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AutoBoy prices tokens by calculating the effective market cap of a buy. This is the market cap a user is effectively paying when you account for fees that reduce how many tokens they actually receive - most importantly sniper taxes, but also LP fees. Here’s an example of a calculation:
  • Token A is a Clanker launch with an absolute market cap of $200k.
  • It’s currently within the sniper tax period: swaps in the next block incur a 50% sniper tax, meaning half of the user’s swap goes to sniper fees, not to buying the token. Swaps for this token are effectively paying twice the price.
  • AutoBoy therefore calculates the effective market cap as $400k.
  • Any orders with a max market cap of $400k or higher are valid and AutoBoy will attempt to execute them.

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When it’s recalculated

After launch, AutoBoy reevaluates the effective market cap by getting the current price of the most liquid Uniswap pool:
  1. Every time there is a swap from the pool
  2. Every block during fee periods where time is a modifier (i.e. during the Clanker sniper tax period)
Each time, if your order’s conditions are met, AutoBoy executes the buy.