UniBot, an innovative DeFi protocol in Telegram, becomes the new wave among messenger users, attracting the attention of both hardened crypto enthusiasts and beginners. From simple chat bots and channels to exchangers with artificial intelligence - no longer a novelty, but UniBot is breaking out as a leader, offering the ability to trade on DEX Uniswap directly through Telegram. This eliminates the need to enter the exchange separately, giving the chance to operate cryptocurrency directly through the messenger with UniBot for transactions at the most suitable moment.
Telegram, serving as a convenient means for communication and access to diverse information, has become fertile ground for the emergence of such innovative projects as the UniBot trading bot.
Let's take a closer look at what UniBot is:
General information about UniBot
Any Telegram bot that is created for trading, including Unibot, is a set of functions that can be adapted by users to their specific needs. This may mean implementing a certain trading strategy or mimicking the successful operations of other traders, offering a variety of uses.
Three months after launch, UniBot has stood out as one of the most rapidly evolving services. Users highlight its advantages over analogues, especially noting the convenience and high speed of operation thanks to modern algorithms.
The thoughtful infrastructure and reliability of the bot, as well as the absolute privacy of transactions, have received high user ratings. UniBot is characterized by simplicity in management and a classic interface, but at the same time, it has advanced features. It is also protected against MEV bots, which can interfere in the trading process, for example, by executing "front running" actions or creating "sandwich situations", where orders are placed before and after a user's order.
Despite the presence of a small number of UniBot analogues on the market, only time will show which project will be the leader in speed, reliability, and popularity. However, it is already evident that the success of UniBot has stimulated interest in tokens of other trading bots in Telegram.
Main features of UniBot
UniBot offers a range of functions for automating and optimizing cryptocurrency trading. It activates the purchase or sale of cryptocurrency when the price reaches a pre-set threshold, allowing users to buy at the minimum and sell at the maximum price without the need to constantly monitor the course.
With the Mirror Sniper copy-trading feature, users can automatically copy operations made by selected wallets, simplifying the use of successful trading strategies.
Thanks to Method Sniper, the bot automatically buys new tokens immediately after their release, which is especially valuable for those in search of new promising assets. UniBot also allows users to perform token swaps directly in its interface and save on gas by checking orders for gas usage efficiency and potential profit. It provides analytics on profits and losses, helping to track financial results, and protects against interference from MEV bots, which can negatively affect trading operations.
In addition to trading functions, UniBot also offers some non-trading features:
| Function | Description |
|---|---|
| Yield for UNIBOT token holders | Users can earn income from 40% of transaction fees and 2% (later 1%) of trading volume, distributed among the holders of native tokens. The current annual yield is about 37.87% according to Dune Analytics data. |
| Token tracking | Real-time monitoring of the status and dynamics of your tokens. |
| Wallet management | The ability to manage your assets directly through the bot interface. |
The UNIBOT Token
The UNIBOT token was launched on May 17, 2023, with an initial volume of 1 million tokens. A unique feature of the launch was that 100% of the liquidity was added immediately, and the token burn rate was set at 0.1% per day.
The structure for distributing income from a 5% commission fee taken from Unibot operations is organized as follows:
- 1% goes to the liquidity pool;
- From 1 to 2% is distributed among token holders;
- 2% is allocated to the team and for covering operational expenses;
- 40% of the total transaction commission is also shared among token holders under certain conditions.
The right to receive a share of the profits is granted to users who own at least 10 UNIBOT tokens. Token holders are entitled to a 20% discount on swap fees. Profits are distributed in ETH, and to receive them, one must accumulate a minimum of 0.1 ETH in their wallet.
As of August 10, 2023, UNIBOT became the largest among tokens traded through Telegram bots, with a market capitalization of over 173 million dollars. Since its release, the token has shown significant growth in value, starting at a price of about one dollar, reaching a peak of 199.30 dollars on July 28, and being valued at 180.44 dollars on August 11. This growth can confidently be called phenomenal.
The UNIBOT token is available on 12 exchanges, including Uniswap V2 (Ethereum), MEXC, Gate.io, and other trading platforms. The daily trading volume of the token exceeds 12 million dollars, testifying to its impressive market success just three months after launch.
Security Aspects of Using
The security of using trading Telegram bots, including Unibot, raises questions, especially among experienced members of the crypto community accustomed to various risks, such as hacks and scams. The Unibot system involves creating a user wallet and providing a pair of cryptographically protected keys for access to the service, however, the fact that keys are stored directly on the platform has been seriously criticized by security experts. This contradicts the fundamental cryptocurrency concept that users should have sole control over their keys.
Christian Seifert, a former head of security services at Microsoft, and Yajin Zhou, co-founder of BlockSec, have expressed concerns about the high risks associated with such bots. Seifert highlighted issues with closed source code and key storage on third-party platforms, while Zhou pointed out the danger of hacker attacks and the potential for catastrophic consequences for users in the event of a hack or data breach. Nevertheless, despite the warnings, the crypto community remains positively inclined towards the UNIBOT token, with most expecting its growth.
It's important that each user independently assesses the balance of convenience and risks associated with using such tools. For those who decide to use Unibot, it's recommended to carefully study the official documentation and educational materials provided by the developers to approach trading and managing their cryptocurrency assets as informed as possible.
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