Protocol Highlights Recap Week #3

🚀 Welcome to our weekly DeFi Protocol Spotlight 🚀

This week, we covered 2 of the hottest Telegram Trading Bots:
Unibot and Banana Gun Bot.

Both of the protocols have their own tokens, and they can both generate income for their users.

Let’s learn about them.

Still trading manually?

Let the bot help you do better. 

Protocol Highlight #1 

Unibot 

Type: Telegram Bot Services
Token: $UNIBOT

If you uses telegram and are into crypto, you would want to check out this app.

WHAT IS UNIBOT? 

Unibot aimed to be the Fastest Telegram Uniswap Sniper.

It allows users to complete several actions on blockchains with 1 click on Telegram.

In my opinion, Unibot have the potential to onboard unlimited new users to the crypto space, especially with their user friendly interface

WHAT UNIBOT OFFERS 

First of all, Unibot generates wallets for users just like how other how wallet do.

Users can also export the private keys and import them to other platform/wallet managers if wanted.

The functions that Unibot offers include:
- Buy/Sell token 
- Buy/Sell Limit token 
- Copy Trade 
- Method Sniper 

Buy Token & Sell Token 

A very basic function, but is also the most important function when it comes to crypto.

With just 1 click, Unibot can buy/sell the specific amount of tokens that users demanded.

What is even better is that they are 6x faster than manually swapping using DEX like Uniswap (Biggest decentralized exchange).

Buy Limit & Sell Limit 

This is a HUGE function.

Users can now choose the price target that they want for their buy/sell for any token.

For example:
- I can set that I want to buy $100 worth of $PRIME when the price is at $3.
- Unibot will place the order and swap when the price reach $3

Copy Trade 

If you know traders that are always making money, why not just copy them?

With the Copy Trade feature, all users have to do is to enter the wallet addresses they want to follow, and they can place the same order as the traders.

For example:
- pingyu.eth is a good trader, and I want to follow all of his trades
- I can tell Unibot that I will copy trade pingyu.eth, with maximum of 0.1 eth.
- So Unibot will now make mirror all the trades that pingyu.eth is doing for me, with maximum of 0.1 eth per trade.

Method Sniper 

This function is used to snipe, meaning buy FAST, the new tokens that are launching.

WHAT DOES $UNIBOT DO? 

$UNIBOT is their official token, and interestingly, their max supply, total supply, and circulating supply are all capped and are at 1 million.

This is what the holders of $UNIBOT will gain:
- 40% of transaction fees
- 2% of total $UNIBOT traded volume

* Need to hold at least 10 $UNIBOT to be eligible.

ALPHA & STRATEGY 

I would recommend using UNIBOT for trading if you fall into one of the following categories:
- Trader who doesn't prefer centralized exchanges.
- New into the world of cryptocurrency.

Even for those who don't plan to use the app, I still recommend looking into the token for the following reasons:
- The token supply is fixed and not inflationary.
- There is a penalty for selling more than 200 $UNINOT in every 2-hour period, good for small accounts.
- If Unibot successfully onboard the next wave of new crypto users, the holders of $UNIBOT will be the real winners.

Ever wonder how people are able to buy and sell the newest launched coin in seconds? 

The answer is here 

Protocol Highlight #2

Banana Gun Bot

Type: Telegram Bot Services
Blockchain: Ethereum
Token: $Banana, coming next week

The top 3 telegram trading bot now are MaestroBots, Unibot, and BananaGunBot.

In a week, their token will be live, so let's understand more about the app before it is too late!

WHAT IS BANANA GUN BOT 

Banana gun bot is a telegram trading bot that make sniping upcoming coins and buy/sell existing coins easily.

They focus on "sniping" new tokens, which means that being able to buy the newest token as soon as they come out.

This is what set them different from other telegram bots.

WHAT DO THEY OFFER 

Banana Gun Bot currently offers 2 main functions:
- Sniper Bot
- Sell Bot

Sniper Bot 

Using the sniper bot, users will be able to snipe tokens that have not launched yet on ETH network.

In other words, users will buy the newest token at the LOWEST price and being the FASTEST.

All users have to do is:
- Enter the token address that they want to buy
- Set the max amount they are willing to spend
- Select the wallets they want to participate in the sniping.

Sell Bot 

Once users have tokens in the wallets, Banana Gun Bot also offer users a quick and easy way to sell their token.

All users have to do is to
- Select the token they want to sell
- Select the amount they want to sell
... done!

WHAT DOES $BANANA DO 

Similar to other bots or defi protocols, holders of $BANANA will receive fees generated by the platform.

Holders will gain:
- 32% of bot volume revenue
- 50% of tax revenue

The presale of $BANANA is happening and already sold out.

It contains 20% of the total supply, and will be very interesting to see the price action once the token is live next week.

ALPHA & STRATEGY 

Since the presale is done already, what I will be doing now is to experience the protocol myself and decide if I would like to invest into $BANANA when it is live.

For now, I think that most of the users that are using the bots to "snipe" tokens are memecoin traders.

Although I personally do not touch memecoins, but it is undeniably that memecoins do generate a lot of volume in a short period of time, and brings even more revenue to the team.

Keep an eye on the team and the price action when the token is live!

The 2 bots are really a new way to bring people into the world of blockchain and cryptocurrency.

Even if you are not planning to invest in them, it is always good to learn about new things!

Thank you for reading this week’s protocols recap!
See you next sunday.
Pingyu