Read Alfred: A sniper newcoin trading bot to solve sandwich attacks

After Maestro, Unibot, and Banana Gun, Telegram Bot has added a new general, Alfred, which has become a small hot spot in the past two days.

According to official documents, the founder of Alfred is Stephane Gosselin, co-creator of Flashbots. Stephane Gosselin and Phil Daian founded Flashbots in 2020. In recent days, many communities and KOLs have been spreading Alfred, calling Stephane Gosselin the father of "MEV", a claim that BlockBeats has found somewhat "hyped".

! Read Alfred in one article: Sniper Newcoin Trading Bot to Solve Sandwich Attack

The concept of Extractable Value for Miners (MEV) was first proposed by Phil Daian in a paper called "Flash Boys 2.0".

Currently, Ethereum implements PBS through MEV-Boost, a software provided by Flashbots run by validators that allows randomly selected block proposers to auction off the right to create the most profitable block to the highest bidder. To date, PBS has democratized MEV rewards by allowing only stakers to participate, without the need to use complex MEV strategies. However, other parts of the MEV supply chain still face the risk of centralization and scrutiny.

This diagram illustrates the main components of the MEV supply chain, and DeFi researcher Chris Powers writes in "MEV resolution: Are we there yet?" that the term was first coined by Stephane Gosselin.

! Read Alfred in one article: Sniper Newcoin Trading Bot to Solve Sandwich Attack

But at the end of 2022, BlockBeats News reported that Stephane Gosselin had a disagreement with the team and resigned because he wanted validators to support uncensored relays. In a statement at the time, Gosselin said that for a diverse and competitive MEV ecosystem, it is critical to maintain censorship resistance. "In the short term, I hope validators will avoid connecting to the relay that performs the review. Putting financial pressure on censorship by block space providers will help avoid excessive censorship."

Alfred: A sniper newcoin trading bot that solves sandwich attacks

In the early days of its launch, the number of daily active users quickly surpassed Unibot and even approached Maestro. It has been proven that sniper opening is a real demand of users.

Related reading: "Catching up with Unibot, how much potential does the upcoming dark horse Banana Gun have?" 》

However, Alfred is clearly more knowledgeable about MEV research, and in Alfred's view, there is a lot of friction when users access Crypto and DeFi through traditional methods:

First of all, when using wallets, it is common to encounter downloading sketchy wallet apps or confusing browser extensions; Second, setting up a deal is a complex and overwhelming experience, choosing which DEX or front-end to use, and then understanding how to set things like slippage, base fees, and priority fees; At the same time, for ordinary users, there are few features other than "I want to exchange token A for token B", and features such as sniping new token releases are reserved only for highly sophisticated participants.

On top of that, crypto mempools are a dark forest, and the average user earns rekt every time by running first, caught in the middle, or just getting poor execution on their orders.

According to the official documentation, Alfred is a fast and secure trading bot built directly into Telegram. After adding a bot to Telegram in just a few clicks, users will get an easy-to-use crypto wallet and a full suite of advanced trading tools directly in the Telegram app interface. Aldfred will be a trading steward for users, helping to hold, buy, sell, and snipe tokens with just a few clicks. All of the user's transactions will be completely private and protected from adversarial actors such as sandwich bots and frontrunners, ensuring that the user gets the best execution in the transaction.

Currently Alfred (AlfredTradesBot) is only available as a Telegram bot bot that allows users to buy, sell, and snipe tokens on Ethereum directly from their Telegram account. But in the future, Alfred will serve as an on-ramp and platform for all DeFi and crypto activities.

! Read Alfred in one article: Sniper Newcoin Trading Bot to Solve Sandwich Attack

Alfred-related MeMe diagrams

How Alfred Sniping Works

When you want to snipe at an upcoming token release, you can set up a sniper in the Alfred bot. You can only set up sniping for trading tokens/pools that have not yet been activated. If you want to buy an existing token, just click on the Buy feature instead of sniping.

Alfred then monitors the blockchain mempool for pending target transactions. A valid target trade is one that will be valid (will not be reinstated) if the buy trade is executed directly after the target trade. Common target trades include: Pool_creation/liquidity_add (creating pools, adding liquidity) and Trading is un-paused.

When Alfred sees a valid target transaction in the mempool, it will create a bundle containing your sniper transaction directly after the target transaction and attempt to land the bundle on-chain. If multiple Alfred users try to snipe the same token, it bundles all the snipers together, sorted by bribe amount. That is, those who are willing to bribe more will buy first.

How to use Alfred

1. Create a wallet

Similar to other Telegram bots, use the link to add Alfred to Telegram and click Start to set up your wallet and trading account.

! Read Alfred in one article: Sniper Newcoin Trading Bot to Solve Sandwich Attack

As soon as you add the Alfred bot to your Telegram account, you will generate your wallet instantly. The next step is to deposit some ETH to fund your wallet.

Due to the mechanism of the Ethereum blockchain, you will need some Ethereum (ETH) in your wallet to pay for gas fees when trading. Deposit some Ethereum into your wallet by sending some Ethereum to the wallet address you generated. If you want to sell or trade other ERC 20 tokens, you should send them to this address as well.

2. Send ETH and tokens

To send ETH or tokens from your Alfred wallet, click Wallet > Send; Specify the currency (tokens or ETH) and the amount you wish to send, enter the destination wallet address, and click Press to continue

3. Set up Sniping Sniping

Click on "Swap", then click Sniper and Create a new snipe, and enter the contract address of the token you want to snipe. Next, you'll need to configure your Snipe.

Enter the amount of ETH you want to buy, enter the bribe (the higher the bribe, the more likely you are to land first), and choose whether to land on Block 0 or land on the next block to buy Block +2.

! [Read Alfred: A Sniper Neocoin Trading Bot to Solve Sandwich Attacks] (https://piccdn.0daily.com/202311/07042919/ocjlvecgb6fwdd3e!webp)

Then click Press to create a new snipe to complete the creation. Once a valid target deal has been identified, the sniper will attempt to execute it, and you will receive a notification of success or failure directly in Telegram. You can edit the amount or cancel the sniper by clicking on the Swap >.

Alfred's Loyalty Points

Alfred's loyalty points are earned through various interactions with Alfred Bot. The more points you generate, the more you save on transaction fees. Additional benefits and rewards will be offered through the loyalty points program in the future. All users start at the Chef level and move up to a higher level as they earn more points.

! [Read Alfred: A Sniper Neocoin Trading Bot to Solve Sandwich Attacks] (https://piccdn.0daily.com/202311/07042911/bd6agasijg3macpo!webp)

Several ways to earn loyalty points:**

*1. First-time users will receive an "Onboarding Bonus": *First deposit: 500 points; First transaction: 750 credits; First trade snipe: 1, 500 points. Completing all first-time rewards will guarantee a promotion to the Butler level with a total of 2, 750 points.

**2. Pegged to the transaction amount: **$ 1 = 1 Point; $ 50 trade = 5 points, $ 1000 trade = 100 points。

**3. Consecutive Use Multiplier: **Use Alfred for several days in a row to earn a points multiplier; Points increase by 0.05x for each day of continuous use of Alfred, up to a maximum of 1.5x after 10 days; If a day is missed, it will revert to the previous day's multiplier.

! [Read Alfred: A Sniper Neocoin Trading Bot to Solve Sandwich Attacks] (https://piccdn.0daily.com/202311/07042910/r1rsukliwh9coox8!webp)

**4. Referral Rewards: For each user referred, the user will receive 25% of the points earned by the user, and there is no upper limit on the number of points that can be earned through the referral system.