Inside 72 hours of its presale launch on the seventeenth of January, Bitbot raised an unbelievable $300,000.
Bitbot goals to guide the marketplace for Telegram buying and selling bots, a quickly rising phase of the buying and selling app market that has seen a substantial $7 billion in lifetime buying and selling quantity.
Telegram buying and selling bots let merchants handle a cryptocurrency buying and selling portfolio inside Telegram’s app. In observe, this implies these traders with heavy telegram utilization, which of the 800 million energetic Telegram customers is substantial, now not have to function throughout two purposes to handle their trades: an trade and the Telegram app. Moreover, Telegram buying and selling bots supply all the automated buying and selling options seen in trade apps, bringing the very best of two worlds collectively into one seamless bundle.
Bitbot’s Technical Product Advisor, Andrew Jacobs, commented: “As we expertise a pivotal level in Web3’s evolution, I’m completely satisfied to announce Bitbot’s launch. Our mission is to equip retail merchants with highly effective institution-grade instruments in a easy and intuitive buying and selling interface that’s backed by strong safety. We’ve got an important group and I’m trying ahead to driving the product’s evolution and assembly the Bitbot group on our common AMAs, which will likely be introduced on our social channels all through the presale.”
The Bitbot group is trying to act shortly with a relatively small $4.3 million elevate goal, predicting a fast presale, with costs beginning at $0.0100 and ending at $0.0200, doubtlessly providing 100% positive factors for the early traders previous to the mission itemizing. An extra incentive is the enticing proposition that Bitbot token holders will obtain 50% of the corporate’s earnings distributed as a proportion of their holdings as soon as it launches this 12 months.
Bitbot (BITBOT) is that can be purchased on the official website.
Bitbot’s Push for Mass Market Adoption
Telegram buying and selling bots improve comfort by enabling customers to execute the complete buying and selling course of inside Telegram, the popular messaging platform for crypto, bypassing the regularly convoluted person expertise related to exchanges.
While buying and selling volumes on Telegram buying and selling bots have been spectacular, it’s apparent that there’s nonetheless a majority share left within the pie presently dominated by conventional cryptocurrency exchanges. Even Bitspay, persistently ranked among the many prime 70 exchanges on CMC, has a quantity much like that of all of the Telegram buying and selling bots mixed. The sheer scale of the chance turns into evident when it comes to the potential market share, and it’s this sort of potential that’s driving the product and improvement group and Bitbot to ship a product appropriate for mass adoption.
That is arguably one of many points with Bitbot’s rivals. Telegram buying and selling bots could be stubbornly complicated, with many counting on person instructions to function them. Moreover, quite a lot of safety points have plagued even the largest gamers available in the market, leaving a bitter style for some however a doubtlessly very candy upside for the Bitbot model.
Bitbot takes each of those points head-on. Firstly, it removes the necessity for complicated instructions by providing an intuitive in-app interface that will likely be instantly recognisable to trade customers.
Secondly, it presents non-custodial buying and selling, which means customers can combine Bitbot with their chilly wallets and remove the uncomfortable want to surrender their non-public keys for the bot’s highly effective automated buying and selling options to kick in. That is supported by the model’s partnership with safe custody know-how developer Knightsafe, and is so far an unprecedented providing within the Telegram buying and selling bot market, a very distinctive and progressive method specializing in institutional-grade asset safety.
The bot presents a myriad of superior options that may enchantment to each newbie and superior merchants, from copy buying and selling to automated sniping.
Tokenomics and Presale Roadmap
As per the mission’s whitepaper, the Bitbot presale will run by way of Q1 and see the mission checklist on exchanges in Q2 (until the presale sells out early, which is feasible on the present trajectory).
Allocation particulars embrace 30% reserved for the presale, 20% for the event group, 14% earmarked for advertising, 3% for liquidity, 2.3% out there to the group (comprising rewards and airdrops), and 10% allotted to a treasury.
The 20% designated for the event group will endure a 1-year vesting interval, guaranteeing long-term dedication from the group.
Bitbot’s Spectacular Journey Within the Crypto Market
Unibot and Banana Gun, competing buying and selling bots, swiftly gained prominence, with Unibot’s token worth passing $230 in simply three months of launch. Traders in Unibot’s presale reportedly noticed positive factors of round 200x, in line with a latest CoinDesk article.
Bitbot hopes to comply with of their footsteps and its spectacular elevate has been aided by its group, which quickly grew over 90K followers on X and over 5100 members on its Telegram inside per week of the presale’s announcement. The mission is now already in Stage 2, with the token priced at $0.011 and solely 9,200,000 tokens left earlier than the worth will increase by 5% for Stage 3.
Bitbot hopes to draw presale traders on the heels of the latest Bitcoin ETF acceptance and elevated buying and selling exercise within the cryptocurrency market. This has drawn a major social following and been picked up by notable crypto publications like Invezz who’ve already listed Bitbot amongst their prime cryptos for 2024.
Bitbot is a brand new Telegram buying and selling bot that goals to place institutional-grade buying and selling instruments within the palms of retail customers, to allow them to commerce utilizing quite a lot of superior options together with sniping and duplicate buying and selling.
Audited by Stable Proof, Bitbot focuses on safety and follows the motto, “your keys, your belongings.” To this finish the mission has partnered with Knightsafe to ship the world’s first non-custodial telegram buying and selling bot, mitigating in opposition to counterparty threat and reinforcing this with anti-MEV and anti-rug know-how.
For extra data and to purchase Bitbot (BITBOT) customers can go to Bitbot’s web site.
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