something I'm actively working on. AI is a piece of cake compared with this.

splishsplash said:

Doesn't work unfortunately. You can't be fast enough.

By the time you even learn about the trade it's already too late.

It's all about speed. At least on solana. I don't know anything about other layer 1's. I assume it's similar.

But if everyone could just run a free bot to copy trades.. It wouldn't work. It's a zero sum game. It's PVP.

If millions of people could copy winning trades, those winning trades wouldn't be winning trades, or at least, only the first few would be profitable..

It's just whoever is fastest.

The guys who succeed with this have their own custom coded solution with their own optimized RPC server.

It's something I'm working on, but that's the thing.. If I manage to create one, why would I give it away or sell it? I can just run it and make 6 figures a month. This is PVP. Almost everything people are giving away is a scam.

Bonkbot charges a 1% fee on every transaction. lol.

so if you make money, they get 1%

If you lose money, they get 1%

30% of that goes to the team behind bonkbot. The rest is referrals, dev, community, marketing, etc

Some people make money with it I'm sure, but they've at least got private RPC servers.

This is not an easy thing to do though. It's *REALLY* difficult and complex stuff. I know because it's something I'm actively working on. AI is a piece of cake compared with this.

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Yeah makes sense mate. Another case of "if it's too good to be true..."

Appreciate the replies!

Musa_fwd said:

Yeah makes sense mate. Another case of "if it's too good to be true..."

Appreciate the replies!

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It's do-able, but you need to put significant time into studying it. You also need to be fairly technical and know how to code, or at least find and modify code to work.

Musa_fwd said:

Ah, fair enough bonkbot is off the table then. I was looking at using unibot to copy trade the top-performing wallets...

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What's your experience of copy trading?

SEODominar said:

What's your experience of copy trading?

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Like zero tbh.
I've been away from crypto for 2/yrs the recent hype made me look at my wallet, was pleasantly surprised.
Not planning to get into any of the big caps until the market cools off again and was just going to use DEXscreener and unibot to play with a tiny amount copying profitable wallets that trade decent liquidity coins and hold for at least a minimum of 3min.

SEODominar said:

What's your experience of copy trading?

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Copy trading works, but you need ultra fast confirmation times.

Try affiliate marketing as networks already have tested products with conversion rates reports and estimates.

It's a lot less steps than own bs product.

Maybe you will find crypto offers to promote if you dream about working with the niche. I don't know why you would though.

It's pointless to pursue something you can't understand. In that time you could generate revenue and save yourself off distress.