Mohammedia – A new contender is about to step into the crypto trading bot market. Snorter Bot (SNORT), based on Solana, is going to be launched officially on November 10 and is already receiving quite a lot of buzz for its lightning-fast transactions and cheapest trading fees on Telegram, at just 0.85%.
According to a sponsored report on Cryptonews, Snorter Bot has ambitions of competing against major players like Trojan, BONKbot, and Banana Gun, providing trading solutions that once belonged solely to institutional players.
The platform’s early momentum is evident; its SNORT token is already up by an impressive 59% and is trading at $0.04417 before its actual launch.
Engineered for speed and safety
Snorter Bot is exclusively optimized for Solana’s sub-second block times and low fees, providing a huge edge for traders when it comes to high-frequency sniping and trading of meme coins.
To this effect, Snorter Bot is packed with all essential sophisticated trading tools, such as copy trading, honeypot detection, rug pull protection, MEV, and limit orders, all of which can be accessed through Telegram directly.
Developers highlight user friendliness as one of the key features of this software. Users can easily deploy this trading bot, follow other prompts, such as “snipe” or “copy trade,” and configure risk limits or filters.
Users are kept up to date through real-time notifications, while a built-in affiliate sharing system allows users to reduce fees by letting others copy their strategies.
The security architecture is also central to Snorter’s pitch, with front-running protection and automated scam detection that aim to prevent fraud and make Telegram trading safer for everyday investors.
Expanding past Solana
Despite being a new project on Solana, Snorter Bot has broader plans that involve being compatible with multiple chains.
There is already support for Ethereum, and some of the future improvements will include compatibility with EVM chains, DeFi, governance, and trading through APIs. Developers have completed an audit and optimization phase as well to ensure the system is ready to scale.
Snorter’s mission is quite straightforward, and that is to democratize institutional-grade automation.
Based on the report by Cryptonews, approximately 70-80% of all trade on cryptocurrencies is now done through bots, and this is what Snorter wants retail traders, or small investors, to have as well, should its launch be as expected.