Inside 72 hours of its presale launch on the seventeenth of January, Bitbot raised an unimaginable $300,000.
Bitbot goals to steer the marketplace for Telegram buying and selling bots, a quickly rising section 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 follow, this implies these buyers with heavy telegram utilization, which of the 800 million lively Telegram customers is substantial, now not must function throughout two purposes to handle their trades: an change and the Telegram app. Moreover, Telegram buying and selling bots supply all the automated buying and selling options seen in change apps, bringing one of the 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 joyful 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 now have a fantastic staff and I’m wanting ahead to driving the product’s evolution and assembly the Bitbot neighborhood on our common AMAs, which might be introduced on our social channels all through the presale.”
The Bitbot staff is seeking to act rapidly with a relatively small $4.3 million increase goal, predicting a fast presale, with costs beginning at $0.0100 and ending at $0.0200, doubtlessly providing 100% good points for the early buyers previous to the undertaking itemizing. An extra incentive is the engaging 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 available for purchase on the official website.
Bitbot’s Push for Mass Market Adoption
Telegram buying and selling bots improve comfort by enabling customers to execute your entire buying and selling course of inside Telegram, the popular messaging platform for crypto, bypassing the continuously convoluted consumer 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, constantly 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 by way of the potential market share, and it’s this sort of potential that’s driving the product and growth staff 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 might be stubbornly advanced, with many counting on consumer instructions to function them. Moreover, quite a few safety points have plagued even the largest 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 eliminates the necessity for advanced instructions by providing an intuitive in-app interface that might be instantly recognisable to change customers.
Secondly, it gives non-custodial buying and selling, which 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 modern method specializing in institutional-grade asset safety.
The bot gives a myriad of superior options that may attraction to each newbie and superior merchants, from copy buying and selling to automated sniping.
Tokenomics and Presale Roadmap
As per the undertaking’s whitepaper, the Bitbot presale will run via Q1 and see the undertaking checklist on exchanges in Q2 (except the presale sells out early, which is feasible on the present trajectory).
Allocation particulars embrace 30% reserved for the presale, 20% for the event staff, 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 staff will bear a 1-year vesting interval, making certain long-term dedication from the staff.
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. Buyers in Unibot’s presale reportedly noticed good points of round 200x, in line 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 undertaking 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 buyers on the heels of the current 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 arms of retail customers, to allow them to commerce utilizing a wide range of superior options together with sniping and duplicate buying and selling.
Audited by Strong Proof, Bitbot focuses on safety and follows the motto, “your keys, your property.” To this finish the undertaking has partnered with Knightsafe to ship the world’s first non-custodial telegram buying and selling bot, mitigating towards counterparty threat 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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Bitbot
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