How to Make $1,000 Daily

Hey everyone, it’s Adegbenga here. Today, I want to share with you a straightforward method to earn passive income through decentralized exchanges like Uniswap. This approach is simple to implement, doesn’t require prior knowledge, and is accessible to everyone. So, let’s dive into my personal experience on my computer.

Understanding the Basics of Ethereum Trading Bot

Imagine a scenario where someone, let’s call her Alice, decides to exchange a thousand dollars’ worth of ethers for Uni tokens. Assuming the Uni token’s price is five dollars at the moment of her transaction, a basic calculation reveals that Alice will receive 200 units of the Uni token. However, due to the potential for price fluctuations, Uniswap users are required to set a slippage percentage. This slippage represents the acceptable percentage of price increase for the transaction to proceed.

In this case, if Alice sets her slippage to 10%, she’s agreeing to a price up to $5.5 per unit, equating to approximately 181 tokens for her $1,000. Upon initiating the transaction via MetaMask, an interesting thing happens. Our bot detects Alice’s transaction and buys Uni tokens at $5, subsequently increasing the price. Consequently, Alice purchases 181 units of Uni token at $5.5 each. Our bot then sells all the tokens acquired in the initial transaction, pocketing a profit, which, after subtracting gas fees, amounts to around $91 — all within the same blockchain block.

Setting Up Your Ethereum Trading Bot

To get started, you’ll need MetaMask installed and connected to the Ethereum mainnet. If you haven’t installed MetaMask yet, there’s a helpful link in the description on how to do it. Remix is a crucial web application for developing, deploying, compiling, and launching smart contracts coded in Solidity. You’ll find a link to the Remix website in the description below.

Developing Your Bot

Once you’re on the Remix platform, create a new file named “bot.sol”. I’ve included a link to the bot contract code in the description. After copying and pasting this code into Remix, pay close attention to lines 55 and 56. Verifying these addresses on Etherscan ensures they correspond to the official wrapped ether tokens. It’s always prudent to double-check these details.

Compiling and Deploying

Back in Remix, it’s time to compile our bot file. Navigate to the Solidity compiler in the side menu. The contract is designed for version 0.6.6 of Solidity, so ensure you select this version before compiling “bot.sol”. Once compiled, move to the “Deploy and run transactions” section. Choose “Injected Web3” to connect Remix with MetaMask. Ensure “uniswap bot bot.sol” is selected under “Contract”, then click the deploy button to publish our contract to the Ethereum blockchain.

Funding and Starting Your Bot

After deploying, it’s crucial to fund our contract with ethers to enable it to snipe liquidity pools. You can fund the contract with any amount, but a larger balance increases the potential profit through front-running larger transactions. Once funded, as evidenced by our contract’s balance on Etherscan, clicking “Start” activates the bot. It begins sniffing the mempool for liquidity pairs to front-run.

Sharing My Profits

After a couple of hours, I was thrilled to share the profit generated by my bot. I earned approximately 1.17 ether, equating to a 17% profit from the front-run transactions over 10 hours. The net profit, after accounting for gas fees, was exactly 0.17 ethereum. Fast forward another day, and my earnings rose to about 1.37 ether, boosting my initial deposit by more than a third, close to 40% — a significant achievement.

Withdrawing and Reflecting on the Process

When you’re ready to collect your profits, simply click the withdrawal button. This exits the liquidity pool and returns the initial ethers plus profit to your wallet. I always set gas fees to high for faster transactions. After confirming, the transaction processes, and I eagerly check my MetaMask to see the increased balance. While profits can vary, I typically earn over two ethers weekly. However, it’s important to note that profitability can fluctuate.

If you have any questions, feel free to reach out to me on Telegram; the link is below. I encourage you to share your profits in the comments, hit the like button if you found this guide valuable, and don’t forget to subscribe to stay updated on ethereum trading bot strategies and more.