BRC-20 HelperBot
About the Bot
BRC-20 Helperbot is a custom bot built by our founder MDV, and token-gated to BTC Substance holders. It uses a proprietary algorithm with 7 parameters to scan currently-minting BRC tokens and reccomend mints which have a potential profit upside for minters.
How it works
Every day, dozens of new BRC-20 tokens are deployed. Once they're deployed, any user is able to start minting. There's no whitelist/allow list, it's a free-for-all, which is inherent to the protocol.
Each token has a total supply, and a maximum amount allowed per "mint". The most common is 21 Million supply, with 1000 allowed per mint. This means there would be 21,000 total Mint transactions until sellout.
Some tokens will mint out in hours or minutes, while some never mint out. Lots of factors play into this, is the ticker's name related to recent viral events? Is there a team pushing the ticker? Does it have a social media presence? Is it Elon's 5th cat's brithday? Often, if there's a hype memecoin on another chain, there will be a matching BRC-20 deployed to ride the hype wave.
The BRC-20 HelpBot constantly scans the mempool, trying to find tokens that are minting quickly, have a lot of hype, and might present a good investment opportunity. . If it deems the token to be potentially worthwhile, it will "Call" the token with a TG post that has all relevant stats and a mint link.
How does it find good tokens?
From the second each token is deployed, my algorithm tracks everything about the mint, and records key stats.
How long did it take from deploy to 20% minted? How about 20% to 40%?
What is current mempool congestion? How much does east mint transaction cost? We don't want to suggest a mint if it's >$20 per tx.
How many mint transactions have there been total? Sometimes people will deploy a token that only requires like 10 mints to sell out, we ignore those.
What percent of minters are unique? We don't want to buy into something where a single holder has a huge supply.
How many transactions are currently in the mempool? This alludes to the current hype, right now. Lots in the mempool means it will sell out fast.
The second the token hits 60% minted, the alrogithm compares all of these traits with finely tuned thresholds to determine if the token will likely sell out immediately, and as a result, have high demand on secondary. The call will have a score of 0-100. Anything over 80 is very likely to be a banger, anything under 80 is less of a sure bet.
Post-mint
The TG Bot will also alert you once the token has sold out, with a link to sell on secondary.
After mint-out, if the token is performing well on secondary, you'll get another ping saying the token's value has increased by 150%. This is usually a good sign to sell. NOTE: This notification will only fire if there is significant volume on secondary
IMPORTANT CAVEATS!!!!!
The bot is working as intended, but the collective hype around BRC-20 is comparatively low right now, with all the focus on 404 tokens and runes. As a result, the number of profitable BRC-20 opportunities is low. I don't want the Bot to be calling tokens that will just make the community lose money, so the bot will likely only have 1 call every few days. But, even with low BRC-20 hype, there will still be occasional bangers that you don't want to miss out. $GRPH, which minted for $8 and sold at an all time high of $7,400 happened just a month ago in similar market conditions. And $MCAP that also went up over 10,000% happened just last week. There have been 2 calls in the last 3 days. So, in short, don't expect this to give calls constantly, as I'm trying not to suggest money losing tokens.
Again, this is ONLY FOR HOLDERS, so if you'd like access you can buy on secondary now!!
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