❓FAQs
Welcome to our FAQs! Find answers to common questions and learn how to make the most of Bloom Bot 🌸.
Is Bloom Bot free to use?
Yes, Bloom Bot is completely free to use. We only charge a 1% fee on buy and sell transactions.
What is slippage?
Slippage is the difference between the expected price of a trade and the actual price at which the trade is executed. It typically occurs during periods of high volatility or low liquidity. Generally, the higher it is, the faster your transaction is but the higher are the chances of getting your transaction sandwiched.
What is market cap?
Market cap is the total value of a cryptocurrency, calculated by multiplying price by circulating supply.
What is a bundle tip fee?
A bundle tip fee is an extra payment made to JITO's network of block producers to prioritize the inclusion of your transaction in the next block.
When is the contract renounced?
A contract is renounced when the developer gives up control, making it immutable and decentralized.
What is freeze authority?
Freeze authority allows a contract owner to pause or restrict transfers of tokens, usually for security reasons.
What is liquidity?
Liquidity in cryptocurrency markets refers to the total amount of funds available in the liquidity pool.
What is a liquidity pool?
A liquidity pool is a smart contract where tokens are locked for the purpose of providing liquidity.
MEV Protect and Processors
We’ve introduced some changes to MEV Protect and how processors are selected. You might wonder how this differs from our previous setup—here’s the short answer:
🟢 MEV Protect ON: Same as before, Jito is used as the processor plus some tweaks and custom solutions.
🔴 MEV Protect OFF: Same as before, but using NextBlock, Temporal, or BloxRoute as the processor.
How do Auto Orders work?
Auto orders are limit orders automatically created after you buy a coin. They trigger based on your settings and don’t require you to start them manually once created.
What does Degen Mode do?
Degen Mode instantly buys a token as soon as its contract address is entered in Telegram, without asking for additional details. Once typed, it will attempt to purchase based on your settings, regardless of your balance.
What are Limit Orders?
Limit Orders let you define a specific price at which you want to buy or sell a cryptocurrency. Unlike market orders that execute immediately at the current price, limit orders only trigger when the market reaches your desired price or market cap.
Bloom goes a step further by allowing you to combine multiple parameters—enabling you to fully customize each limit order to match your personal strategy.
Last updated