GENERAL FAQs
Frequently Asked Questions:
WHAT ARE THE FEES ON BLOCKNINJA BOT?
BlockNinja charges a simple and transparent fee structure:
A flat fee of $4 per trade.
An additional 1% of the trade volume.
For example, if you purchase $500 worth of $TRUMP tokens, the total fee will be: $4 (flat fee) + 1% of $500 = $9.
WHY CAN'T I BUY OR SELL A TOKEN?
If you are getting a swap failed error on Block Ninja Bot, it could be due to a few factors:
Insufficient SOL for Transaction: Ensure you have at least 0.005 SOL in your wallet to cover the transaction fees.
High Volatility: If the coin is highly volatile, set a reasonable slippage (the default is 20%).
Token Status: Verify that the token has not rugged.
If you’ve checked and adjusted these factors but are still experiencing swap failed error issues, please contact the moderators for assistance.
WHAT SHOULD I DO IF I ENCOUNTER AN ERROR WHILE USING THE BOT?
If you encounter an error, you can type /start to restart the bot. This action often resolves common issues and gives the bot a fresh start.
THE TOKEN I WAS TRADING RUGGED. WHAT CAN I DO?
When trading memecoins, it's common to encounter scams known as rug pulls.
A rug pull happens when the token creator initially funds the liquidity pool to launch the token. Once it gains traction and users begin buying (adding more funds to the liquidity pool), the creator may decide to remove the liquidity pool, effectively stealing all the money invested.
If the liquidity pool is locked or burned, this can prevent the most common type of rug pull. However, creators may still find alternative methods to execute a rug pull.
Once a token has been rugged, there are limited options for recovery. One solution is to burn the rugged token. Using services like Sol Incinerator, you can permanently remove scam tokens (or NFTs) from your BLOCKNINJA BOT Wallet while receiving a small amount of SOL in return.
To burn tokens with Sol Incinerator:
Connect your wallet to the Sol Incinerator website.
Navigate to the token screen and select the token you'd like to burn.
Proceed to the cleanup screen to complete the process.
⚠️ IMPORTANT: Burning tokens is irreversible. Carefully verify the tokens you are selecting to burn. If you accidentally burn valuable tokens like SOL, USDC, or other assets, they will be permanently lost. Proceed with caution!
I’M GETTING A SWAP FAILED ERROR ON BLOCKNINJA BOT
If you are getting a swap failed error on Block Ninja Bot, it could be due to a few factors:
Insufficient SOL for Transaction: Ensure you have at least 0.005 SOL in your wallet to cover the transaction fees.
High Volatility: If the coin is highly volatile, set a reasonable slippage (the default is 20%).
Token Status: Verify that the token has not rugged.
If you’ve checked and adjusted these factors but are still experiencing swap failed error issues, please contact support.
DOES BLOCKNINJA BOT ALLOW MULTIPLE WALLETS?
No, BlockNinja currently allows only a single wallet for trading. This is designed to simplify fund management for users.
WHAT ARE THE DIFFERENCES BETWEEN THE TURBO AND FAST MODE? WHICH ONE IS BETTER?
Each transaction on Solana incurs gas fees. BlockNinja offers two modes for transactions:
Turbo: Gas fee is 0.0075 SOL. This mode is ideal for users who want the fastest transactions.
Fast: Gas fee is 0.0015 SOL. This is a more economical option but slightly slower. If speed is your priority, Turbo mode is recommended.
I ACCIDENTALLY SENT USDC/USDT OR OTHER TOKENS TO BLOCK NINJA BOT WALLET. HOW DO I RECOVER IT?
Currently, BlockNinja does not support withdrawing specific tokens like USDC or USDT. Users can only withdraw SOL. However, you can recover your funds by making a sell trade for USDC or other tokens in the wallet. Withdrawal of specific tokens will be available soon.
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