Hello everyone,
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.
(Source: https://academy.binance.com/en/glossary/whale)
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**
To be notified of the whale transfers as they happen, you need just to follow the bot’s Twitter account or Telegram channel.
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 Matrix:
Feature/Channel | Basic | Trade | Shield | Liquidity |
---|---|---|---|---|
Trade | ||||
Shield | ||||
Unshield | Soon | |||
Liquidity Addition | ||||
Liquidity Removal | ||||
Stake | ||||
Unstake | ||||
Telegram |
Roadmap:
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.
Changelog
Version | Features | Date |
---|---|---|
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 |
1.0.8 | Cashtags instead of hashtags. Explorer link bug fixed. | 2021-09-25T21:00:00Z |
Tips are welcome!
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Source Code: https://github.com/abduramann/incogwhalebot