Telephone Trading Bots
So, Telegram! The coolest kid on the messaging app block. It’s not just your average chat app – it’s got some extra swag. Sure, you can send texts, pics, and videos (all the usual stuff), but it’s also more private and more secure… but, let’s talk crypto.
Telegram and the crypto community are like peanut butter and jelly – they just go together. It’s the go-to platform for crypto enthusiasts, ICOs, and projects to connect and share info. Telegram groups and channels are like the bustling town square where crypto lovers gather to discuss the latest trends, share tips, and sometimes just meme it up.
One big reason is Telegram allows for large groups, making it perfect for coordinating crypto communities. ICOs often use Telegram to drop news, updates, and answer questions directly from the horse’s mouth. Plus, the end-to-end encryption adds an extra layer of secrecy, which is like catnip for the privacy-loving crypto crowd.
Now, picture this: Telegram, the messaging maven, evolving into something even cooler – Telegram trading bots. Yeah, it’s not just for sharing memes and crypto gossip anymore. Telegram has become the easy-to-use interface for crypto trading on DeFi platforms.
So, here’s how it all works…
Telegram trading bots are like your personal financial gurus, but they’re not human – they’re algorithms working behind the scenes. They’re designed to analyse market trends, execute trades, and basically be your crypto wingman 24/7. You can find these bots in dedicated Telegram channels or groups that are all about the trading game.
Imagine getting real-time market insights, price alerts, and trade signals neatly delivered to your Telegram chat. It’s like having a financial advisor in your pocket, minus the hefty fees. Crypto enthusiasts are diving headfirst into these Telegram bot communities, swapping strategies, discussing the latest market moves, and fine-tuning their bot settings for maximum gains.
Unibot enables you to trade crypto tokens on Uniswap v3 directly from Telegram. Unibot uses a unique liquidity provision model called Leveraged Liquidity Provision (LLP). Unlike the traditional method where LPs need to provide both tokens in a pair, Unibot allows LPs to provide only one token and borrow the other from the pool. This creates a hedging effect for LPs, as they can short the borrowed token to mitigate potential losses.
Users can simply input the tokens they want to trade and the amount they want to spend, and Unibot will execute the trade on their behalf. It uses optimised algorithms to execute trades quickly, minimizing the risk of slippage.
Additionally, Unibot offers features like gas fee estimation and smart order routing to help users get the best possible deal. Unibot has a built-in token scanner that monitors new ERC-20 tokens deployed on the Ethereum network. This allows users to stay ahead of the curve and potentially get in on new investment opportunities early.
Overall, Unibot is a powerful tool that makes DeFi trading more accessible and efficient. Its unique features and Telegram integration have made it popular among both experienced and novice traders. So much so, that it recently hit record use figures on Solana.
As the crypto space continues to evolve, Telegram and platforms like UNIBOT showcase the community’s commitment to innovation and efficiency. Whether you’re engaging in lively discussions, exploring ICO opportunities, or utilising trading bots for DeFi endeavours, Telegram remains at the forefront, shaping the way crypto enthusiasts connect, collaborate, and trade.
In the changing landscape of cryptocurrency, the synergy between Telegram and trading bots exemplifies the community’s adaptability and quest for seamless, secure, and efficient solutions.
This will lead to further improvements on the platform or pave the way for a different disrupter.
Written by Danny Placinta
📅 This Week in Crypto 📅
A research report from Crypto.com estimates the number of worldwide cryptocurrency users surged to 580 million people in 2023, increasing by 34% on previous year. Ether ownership had risen from 89 million users to 124 million, while Bitcoin ownership had increased from 222 million to 296 million people by the year’s close.
Approval of ETFs based on actual Bitcoin in the U.S. could potentially lead to an influx of funds from Wall Street institutions, possibly pushing the price of Bitcoin to new heights. The first Bitcoin ETF in Europe, the Jacobi FT Wilshire Bitcoin ETF, was launched in August 2023 on the Euronext Amsterdam exchange under the ticker BCOIN. There are some obstacles to developing cryptocurrency ETFs, primarily the Undertakings for Collective Investment in Transferable Securities Directive 2009 or UCITS. Crypto, like gold and other commodities, is not included in the European Commission’s Eligible Asset Directive for UCITS funds.
The cryptocurrency company behind the crashed TerraUSD and Luna tokens have filed for bankruptcy in the US. Terraform Labs‘ tokens collapsed in May, losing $40bn of their value and contributing to the so-called “crypto crash” of 2022. Co-founder Do Kwon is currently in jail in Montenegro after having been found guilty of forging documents. He has been charged with defrauding investors by US regulators and is awaiting extradition. He also faces fraud charges in South Korea, his native country, so he could be extradited there. A third legal case is ongoing in Singapore, where the company is registered.