How to Find Freshly Deployed Tokens on Ethereum
Imagine buying FLOKI or PEPE as one of the first buyers, allowing you to get a good chunk of the supply for a a fraction of the price…
It’s not necessarily as easy as one might think, but let’s get you settled up with the essentials of finding early gems, shall we?
And do make sure to stick around, as one of the earliest buyers in both Floki and Pepe, I may have a good point or two. Let’s see!🔍
New deploys refers to the second a new token is born, through the deployment of its contract.
1️⃣Step One: we need a place to monitor every single new deployment of a token contract, thankfully neither me or you were the first to think of this. Here are some nifty Telegram groups with a LIVE feed of every token:
After a token has been deployed we await the liquidity to be added. No trading can occur without it in a token. We can watch liquidity get added by monitoring these:
2️⃣Step Two: Now we’ve got a bit of substance to stand on for our hunt. Unfortunately, the majority of new tokens are intended scams, sad to say, it’s just how it is.🤷♀️
The first things we need to ensure to know that it’s not going to scam in the next second is:
- Liquidity needs to be either 🔒LOCKED or 🔥BURNT a.k.a. stay in the actual liquidity and not slip right into a scammers pocket.
- Renounced ownership📝 is needed to ensure that the developer/dev of the contract doesn’t change functions like tax or token supply, which are the most common ways to fool buyers.
You can view and monitor these 2 through this all -in-one charting site:
dexspy.io
On the above image I’ve marked out four colors:
🔴Red: search for any ETH token through this field
🔵Blue: the little struckthrough person means that ownership is renounced.
🟡Yellow: (2 places) tells us that the liquidity is locked and for how long.
🟢Green: below this tab we can monitor all transactions that the dev is doing.
There we go, you are ready to go hunt. Please be careful and know that many projects don’t survive their first night or week. Manage risk by not spending too much on early tokens.
And this Shitcoin Checklist is worth keeping nearby unless you are a seasoned hunter.👇
Happy hunting and come say hi some time!
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