Blockchain Trading Bot

Problem to Solve

Manually scanning for profitable NFT deals proved to be a daunting task, especially as the marketplace became increasingly competitive. Traders had to spend considerable amounts of time analyzing listings, comparing prices, and identifying potential opportunities.

Moreover, the need to list NFTs for sale and execute buy orders introduced an additional layer of complexity. The price volatility characteristic of NFTs often led to missed opportunities, delayed trades, and the risk of losing out on lucrative deals. The problem at hand was clear: traders needed an efficient, real-time solution to navigate this ever-changing landscape.

Solution

To address the challenges faced by NFT traders, we developed a state-of-the-art software trading NFT bot. Leveraging our private access to the WAX blockchain through our self-hosted node, this bot brought automation and real-time capabilities to the forefront. It can read blockchain information swiftly and respond to market dynamics in real time. The bot is equipped with sophisticated algorithms that analyze market data, assess listing prices, and execute buy and sell orders at lightning speed.

By automating the labor-intensive tasks of scanning for good deals and managing transactions, traders can now focus on strategy and decision-making, rather than getting bogged down by tedious manual work. With our solution, traders gain a significant competitive advantage in the NFT market, increasing their chances of success in this fast-paced, highly competitive arena.

In the following sections, we will delve into the key features and benefits of our NFT trading bot, as well as present real-world results and success stories from traders who have adopted this innovative solution.

Private Wax blockchain node

Hosting a private WAX blockchain node was a monumental task, one that demanded unparalleled dedication and expertise. The challenges were formidable, and the technical requirements, staggering. Blockchain data, synchronized in terabytes, presented an immense storage and processing challenge.

Our journey to overcome these hurdles began with recruiting some of the top DevOps engineers in the world, including those responsible for running Europe’s primary internet servers.

To ensure seamless operation, we designed and implemented a redundant system featuring two duplicate servers running in parallel. In the event of one server experiencing downtime, the second server automatically took over, ensuring uninterrupted access to blockchain data. As part of the maintenance process, every six months, the blockchain data hosting had to be purged to accommodate the massive storage capacities.

The unique hardware requirements of our undertaking were met with a robust infrastructure: RAM of 128GB ECC, 32 physical CPUs, 2×3.84 TB NVMe storage, unlimited transfer capacity, all at an economical cost of 111.86 EUR per month. These high-end specifications played a pivotal role in the successful deployment and management of our private WAX blockchain node.

The significance of hosting our private WAX node cannot be overstated. It granted us direct and real-time access to the blockchain, a crucial advantage that forms the foundation for the real-time trading bot’s functionality. In the following sections, we will explore the impact of this feat on our automated NFT trading solution and how it has redefined the landscape of NFT trading for both novice and experienced traders alike.

Blockchain Trading Bot

Key Capabilities:
1. Smart Pricing and Relisting: The real-time bot possesses the intelligence to evaluate market conditions and price NFTs optimally for sale. It continuously monitors the market, adjusting prices as needed to ensure competitiveness and maximize profit potential.

2. Customizable Parameters: Recognizing that each trader’s goals and risk tolerance vary, the bot offers a range of customizable parameters. Users can set daily purchase limits, expected profit percentages, and define strategies to avoid pitfalls and unprofitable deals.

3. Transaction History and Profit Calculation: The bot maintains a comprehensive transaction history, allowing users to review and analyze past trades. It calculates profits and losses, providing valuable insights for refining trading strategies.

4. Advanced Filtering: A standout feature of the bot is its ability to apply filters globally by NFT template ID or collection name. This means traders can effortlessly tailor their trading strategies to specific niches or collections, optimizing their approach for different markets and trends.

With these advanced capabilities, our real-time NFT trading bot ensures that traders can operate with confidence and efficiency in the ever-evolving NFT marketplace. It not only simplifies the trading process but also equips traders with the tools needed to navigate the complexities of NFT trading successfully. In the subsequent sections, we will delve deeper into real-world examples and user experiences, highlighting how this revolutionary bot has transformed NFT trading for traders of all levels.