Key things to remember
Bitcoin, the leading cryptocurrency by market capitalization, has been a subconsistent performer over the past seven days. It has lost more than 3% of its value in the last seven days and is trading at over $65,000 per coin lately.
The poor functionality comes as whales have sold more than $1 billion worth of Bitcoin in recent days. Altcoins have also underperformed in recent days, with an overall crypto market cap now below $2. 4 trillion.
The crypto market continues to consolidate, but new projects continue to offer wonderful products to their users. Bitbot is one of the new projects that has introduced some interesting products and services.
Bitbot has raised over $4 million from investors and is the budget for launching products targeting investors on Telegram. This Web3 task seeks to offer exclusive price propositions to investors in the crypto space.
It is a self-custodial Telegram trading bot that allows users to trade through their white wallets on the app. Bitbot users will gain advantages from some features that are only available to institutional investors, making it less difficult for industrialists to grow their trading portfolios.
After the presale is over, Bitbot aims to launch its token and directory on crypto exchanges.
In their recent X-ray article, the Bitbot team presented their mini-user interface as one of the features available at launch and it is designed with usability in mind. This intuitive interface simplifies DeFi trading and makes it available to newcomers.
Bitbot added that with a clear, responsive, and easy-to-navigate design, all users can fully exploit Bitbot’s features in the face of a steep learning curve.
The launch of the mini-app’s UI comes about two weeks after Bitbot introduced its staking feature. With the staking feature, users who claim their tokens through the bot can stake them and earn a competitive annual cashback percentage.
Bitbot also runs on other security features such as Knightsafe, a solution that would help mitigate the typical dangers related to Telegram trading. The integration of anti-VPM and anti-roughness solutions will help users protect their assets.
The team also revealed that part of the budget raised in the presale was already earmarked for the integration of ultra-flexible portfolio control powered by non-custodial API technology.
The Bitbot presale was a success, and the team raised over $4 million. In addition to developing its products, Bitbot is also lately working on educating its team, crafting smart contracts, building a community, marketing campaigns, and alpha testing.
It will continue with the $BITBOT directory on crypto exchanges once those steps are completed, with associations of leading influencers, and the launch of Telegram Bot will follow.
According to the whitepaper, Bitbot’s progression team will hold 20% of the total token source and use it to fund the ongoing progression. Another 14% will be allocated to marketing and listing CEX, while 3% will be allocated to offering liquidity in the stock market.
The presale has ended, and the acquisition of $BITBOT will only be possible once the token is introduced to crypto exchanges. It is tricky to determine the value of the directory because token values are often volatile once they are entered into crypto exchanges.
However, it’s possible that Bitbot will experience mass adoption if the team launches its products and services. The exclusive trading features that Bitbot will offer can make the task and its token a big winner in this existing bull cycle.
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