❓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 buy and sell fee?

The fee you are willing to pay to get your transaction processed.

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.

Bundle Tip vs BloXroute Tip

• Bundle Tip: Sends your transaction to Jito, which processes most slots on Solana. You tip Jito to get a better position in the slot and faster landing. Helps when Jito is processing the slot. • BloXroute Tip: If there's no Jito tip inside, Bloxroute sends your transaction to multiple nodes and validators. Helps with better landing when Jito is not processing the slot. Increases the chance of your transaction being included in non-Jito slots.

BloXroute Tipping Tips

A standard Bloxroute tip is around 0.01 SOL. There's no significant difference between a high tip and 0.01 SOL for Bloxroute. Very low tips (like 0.0001 SOL) are generally pointless as they might be ignored.

What's the difference between: Jito, BloXroute, NextBlock, Temporal?

The only difference is that Jito includes an anti-MEV solution. Otherwise, it’s purely a matter of personal preference, with no significant technical differences.