👋Introduction

Welcome to the world of Magpy

What can you achieve with MagpyBots🤖 ?

1. The user connects their smart contract wallet to Magpy.

2. They input a Trigger, which can be entered in the form of a simple function.

3. They input the Action that will be executed when the Trigger condition is met.

4. They specify the DEX that will be used to launch the action.

5. They input the type of action.

6. Users set the parameters described in Actions .

7. Your personalised MagpyBot can be run with just one click 🖱️

Use case

• Alice wants to create a bot that purchases cryptocurrency using dollar-cost averaging. Alice also wants to purchase across multiple chains to avoid the risk of chain halts or even bridge closures incase she uses 100% of the purchase amount on a single chain.

• Bob engages in spot trading for his Altcoin trades. However, since there is a possibility that the overall cryptocurrency price may drop for a while, he decides to purchase spot while hedging with a futures short.

• The project listed their token at the IDO price, but due to a massive selling pressure, the token price fell below the IDO price.

• The price of a utility token has risen too much, causing dissatisfaction among service users. On the other hand, the utility token price has fallen too much, causing operational problems for the product.

• Carol, who works at Crypto VC, will sell tokens whose lockup period has passed to earn revenue. Since Crypto has high volatility, she plans to sell them in fractions over a chosen period of time.