> For the complete documentation index, see [llms.txt](https://solsniper.gitbook.io/solsniper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://solsniper.gitbook.io/solsniper/introduction/what-is-solsniper.md).

# What is Solsniper?

![](/files/efFVqLZbOcPrvByyjCUO)

Undoubtedly, buying new tokens as soon as liquidity is added is one of the best ways of earning money on the Defi. The main idea is to buy the new token and sell it during the listing pump.

This method often doesn't work very well on very large chains like BSC, ETH, etc. If we take the Binance Smart Chain as an example, liquidity is added to 300-500 tokens per day and the majority of them are rugpull. Rugpull is only one of the risk factors in the BSC network. Also, very high fees are often paid when buying or selling tokens on the BSC network. In some cases, the contract codes of the tokens are broken and you may not be able to sell the token you bought.

{% hint style="success" %}
We have good news! There is no extra fee or broken contract on Solana Network :tada:
{% endhint %}

This means we can buy and sell all the SPL tokens with zero extra fees. You will only pay %0.5-%1 slippage and a very small amount of SOL as a transaction fee. 

But still, there are some risks. To be honest %90 of the tokens listed on the Raydium are rugpull or non-hyped projects. But still, the price of some tokens can rise as much as 300-500x. So the plan is to know what you are buying, doesn't being greedy, and sell it early. 

## Getting Started

We are sharing the new pair information on the public Telegram channel. The information of new pairs is shared in the telegram group without delay by Solsniper Bot.

{% embed url="<https://t.me/solsniper>" %}
Solsniper Telegram Channel
{% endembed %}

Everyone can turn on the notification of the telegram channel and buy the token when notified. The key to making money with this method is to buy very quickly. So fast fingers will make tons of money. Make sure you read the [guides](#guides-jump-right-in) and the [strategies](#strategies-dive-a-little-deeper) before you start.

## Guides: Jump right in

{% hint style="warning" %}
**We highly recommend that you read the guides before using the bot.**
{% endhint %}

Follow our handy guides to get started on the basics as quickly as possible:

{% content-ref url="/pages/W6VwuGVSFtfzw2b12VPs" %}
[Setup Your Wallet](/solsniper/guides/setup-your-wallet.md)
{% endcontent-ref %}

{% content-ref url="/pages/eIkZWzvf2Y9wHHDccNQP" %}
[Tools to Use](/solsniper/guides/tools-to-use.md)
{% endcontent-ref %}

{% content-ref url="/pages/1cblhyGMSsoZCIVLziVf" %}
[Raydium 101](/solsniper/guides/raydium-101.md)
{% endcontent-ref %}

{% content-ref url="/pages/Aw5hXXNf9ry2y4zZkNTV" %}
[Risk Management](/solsniper/guides/risk-management.md)
{% endcontent-ref %}

## Strategies: Dive a little deeper

{% hint style="warning" %}
**We highly recommend that you read the strategies before using the bot.**
{% endhint %}

Learn the fundamentals of the SPL tokens to get a deeper understanding of the business model as sniping:

{% content-ref url="/pages/kyp65t57VzKSDdQzofcJ" %}
[Token Characteristics](/solsniper/token-characteristics.md)
{% endcontent-ref %}

{% content-ref url="/pages/FZNPaAsVAEaMYIPGn61e" %}
[Understanding AMM](/solsniper/mastering-on-solana/understanding-amm.md)
{% endcontent-ref %}

{% hint style="danger" %}
**DISCLAIMER**\
All info provided by Solsniper about new listings is from the Solana blockchain, Solsniper team doesn't verify any of these projects and many of them can be scams. Use the recommended [tools](/solsniper/guides/tools-to-use.md) and [research the project](/solsniper/guides/fundamental-analysis.md) before investing.
{% endhint %}