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.
|Feature||Basic Channel||Trade Channel|
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|
Tips are welcome!
Source Code: https://github.com/abduramann/incogwhalebot