[ad_1]
New York, United States, January 24, 2024, Chainwire
Within 72 hours of its pre-sale launch on January 17, Bitbot raised an incredible $300,000.
Bitbot aims to become the market leader in Telegram trading bots, a rapidly growing segment of the trading app market that has seen a whopping $7 billion in trading volume in its lifetime.
Telegram trading bots allow traders to manage a cryptocurrency trading portfolio within the Telegram app. In practice, this means that investors with intensive use of Telegram, which among Telegram's 800 million active users are significant, no longer need to operate on two applications to manage their transactions: an exchange and the Telegram app. Additionally, Telegram trading bots offer all the automated trading features seen in exchange apps, bringing the best of both worlds into one seamless package.
Andrew Jacobs, Bitbot Technical Product Advisor, commented: “As we experience a pivotal moment in the evolution of Web3, I am pleased to announce the launch of Bitbot. Our mission is to equip retail traders with powerful institutional-grade tools in a simple, intuitive trading interface backed by robust security. We have a great team and I look forward to driving the evolution of the product and meeting the Bitbot community during our regular AMAs, which will be announced on our social channels throughout the presale.
The Bitbot team is looking to move quickly with a relatively small raise target of $4.3 million, planning for a quick presale, with prices starting at $0.0100 and ending at $0.0200, potentially offering 100% gains to the first investors before the project is listed. An added incentive is the attractive proposition that Bitbot token holders will receive 50% of the company's profits distributed as a percentage of their holdings once it launches this year.
Bitbot (BITBOT) is available for purchase on the official site.
Bitbot's desire for mass market adoption
Telegram trading bots improve convenience by allowing users to execute the entire trading process within Telegram, the preferred messaging platform for crypto, bypassing the often complicated user experience associated with exchanges.
Although trading volumes on Telegram trading bots have been impressive, it is clear that there is still a majority share in the pie currently dominated by traditional cryptocurrency exchanges. Even Bitspay, regularly ranked among the top 70 exchanges on CMC, has a volume similar to that of all Telegram trading bots combined. The scale of the opportunity becomes evident in terms of potential market share, and it is this type of potential that drives the product and development team as well as Bitbot to deliver a product suitable for mass adoption.
This is undoubtedly one of the problems encountered by Bitbot's competitors. Telegram trading bots can be stubbornly complex, with many relying on user commands to make them work. Additionally, a number of security issues have hit even the biggest players in the market, leaving a bitter taste for some but potentially very positive potential for the Bitbot brand.
Bitbot takes these two issues head on. First, it eliminates the need for complex controls by offering an intuitive in-app interface that will be instantly recognizable to exchange users.
Second, it offers non-custodial trading, meaning users can integrate Bitbot with their cold wallets and eliminate the uncomfortable need to give up their private keys for the bot's powerful automated trading features to come into play. This is supported through the brand's partnership with secure custody. technology developer Knightsafe, and is an unprecedented offering in the Telegram trading bot market so far, a truly unique and innovative approach focused on institutional-grade asset security.
The bot offers a myriad of advanced features that will appeal to both beginners and advanced traders, from copy trading to automated sniping.
Tokenomics and presale roadmap
According to the project white paperThe Bitbot presale will run through Q1 and see projects list on exchanges in Q2 (unless the presale sells out sooner, which is possible on the current trajectory).
Allocation details include 30% reserved for pre-sale, 20% for the development team, 14% reserved for marketing, 3% for liquidity, 2.3% available to the community (including rewards and airdrops ) and 10% allocated to treasury.
The 20% reserved for the development team will be subject to a one-year vesting period, ensuring long-term commitment from the team.
Bitbot’s impressive journey in the crypto market
Competing trading bots Unibot and Banana Gun quickly rose to prominence as Unibot passed its token price. $230 in just three months after launch. Investors in the Unibot presale would have seen gains of around 200 times, according to a recent CoinDesk article.
Bitbot hopes to follow in their footsteps and its impressive rise has been aided by its rapidly growing community. 90,000 subscribers on and more than 5100 members on his telegram in the week following the announcement of the presale. The project is now already in Stage 2, with the token priced at $0.011 and only 9,200,000 tokens left before the price increases by 5% for Stage 3.
Bitbot hopes to attract pre-sale investors on the heels of the recent acceptance of Bitcoin ETFs and increased trading activity in the cryptocurrency market. This attracted a significant social following and was picked up by notable crypto publications like Invezz who have already listed Bitbot among their best cryptos for 2024.
About Bitbot
Bitbot is a new Telegram trading bot that aims to put institutional-grade trading tools in the hands of retail users, allowing them to trade using a variety of advanced features, including sniping and copy trading .
Audited by Solid Proof, Bitbot focuses on security and follows the motto “your keys, your assets”. To this end, the project has partnered with Knightsafe to deliver the world's first non-custodial telegram trading bot, mitigating counterparty risk and strengthening it with anti-MEV and anti-rug technology.
For more information and to purchase Bitbot (BITBOT), users can visit Bitbot's website.
Website | White paper | Social networks
Contact
CEO
Bitbot
Bitbot
(email protected)
[ad_2]
Source by [author_name]