New York, USA, January twenty fourth, 2024, Chainwire
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 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 observe, this implies these buyers with heavy Telegram utilization, which of the 800 million energetic Telegram customers is substantial, now not must function throughout two purposes to handle their trades: alternate and the Telegram app. Moreover, Telegram buying and selling bots provide all the automated buying and selling options seen in alternate apps, bringing the most effective of two worlds collectively into one seamless bundle.
Bitbot’s Technical Product Advisor, Andrew Jacobs, commented: “As we experience a pivotal point in Web3’s evolution, I’m happy to announce Bitbot’s launch. Our mission is to equip retail traders with powerful institution-grade tools in a simple and intuitive trading interface that is backed by robust security. We have a great team and I am looking forward to driving the product’s evolution and meeting the Bitbot community on our regular AMAs, which will be announced on our social channels throughout the presale.”
The Bitbot crew is trying to act shortly with a relatively small $4.3 million elevate goal, predicting a speedy presale, with costs beginning at $0.0100 and ending at $0.0200, doubtlessly providing 100% features for the early buyers previous to the challenge itemizing. A further 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 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 often 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 improvement crew 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 might be stubbornly complicated, with many counting on consumer instructions to function them. Moreover, plenty of 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 removes the necessity for complicated instructions by providing an intuitive in-app interface that will likely be instantly recognizable to alternate customers.
Secondly, it presents non-custodial buying and selling, that 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 up to now an unprecedented providing within the Telegram buying and selling bot market, a very distinctive and revolutionary method specializing in institutional-grade asset safety.
The bot presents a myriad of superior options that can enchantment to each newbie and superior merchants, from copy buying and selling to automated sniping.
Tokenomics and Presale Roadmap
As per the challenge’s whitepaper, the Bitbot presale will run by way of Q1 and see the challenge record 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 crew, 14% earmarked for advertising, 3% for liquidity, 2.3% accessible to the group (comprising rewards and airdrops), and 10% allotted to a treasury.
The 20% designated for the event crew will bear a 1-year vesting interval, guaranteeing long-term dedication from the crew.
Bitbot’s Spectacular Journey In 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. Traders in Unibot’s presale reportedly noticed features of round 200x, in line with a current CoinDesk article.
Bitbot hopes to comply with of their footsteps, and its spectacular rise has been aided by its group, which quickly grew to over 90K followers on X and over 5100 members on its Telegram inside every week of the presale’s announcement. The challenge 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 has been picked up by notable crypto publications like Invezz, who’ve already listed Bitbot amongst their top 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 fingers 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 Stable Proof, Bitbot focuses on safety and follows the motto, “Your keys, your assets.” To this finish, the challenge has partnered with Knightsafe to ship the world’s first non-custodial telegram buying and selling bot, mitigating counterparty danger and reinforcing this with anti-MEV and anti-rug know-how.
For extra info and to purchase Bitbot (BITBOT), customers can go to Bitbot’s website.