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Token (& ENS & ID) Bidding Tasks
In this video, Beni explains Token Bidding Tasks, Token Bidding Tasks on traits, multi traits, rarity rank and market filters.
Collection Trait Bidding Tasks are used to create automated offers on all tokens of a specified collection trait.
- Super effective for collections without trait bidding activated on OpenSea
- Super flexible because you can combine filters with and/or combinators
- Can't be outbid by other trait-bidding bots that do not support Token Bids
- ENS Bidding possible through manual task configuration
Token Bids can be started from the very right icon "token bid".
Token bids offer the highest flexibility in configuration of the task. You can also start them from the trait overview:
If you want to bid on Otherdeed tokens with a "mega Koda" AND "category = chaos", pick both traits..
.. and start the task with the button on the top, make sure to have the AND-operator toggled as in the screenshot.
(we know this part is a bit painful and will improve the UI/UX in the next versions 😉)
Token Selection Screen
On this screen you can add additional filters to define on what tokens you want to bid on.
Ranking: when this symbol
is shown, we are calculating the rarity via traitsniper - if there is no symbol we're using our own formula - each trait gets a score with the following calculation (Token Rarity is calculated by :
Token Bidding Configuration
Min./Max bid price is probably the most important configuration as it defines the range you'll be bidding on. The higher the max bid price, the more risk you're taking.
- You can either define min./max. bid price in eth
- or min./max. bid price in % from floor (will be calculated before every single bid, you can also use negative values:
Min./max. price in %
Butler uses 3 different ways of outbidding increments:
- absolute in ETH (e.g. 0.001 ETH)
- in %
- smart outbidding (for very competitive tasks)
Outbidding options
Why use smart bidding? If many bots are bidding on the same token selection, it's difficult to remain the top bidder for an extended period of time and it requires a lot of resources to keep out bidding especially against multiple other bots.
An alternative way to win the bidding game is to use smart bidding which begins by making large outbidding steps which gradually decrease towards the maximum price configuration. The idea behind this is to shorten the number of iterations needed to reach a zone that is too risky or expensive for the competition.
This feature should only be used if you're still very confident with your maximum bidding price. Generally, winning a bid at an excessively high cost is not a real win, so be careful.
Token Bidding Tasks will then appear in the 2nd tab within the app. This part is built like a "playlist" and tasks can be either running, waiting in the queue or be unscheduled.
By clicking on the arrow in the top-left corner you'll be able to bid on any collection by copying the collection link/slug into Butler (no indexing required). You can also configure token ID ranges manually.
