1 year ago
Telegram-based trading bots are rapidly attracting scores of crypto traders, allowing their users to punt connected tokens conscionable arsenic easy arsenic they would nonstop messages to each different connected the fashionable messaging app.
The person of the battalion seems to beryllium Unibot (UNIBOT), which launched successful May and has briskly gained a cult following. UNIBOT tokens person risen implicit 54% implicit the past week, and the squad has reported a dependable spike successful idiosyncratic growth, according to Dune Analytics data.
Data shows Unibot users person traded $54 cardinal worthy of tokens utilizing the application, with the level distributing astir $1 cardinal successful gross backmost to users. These rewards are proportional to the fig of tokens held with holders receiving 40% of transaction fees and 1% of UNIBOT's full trading volume.
The entreaty for specified products is apt owed to the easiness of usage compared to a decentralized exchange, specified arsenic Uniswap, wherever users person to continually log successful to their wallet, cross-check if each token accusation is correct, and brushwood precocious fees to guarantee their trades spell through.
“Main occupation w/ trading on-chain is unspeakable UX, unibot allows you to easy marketplace buy/sell w/ 1 telegram command,” writes fashionable Crypto Twitter trader @blknoiz06. “Trading straight done telegram is large for accelerated swaps, scalps, etc,” explains @0xKawz, different trader.
Meanwhile, newer tokens specified arsenic Wagiebot (WAGIEBOT), 0xSniper (0XS), Bridge (BRIDGE) and Bolt (BOLT) person jumped arsenic overmuch arsenic 500% successful the past 24 hours arsenic traders look to capitalize connected these tokens emulating Unibot’s growth.
As such, the full marketplace capitalization for this niche assemblage remains nether $100 million, CoinGecko information shows, which whitethorn constituent to higher and much lucrative returns for traders arsenic it grows.
Edited by Parikshit Mishra.
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