Former Wall Street traders launch Bitbot–a crypto trading Telegram bot
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News of Bitbot’s presale is going viral, coinciding with the increasing popularity of Telegram trading bots. Bitbot, a non-custodial Telegram trading bot, will launch on Jan. 17.
Last year, Telegram trading bots registered a total trading volume of over $5 billion, which will likely only grow in the coming years as crypto returns continue to build.
2024 will be the year of Telegram trading bots
Bitbot is launching its presale in anticipation of the 2024 Bitcoin halving event.
Bitbot has strong fundamentals, attractive tokenomics, and a roadmap with short- and long-term growth prospects.
The Bitbot Telegram group has gained thousands of interested investors waiting for the presale to launch.
With the official launch approaching, Bitbot can attract new capital in 2024.
Telegram trading bots: a quick rundown
Telegram trading bots have become increasingly popular for facilitating trading on decentralized exchanges (DEXs) through a familiar interface.
According to CoinGecko, the total market cap for Telegram trading bots is around half a billion dollars, making Telegram trading automation one of the major growth sectors in crypto trading.
However, two major players, Unibot and Banana Gun, have recently been affected by security incidents that have caused significant losses.Â
Unibot was hacked for $560,000, causing a 40% drop, while Banana Gun experienced a suspected rug-pull that led to a 99% price drop within three hours of its launch.
These incidents have raised concerns about security among Telegram trading bots and may have slowed adoption.
As a result, there is a need for a comprehensive Telegram trading security solution, which could make Bitbot’s solutions an attractive option for Telegram’s crypto-trading community.
What is Bitbot? Why is it different?
Bitbot is a non-custodial Telegram trading bot developed with Knightsafe, a custody service.
It enables users to trade from cold wallets on the messaging app, providing enhanced security by allowing users to control their private keys completely.
Bitbot is also developing anti-MEV and anti-rug tools to protect users from scams and other issues.
This bot will secure users against price manipulation, rug pulls, and other unscrupulous practices.
A quick note about Bitbot’s tokenomics
The total supply of tokens will be 1 billion, and 300,000,000 tokens will be available during the presale.
The token will launch on Ethereum and Solana, making it more accessible to investors who may have been previously discouraged by gas fees.
Apart from that, 3% of the tokens will be reserved for liquidity, 23% will be available to the community for rewards and airdrops, 14% will be allocated for marketing purposes, and 10% will go towards a treasury.
The remaining 20% of tokens will be given to the team over a 2-year vesting period to prevent any dumping from the dev team before the project has taken off.
How does Bitbot work?
Bitbot is a platform that offers advanced security and functionality to its users.
Its sniping feature enables beginner and expert traders to search quickly for presale opportunities on blockchains with high-priced ceilings.
Bitbot members can also access information about promising investments and presales through its Gemscanner and Alpha List features.
In addition, Bitbot’s team plans to introduce a copy trading feature that allows users to mimic the trades of top crypto wallets using only on-chain transactions.
Bitbot aims to create a sophisticated non-custodial and institutional-grade solution that will empower retail investors to compete with whales and institutional money.
Interested investors can learn more about Bitbot’s features, roadmap, team, and audit by referring to the project’s whitepaper, which will be available shortly on the Bitbot website, or by attending the numerous AMA sessions scheduled during the presale event.
Bitbot’s prospects in 2024
Investors looking to capitalize on the Bitcoin halving event in April 2024 may consider low-cap tokens like BITBOT.
BITBOT is expected to deliver a superior product and experience significant gains in value, following the trail blazed by competitors like Unibot and Banana Gun.
The 15-stage presale of BITBOT will feature a 5% token price increase for every succeeding stage, providing potential investors a chance to profit even before the token launches on exchanges worldwide.
Final thoughts
Crypto analysts believe that Bitbot can become one of the top performers if it can capture a larger market share than Unibot and Banana Gun. With a strong management and development team that includes Wall Street experts and defi crypto, Bitbot can take over the Telegram market. Furthermore, the bullish market sentiment and the upcoming Bitcoin halving in April this year add to Bitbot’s potential growth.
The Bitbo token is currently available for $0.0100 in the ongoing presale.
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