# Best Practices & Tips

## Best Practices & Tips

Keep these in mind to get the most out of Cobi’s `/sniff` and `/cobi` commands:

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### 🔍 Sniffing Tokens

* **Always use a contract address** (e.g. `0x…`) when possible. Symbols can be ambiguous.
* **Check Top 10 Holders** first — anything above 50 % total could be a red flag.
* **Mind the Taxes**: buy/sell fees > 5 % can trap funds.
* **Interpret Risk Flags** in context: one “❌” may not kill a project, but several together are a bad sign.
* **Combine with on‑chain explorers** (Etherscan/BaseScan/Solscan) for deeper dives: view contract code, token transfers, liquidity pools.

### 🐶 Using `/cobi`

* **Cool, casual support:** ask Cobi for definitions, quick tutorials, chart tips, Base‑chain lore, etc.
* **Keep it concise**: short questions get faster, clearer answers.
* **Respect the cooldown** (5 s) — avoid flooding.
* Text with \["what", "who", "when", "where", "how", "why"] will activate Cobi's 'Smart' mode and he will try and reply with the most up to date information he has to date using Google's Gemini API.

### 📈 Interpreting Market Data

* **Price vs. Market Cap:** a low price doesn’t always mean “cheap.” Market Cap = price × circulating supply.
* **Liquidity** tells you how easy it is to buy/sell without slippage. More is better.
* **FDV (Fully Diluted Valuation):** theoretical market cap if all tokens minted — watch for huge gaps vs. current MC.

### 🛡️ General Safety Tips

* **Never chase “hot” memecoins**— let others test the waters first.
* **Verify owner renouncement** and contract audit status before big buys.
* **Beware zero‑tax “honeypots”**; a token that blocks sales will look risk‑flagged.
* **Don’t ignore small warning signs** (e.g. “Can Mint” or “Proxy Contract”) — they can cascade into bigger issues.

### 🛠️ Workflow Tips

* **Use groups & watchlists:** add Cobi to your TG group and pin `/sniff` usage.
* **Automate alerts:** schedule periodic `/sniff` on new launches or top picks.
* **Document findings:** screenshot or copy your `/sniff` output into a journal for later reference.

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🎯 **Remember:** tools like Cobi help speed your research, but **always DYOR** and cross‑check before committing real funds!
