With the assistance of the Telegram utility, Unibot customers have traded a complete of $54 million value of tokens
Within the current improvement, Telegram-based buying and selling bots have been attracting crypto merchants in giant numbers. These bots have enabled customers to commerce tokens as simply as they chat with one another on the messaging app. Driving a majority of the visitors is Unibot launched earlier this yr in Could 2023. The Unibot buying and selling bot has gained huge reputation on Telegram with its native UNIBOT tokens capturing up by greater than 54% during the last week. As per data from Dune Analytics, the group has additionally reported a gentle spike in consumer development.
ATH in metrics that really matter.
Centered 🦄🤖 pic.twitter.com/89Ql49Qqni
— Unibot (@TeamUnibot) July 14, 2023
With the assistance of the Telegram utility, Unibot customers have traded a complete of $54 million value of tokens. On the identical time, Unibot has additionally distributed $1 million in income again to the customers. These rewards are very a lot in proportion to the overall variety of tokens held by holders who obtain 40% of transaction charges and 1% of UNIBOT’s complete buying and selling quantity.
These merchandise are interesting as a result of they’re simpler to make use of than decentralized exchanges like Uniswap. Customers don’t should log in to their pockets repeatedly, double-check token info, or pay excessive charges to make sure profitable trades.
A few of the well-liked crypto market merchants have additionally shared their opinion on utilizing the Telegram-based Unibot. Fashionable Crypto Twitter dealer @blknoiz06 famous that “important downside w/ buying and selling on-chain is horrible UX, unibot permits you to simply market purchase/promote w/ 1 telegram command”. One other dealer @0xKawz additionally explained:
“Buying and selling straight via telegram is nice for quick swaps, scalps, and so on.”
Within the final 24 hours, newer tokens like Wagiebot (WAGIEBOT), 0xSniper (0XS), Bridge (BRIDGE), and Bolt (BOLT) have surged by as much as 500%, mirroring Unibot’s development. The mixed market capitalization for this area of interest sector is at the moment below $100 million, indicating the potential for larger and extra worthwhile returns because it continues to develop.
Telegram and Crypto Wallets
The Telegram Messenger is trying to migrate to a Web3 protocol by way of the TON blockchain community. Earlier this yr in March 2023, Telegram added the world’s largest stablecoin Tether (USDT) to its pockets bot. Including Tether (USDT) to Telegram’s bot market enhances customers’ functionality to navigate the crypto market throughout instances of elevated volatility. Stablecoins like USDT provide crypto merchants a shelter to guard their income in turbulent market situations.
Just lately, Telegram’s CEO Pavel Durov revealed that the messaging platform issued $270 million value of bonds to gasoline its development and improvement. Durov shared that the platform is repeatedly increasing and attracting roughly 2.5 million new customers every single day.
Moreover, the CEO disclosed that he personally invested in 25% of the bonds, contributing substantial funds to help Telegram’s development.
Bhushan is a FinTech fanatic and holds aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in the direction of the brand new rising Blockchain Expertise and Cryptocurrency markets. He’s repeatedly in a studying course of and retains himself motivated by sharing his acquired information. In free time he reads thriller fictions novels and typically discover his culinary expertise.