Inside 72 hours of its presale launch on the seventeenth of January, Bitbot raised an unimaginable $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, not must function throughout two functions to handle their trades: an change and the Telegram app. Moreover, Telegram buying and selling bots provide all the automated buying and selling options seen in change apps, bringing the perfect of two worlds collectively into one seamless package deal.
Bitbot’s Technical Product Advisor, Andrew Jacobs, commented: “As we expertise a pivotal level in Web3’s evolution, I’m pleased 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 have now an incredible workforce and I’m wanting ahead to driving the product’s evolution and assembly the Bitbot neighborhood on our common AMAs, which shall be introduced on our social channels all through the presale.”
The Bitbot workforce is trying to act shortly with a relatively small $4.3 million increase goal, predicting a speedy presale, with costs beginning at $0.0100 and ending at $0.0200, doubtlessly providing 100% features for the early traders previous to the venture itemizing. An extra incentive is the enticing proposition that Bitbot token holders will obtain 50% of the corporate’s income distributed as a share of their holdings as soon as it launches this yr.
Bitbot (BITBOT) is that can be purchased on the official web site.
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 incessantly 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 at the moment dominated by conventional cryptocurrency exchanges. Even Bitspay, persistently ranked among the many high 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 type of potential that’s driving the product and improvement workforce and Bitbot to ship a product appropriate for mass adoption.
That is arguably one of many points with Bitbot’s opponents. Telegram buying and selling bots could be stubbornly advanced, with many counting on person instructions to function them. Moreover, various safety points have plagued even the most important gamers out there, 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 advanced instructions by providing an intuitive in-app interface that shall be instantly recognisable to change customers.
Secondly, it presents non-custodial buying and selling, that means customers can combine Bitbot with their chilly wallets and eradicate the uncomfortable want to surrender their personal 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 expertise developer Knightsafe, and is up to now an unprecedented providing within the Telegram buying and selling bot market, a really 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 venture’s whitepaper, the Bitbot presale will run by way of Q1 and see the venture listing on exchanges in Q2 (until the presale sells out early, which is feasible on the present trajectory).
Allocation particulars embody 30% reserved for the presale, 20% for the event workforce, 14% earmarked for advertising and marketing, 3% for liquidity, 2.3% out there to the neighborhood (comprising rewards and airdrops), and 10% allotted to a treasury.
The 20% designated for the event workforce will bear a 1-year vesting interval, making certain long-term dedication from the workforce.
Bitbot’s Spectacular Journey Within the Crypto Market
Unibot and Banana Gun, competing buying and selling bots, swiftly gained prominence, with Unibot’s token value passing $230 in simply three months of launch. Buyers in Unibot’s presale reportedly noticed features of round 200x, in accordance with a current CoinDesk article.
Bitbot hopes to observe of their footsteps and its spectacular increase has been aided by its neighborhood, which quickly grew over 90K followers on X and over 5100 members on its Telegram inside every week of the presale’s announcement. The venture is now already in Stage 2, with the token priced at $0.011 and solely 9,200,000 tokens left earlier than the value will increase by 5% for Stage 3.
Bitbot hopes to draw presale traders on the heels of the current Bitcoin ETF acceptance and elevated buying and selling exercise within the cryptocurrency market. This has drawn a big social following and been picked up by notable crypto publications like Invezz who’ve already listed Bitbot amongst their high 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 arms of retail customers, to allow them to commerce utilizing a wide range of superior options together with sniping and replica buying and selling.
Audited by Strong Proof, Bitbot focuses on safety and follows the motto, “your keys, your belongings.” To this finish the venture has partnered with Knightsafe to ship the world’s first non-custodial telegram buying and selling bot, mitigating towards counterparty danger and reinforcing this with anti-MEV and anti-rug expertise.
For extra data and to purchase Bitbot (BITBOT) customers can go to Bitbot’s web site.
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