A new project named Snorter is joining the competitive market for cryptocurrency trading bots, offering a Telegram-based tool specifically designed for the Solana ecosystem. Centered around its native $SNORT token, the platform aims to provide traders with tools to navigate the often volatile meme coin market.

Core Features and Competitive Edge

The Snorter bot is engineered to give traders an edge through a suite of specialized features. According to the project, it will operate with a transaction fee of 0.85%, positioning it as a lower-cost alternative to competitors like Maestro, Trojan, and Bonk Bot, which typically charge 1% or more.

Key functionalities include a fast token “sniper” for acquiring newly launched assets, copy trading, and the ability to place limit orders. To enhance security, the bot incorporates protection against front-running and Maximal Extractable Value (MEV) exploits, alongside a system for detecting potential honeypot scams. These features are designed to streamline the on-chain trading experience directly within the Telegram interface.

Project Roadmap and Future Plans

Snorter’s development is structured in a multi-stage roadmap. The initial phase focuses on the bot’s architecture, smart contract audits, and the official launch of the $SNORT token presale. Following its debut on the Solana mainnet, the team plans a significant expansion.

The project’s ambitions include becoming a multi-chain platform by integrating support for Ethereum Virtual Machine (EVM) compatible blockchains. Later stages of the roadmap outline the introduction of advanced trading algorithms, strategic partnerships within the Decentralized Finance (DeFi) space, and the establishment of a community governance model, allowing users to have a say in the platform’s future development.

A new crypto trading tool, Snorter Bot, has been introduced to automate on-chain trading for users. The platform uses algorithms designed to manage risk in volatile markets and execute trades more efficiently than manual methods. It also integrates with Telegram, allowing users to manage trading activities directly from their mobile devices.

A Multi-Chain Token Bridging Ethereum and Solana

The project’s native token, $SNORT, operates on both the Ethereum and Solana blockchains to enhance its accessibility. To move the tokens between these two networks, users can utilize the Portal Bridge, a tool designed for cross-chain asset transfers.

The bridging process involves connecting an Ethereum wallet to the Portal Bridge interface, selecting $SNORT as the token to transfer, and choosing Solana as the destination chain. After the transaction is confirmed on Ethereum, the bridge mints a corresponding wrapped version of the token on the Solana network. Users can then add the token’s Solana address to a compatible wallet to manage their assets.

Understanding the $SNORT Token Economics

The total supply of $SNORT is capped at 500,000,000 tokens. The project has outlined a detailed allocation plan for its token economics. The largest portion, 25%, is reserved for product development. Marketing initiatives and exchange liquidity are each allocated 20% of the supply. Community-focused distributions account for 20%, split evenly between community rewards and token airdrops. The remaining supply is divided between the project’s treasury, which receives 10%, and staking rewards, which are allocated 5%.

The project has released an Ethereum contract address for the token at 0x21F5B2BAcb67C94Aa0982cE7428f7d1B3c9cEB53. The corresponding address for the Solana network is expected to be announced soon.

What is a Crypto Trading Bot?

A crypto trading bot is a software application designed to automate the buying and selling of digital assets. These tools help users execute trades more efficiently without needing to monitor markets constantly. Snorter is a new trading bot that operates directly within the Telegram messaging app, focusing on the Solana ecosystem.

How Snorter Works

When the bot goes live, users can begin by opening it in Telegram and selecting the ‘Start’ command. This process allows for the creation of a new Solana wallet or the importation of an existing one. Once set up, all of the bot’s features are accessible through its main menu.

Key Features and Security

The Snorter project highlights its fast trade execution and a competitive trading fee of 0.85%. On the security front, the bot incorporates several protective measures. It uses advanced encryption for trades and features MEV-resistance to prevent common exploits like sandwich attacks and frontrunning. Additionally, it includes built-in protections against honeypot and rugpull schemes.

Launch Timeline and Future Development

Snorter Bot is currently in an advanced beta testing phase, with a public launch planned for the third quarter of 2025. The development team also has plans for a multi-chain expansion in the future. The project’s associated token, $SNORT, has completed an audit and is available in Best Wallet.