BUY SETTINGS

In this section you can learn more about how to set-up your buy settings

Mizar enables you to: buy already launched tokens with a Market Order (instant buy), or with a Limit Order (at defined deviation or price), or to setup a snipe for not launched tokens

Trade Launched Tokens

Market Order

A market order is an order which buy the token at current market price.

• Buy Amount: Define the amount you want to swap (in SOL or main asset).

Limit Order

By using Limit Orders, you can execute your transaction as soon as the defined deviation or price target is hit. You can set-up multiple limit orders to create a Dollar Cost Averaging (DCA) strategy. By clicking on the "Switch to Price" button you can switch to price view and define price targets instead of deviation.

• Drop: the price deviation relative to the token price at the time you created the snipe.

• Amount: the amount of asset to swap for the token at the defined deviation.

• Expiration: set the expiration time (in hours) after which the limit order will be considered expired.

Trade Not Launched Tokens (Snipe)

When a token is not yet launched, it means that the token cannot be bought and sold by traders yet. For tokens launching on chains without a mem-pool, like Base, you can set up a market order as described above. For tokens launching on chains with a mem-pool, such as Ethereum, you can use the Snipe Order method outlined below.

Mizar sniper bot relies on the Mizar Block-0 technology, with the primary goal to enable Mizar traders to be the first to snipe a token in the same block of its launch.

Mizar will always aim to make you the first buyer as soon as trading begins (block-0). Should the initial attempt at block-0 be unsuccessful, you can use the auto-retry and attempt to snipe in the subsequent block.

The block-0 snipe can fail for many reasons, including the miner not accepting the bribing fee. The greater the number of wallets engaging in the block-0 bundle, the higher the chance of securing the snipe. If the block-0 transaction fails, you won't pay the bribing fee.

• Amount: the amount of ETH you want to snipe.

• Bribing Fee: the amount of gas fee you will pay to snipe at block-0. In case the block-0 snipe fails, you won't pay any bribing fee.

• Auto Retry: enable it to snipe at block-1 in case the block-0 is not accepted.

• Backup Bribing Fee: the amount of bribing fee you will pay for sniping at block-1. This fee is paid only if the bot sniped at block-1.

• Slippage: slippage threshold for executing your block-1 snipe.