MC Mong XYZ
@mcmongx
[DEX MASTERY SERIES] - Part 2: What is trading/sniping BOT? What do we use BOT for? 🧵 1/ 🤖 BOT - it is an automated machine that executes pre-set commands, with basic buy and sell functions. Specialized BOTs can be used for sniping, copy trading, farming airdrops, etc.
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MC Mong XYZ
@mcmongx
2/ 🦉 BOTs can be used on both #DEX (decentralized exchanges) and #CEX (centralized exchanges), but currently, most people use BOTs for DEX trading. 🦉The reason for avoiding trading directly on DEX is that it often results in failed transactions due to errors and slow processing times.
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