New non-custodial Telegram trading bot Bitbot raises $300,000 in first 72 hours of presale

adminJanuary 25, 2024

January 24, 2024, New York, USA, Chainwire

Within 72 hours of launching presale on January 17, Bitbot raised a whopping $300,000.

Bitbot aims to lead the Telegram trading bot market, a fast-growing segment of the trading app market with a lifetime trading volume of $7 billion.

Telegram trading bot allows traders to manage their cryptocurrency trading portfolio within the Telegram app. In practice, this means that investors who are heavy Telegram users – a significant portion of the 800 million active Telegram users – will no longer need to run two applications – the exchange and the Telegram app – to manage their trades. Additionally, Telegram trading bots offer all the automated trading features found in exchange apps, combining the best of both worlds into one complete package.

Andrew Jacobs, Technical Product Advisor at Bitbot, said: “We are excited to announce the launch of Bitbot as we experience a pivotal point in the evolution of Web3. Our mission is to provide retail traders with powerful institutional-grade tools in a simple, intuitive trading interface backed by strong security. We have a great team and we look forward to driving the evolution of the product and meeting the Bitbot community at regular AMAs that will be announced across our social channels during the pre-sale period.”

The Bitbot team intends to act quickly with a relatively small $4.3 million raise target and anticipate a quick pre-sale with the price starting at $0.0100 and ending at $0.0200, potentially offering a 100% profit to early investors before the project is listed. An additional incentive is the attractive offer that Bitbot token holders will receive 50% of the company’s profits distributed as a percentage of their holdings when it launches this year.

BITBOT can be purchased at: official site.

Bitbot’s push for mass market adoption

Telegram trading bots improve convenience by allowing users to conduct the entire trading process within Telegram, the preferred cryptocurrency messaging platform, bypassing the often complex user experience associated with exchanges.

Although the trading volume of Telegram trading bots is impressive, it is clear that there is still a large chunk of the pie currently dominated by traditional cryptocurrency exchanges. Even Bitspay, which is consistently ranked among the top 70 exchanges by CMC, has a trading volume comparable to all Telegram trading bots combined. The scale of the opportunity is evident in terms of potential market share, and this kind of potential is what drives the product and development team and Bitbot to deliver a product suitable for mass adoption.

This is arguably one of the problems for Bitbot’s competitors. Telegram trading bots can be very complex and many rely on user commands to operate them. Moreover, a number of security issues have plagued even the biggest players in the market, leaving a sour taste for some but potentially very good upside for the Bitbot brand.

Bitbot addresses both of these issues head-on. First, it provides an intuitive in-app interface that is immediately recognizable to exchange users, eliminating the need for complex commands.

Second, it offers non-custodial transactions. This means users can integrate Bitbot with their cold wallets, eliminating the inconvenient need to give up their private keys to trigger the bot’s powerful automated trading features. This is supported through secure storage and partnerships with brands. Technology developer Knightsafe has created a hitherto unprecedented product in the Telegram trading bot market, a truly unique and innovative approach focused on institutional-level asset security.

This bot offers a variety of advanced features that will appeal to both novice and advanced traders, from copy trading to automatic sniping.

Token economics and pre-sale roadmap

According to the project whitepaper, the Bitbot pre-sale will run until the first quarter, with the project listing on exchanges available in the second quarter (unless the pre-sale sells out early, which is likely given the current trend).

Allocation details include 30% reserved for pre-sale, 20% for the development team, 14% allocated for marketing, 3% for liquidity, 2.3% available to the community (including rewards and airdrops), and allocated to the vault. 10% included.

The 20% assigned to the development team will have a one-year vesting period, ensuring the team’s long-term commitment.

Bitbot’s impressive journey in the cryptocurrency market

Competing trading bots Unibot and Banana Gun quickly rose to prominence, with Unibot’s token price exceeding $230 within three months of launch. According to a recent CoinDesk article, investors who participated in Unibot’s presale reportedly made profits of around 200x.

Bitbot hopes to follow in their footsteps, and its impressive impressions have been aided by its rapidly growing community. X has 90,000 followers Within a week of announcing the pre-sale, Telegram had over 5,100 members. The project is now already in phase 2, the token price is $0.011 and only 9,200,000 tokens remain before the price increases by 5% in phase 3.

Bitbot hopes to attract pre-sale investors thanks to the recent approval of the Bitcoin ETF and increased trading activity in the cryptocurrency market. This has attracted significant social attention and has already been adopted by popular cryptocurrency publications such as Invezz, which has listed Bitbot among the best cryptocurrencies for 2024.

Introduction to Bitbot

Bitbot is a new Telegram trading bot that aims to put institutional-grade trading tools in the hands of retail users and allow 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 enhancing it with anti-MEV and anti-lug technologies.

To learn more and buy Bitbot (BITBOT), visit Bitbot. Website.

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