{"repo":"justusip/crypto-pnd-bot","free":true,"listed":false,"github":"https://github.com/justusip/crypto-pnd-bot","clone":"git clone https://github.com/justusip/crypto-pnd-bot.git","description":"Listens to Discord crypto pump-and-dump channels, buys the altcoin once announced and sells it immediately before the spike reaches its peak","language":"Python","stars":11,"topics":["altcoin","binance","discord","pump-and-dump","cryptocurrency"],"license":null,"category":"blockchain-web3","readme_excerpt":"crypto-pnd-bot Background There have been lots of crypto pump-and-dump (PND) schemes on lesser-known altcoins. A paper written by Jiahua Xu and Benjamin Livshits, The Anatomy of a Cryptocurrency Pump-and-Dump Scheme (DOI:10.2139/ssrn.3303365), has a great summary of how they work. Set-up: The organizer creates a publicly accessible group or channel, and recruits as many group members or channel subscribers as possible by advertising and posting invitation links on major forums such as Bitcointalk, Steemit, and Reddit. Telegram channels only allow subscribers to receive messages from the channel admin, but not post discussions in the channel. In a Telegram group, members can by default post messages, but this function is usually disabled by the group admin to prohibit members’ interference. We use the terms channel and group interchangeably in this paper. Pre-pump announcement: The group is ready to pump once it obtains enough members (typically above 1,000). The pump organizer, who is now the group or channel admin, announces details of the next pump a few days ahead. The admins broad- cast the exact time and date of the announcement of a coin which would then precipitate a pump of that coin. Other in- formation disclosed in advance includes the exchange where the pump will take place and the pairing coin. The admins advise members to transfer sufficient funds (in the form of the pairing coin) into the named exchange beforehand. While the named pump time is approaching, the a","default_branch":null,"files":null,"tree":[],"storefront":"/r/justusip","claimed":false,"request_supported":{"post":"https://gitbuyer.com/r/justusip/crypto-pnd-bot/request-supported","requests":0},"note":"indexed from public GitHub; nothing is for sale on this page. Clone it from GitHub. Paid listings live at /search."}