⚡Frequently Asked Questions (FAQ)

I. Safety

Q: Why does LightningBot require private keys?

When you wish to send a transaction on any blockchain, you generate a transaction message that contains data like the recipient's address, the amount to be transferred, and other relevant details.

You sign the transaction with your private key to protect its integrity and legitimacy. Blockchains guarantee that only the owner of the private key may authorise and verify transactions linked with their wallet by requiring a private key to sign a transaction.

LightningBot needs a private key to buy, approve, sell, copy trade, and snipe. Your private key serves as a signer for LightningBot's transactions.

Metamask, which uses your browser's data storage to store your encrypted private keys, is a plausible comparison. LightningBot takes your encrypted private key from the safe environment, decrypts it internally, executes the job you've assigned it, then deletes the key from its cache for each activity that needs a private key.

Even without a wallet, you may use LightningBot as a research tool; however, functionality will be restricted to pasting and obtaining information regarding smart contracts.

Q: Are my private keys encrypted?

A: All of your wallet information is AES512 encrypted and stored in a secure environment.

II. General

Q: Is LightningBot open source?

A: LightningBot is currently not open source.

Q: When was LightningBot created?

A: LightningBot research and design began in March 2023, active development began in April 2023, beta version was released on July 2023

Q: What are the future plans for Lightning?

A: Lightning's major purpose is to push the limits and give ordinary DeFi consumers with comfort and simplicity of usage. It's difficult to go through any DEX again after using the bot.Lightning's primary objective is to become every DeFi user's Swiss Army knife, ready for use at any moment for any reason.

Many fascinating concepts, such as introducing additional decentralised protocols, LP interactions, bridging, and more, will be developed and integrated in the future.

Q: May I share Lightning expansion ideas?

A: Without a doubt. We really urge you to do so. Every piece of input we get from our consumers is collected, evaluated, and added to our production pipeline. If you have an idea that might improve Lightning Bot for the end user, we will try our best to include it.