I release my first product: A whale alert bot for Incognito ecosystem
First, let me define what a whale is:
An individual or organization that holds a large amount of Bitcoins or other cryptocurrency , allowing them to impact the markets.
There are two important elements in that definition: large amount and impact the markets. Those two elements require a metric to measure how large it should be. My response to this is:
If a transfer may impact the price of the pDEX pair that contains the transferred crypto by more than %1 up/down, it is a transfer performed by a whale.
This is my definition and it is *pDEX-centric*. **Let me go through some examples.**
If someone shields 100,000 MATIC (~1650 USDT as of now), there is a possibility that she will sell it in pDEX. If she sold all of it, the price of PRV/MATIC would increase by more than %1 (in the current liquidity condition for PRV/MATIC pair). So this shielding is counted as a transfer performed by a whale.
If someone shields 1650 USDT, there is a possibility that she will sell it in pDEX. If she sold all of it, the price of PRV/USDT would increase by less than %1 (in the current liquidity condition for PRV/USDT pair). So this shielding is not counted as a transfer performed by a whale although it has the same worth (in USDT) which the MATIC transfer above has.
If someone shields 5000 USDT, there is a possibility that she will sell it in pDEX. If she sold all of it, the price of PRV/USDT would increase by more than %1 (in the current liquidity condition for PRV/USDT pair). So this shielding is counted as a transfer performed by a whale.
As you may see, a whale transfer is decided according to how large its amount may impact the corresponding market.
After this background, I can present my product: **IncogWhaleBot for Twitter & Telegram**
Please note that since Incognito is a private chain, not all transfers are public. I will try to report all public whale transfers as much as possible as time goes.
Please leave me feedback on everything you think makes IncogWhaleBot better.
The reporting for Telegram channel will be enabled. The whale transactions of liquidity removals from pDEX will be reported. Unstaking will be reported. Large trades will be reported.
- Research how to report the liquidity removals from Provide. If possible, it will be implemented.
- Advanced bot to report the reverse transactions (unshield, stake, liquidity addition etc.)
- Visual improvements.
|1.0.0||Initial release reporting large shield transactions in Twitter||2020-10-15T21:00:00Z|
|1.0.1||Reporting to Telegram channel enabled. Reports for large trades started.||2020-10-18T21:00:00Z|
|1.0.2||No new feature. Bugs fixed. Decoupling of IncognitoSDK-Python.||2020-10-24T21:00:00Z|
|1.0.3||Minimum liquidity (10,000 USD) requirement activated. Bugs fixed.||2020-11-08T21:00:00Z|
|1.0.4||Unstake reported. Liquidity removal from pDEX reported. Independent fullnode implemented. Bugs fixed.||2020-11-22T21:00:00Z|
|1.0.5||New Telegram channel for the whale trades. Link preview disabled.||2020-11-24T21:00:00Z|
|1.0.6||Link preview disabled for all Telegram channels.||2020-11-28T21:00:00Z|
|1.0.7||New Telegram channels for the whale shield and liquidity transactions.||2020-12-14T21:00:00Z|
Tips are welcome!
Source Code: https://github.com/abduramann/incogwhalebot