How to play Copper launches like a pro
Fellow Chads,
Welcome to a new edition of how to beat the betas. In this edition we will have a crack at helping you master the mysterious art of Copper launches.
Does a typical Copper launch look like this for you?
> You find a new project that looks promising.
> It has 50 holders and is rising fast.
> You ape a fat stack in a single order.
> But the price isn’t going up any more.
> Before you know it you’re being dumped on as the pool releases more and more tokens.
This first candle top buying tendency is particularly common with Copper launches but fear not, we are here to help.
How do you get an edge when it comes to Copper launches?
The first thing that you need to know is that every new Copper Launch needs to call a function called “Set Swap Enabled”. This is called in the “CopperProxyV2” contract.
CopperProxyV2 is a public contract which can be monitored. It shows the add liquidity transactions to Balancer and it shows when the swap gets enabled (similar to the “open trading” function but for Copper).
The CopperProxyV2 is: 0x9A74cBFf3f36FF1E433Ef88D0ec1cdCD1eb79AFa
But I can’t see the new launch on Copperlaunch.com!
Correct — it takes Copper a period of time to actually process the front-end end show the NEW Copper launch on the ALL LBPs page.
That’s why true chads know how to find the LBP before it’s visible on the pool page.
Remember I told you that the Add liquidity transaction is also visible? Well we can use this information to locate the pool page…
Let’s take $CAW as an example.
Liquidity add transaction $CAW: Ethereum Transaction Hash (Txhash) Details | Etherscan
Go the the “”CAW Copper LBP * contract and copy this. In this case: 0x526217F24E8F427Fdb369A23f133C8a046e5B04e
And add the contract behind the url below:
https://copperlaunch.com/pools/<Add contract here>
Congratulations, you are already faster than 99% of the other copper participants!
Naturally, the Chads are running a custom bot which automates the above method of finding these Copper launches.
Okay I found it, now do I ape my life savings?
99% of the time the answer is NO.
Sniping Copper launches can be an expensive experience since most projects launch with only 1% of the tokens in the initial pool. This means that even if you ape a large amount, you can only end up with a small percentage of the total supply.
If we look at the $CAW Copper launch, we can see that they added 1.8 ETH or $5,550 into the initial pool. This means that aping more than 0.5 ETH would not make any sense, unless you love buying the top and giving anon teams a generous donation.
Most Copper launched look like the chart below, so unless you are SUPER early, you should always DCA your way in.
Does market cap matter?
Yes.
This is one of the most important things to properly understand in Copper launches since the supply (usually ~60% from the total supply) will be released gradually.
This is the reason the price tanks even when there are no buys / sells. There will simply be more tokens added to the pool.
Simply put: 1 token at $100 results in a $100 price per token. However, if the amount of tokens in the pool increases tenfold and the dollar amount stays the same, the price will nuke 90% ($100 / 10 tokens = $10 per token).
Determining the market cap is easy: take the price on Copper launch and multiply it with the total supply and you will have your fully diluted market cap.
To summarize :
1. Find them early by doing careful due diligence.
2. Don’t ape hard into the the first candle.
3. Always check the market cap. Don’t buy shitcoins with $50,000 USDC pooled and a FDV of more than a few hundred thousand.
4. If you made it this far your probably going to make it. Make sure to join our socials to never miss another update!
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