Original author: Daniel Li, CoinVoice
Recently, Telegram Bot has caused a high-profile craze in the encryption industry. Based on the integration of artificial intelligence and social interaction, Telegram Bot brings an innovative development path to the encryption industry. Bot projects such as Unibot and Banana Gun are attracting more and more attention with their amazing growth rates and new smart trading models. At present, Telegram Bot has widely covered multiple fields such as transactions, airdrops, communities, and cross-chains, enriching the application scenarios of the encryption industry. However, with the emergence of more and more transaction Bots, the security of Telegram Bot has also been questioned. This article will delve into the development status of the Telegram Bot track and the opportunities and risks it faces, in order to better understand the future development prospects of Telegram Bot in the encryption industry.
Telegram Bot track: Unibot leads the trading bot boom
With the booming development of the encryption industry, Telegram Bot is increasingly attracting attention in the encryption community as an intelligent trading tool. As early as 2017, Telegram Bot already had the ability to automatically reply to messages and execute user commands. With the rise of the encryption industry, Telegram has become the most commonly used instant messaging tool among encryption enthusiasts. In this context, Telegram-based trading Bots began to gradually emerge, realizing automatic operations such as token exchange, follow-up trading, data analysis, automatic airdrop trading, and asset cross-chain.
Among the many Telegram Bots, Unibot can be called the most successful one. From the launch of issuance in May to mid-August, the price of Unibot token UNIBOT has been rising, showing an amazing growth trend. According to data from Coingerk, the price of UNIBOT has climbed from a low of $2.46 to a high of $236.98, an increase of more than 95 times, and has now fallen back to $52.21. The success of Unibot triggered FOMO sentiment in the market and led to varying degrees of surge in token prices in Telegram Bot-related sectors. Despite the current decline in market sentiment, the total market value of the Telegram Bot sector has reached a record high of $147 million, with 24-hour trading volume exceeding $22 million.
Unibot’s founder, Ayden, previously worked at Apple and partnered with a machine learning startup to build this powerful smart trading bot. Unibot claims to be the fastest Telegram Uniswap data monitoring tool, enabling lightning-fast data exchange and tracking, and is available to all users for a 1% transaction fee. Through Unibot, users can easily buy and sell tokens, copy transactions from other wallets, obtain information on newly deployed tokens in real time, and monitor multiple token addresses. In addition, users who hold UNIBOT tokens can enjoy benefits such as reduced fees, premium node reservations, MEV protection, and private transactions.
As the largest instant messaging software in the cryptocurrency industry, Telegram currently has more than 800 million active users. Although some of these users are already involved in the crypto industry, there are still a significant number of users who have not yet entered this field. Based on the cultural atmosphere of Telegram, this group of users is more likely to be attracted to the encryption industry than users of other social platforms. In the past, these users have not been involved in the encryption industry due to the cognitive threshold and complicated operating procedures. But with the emergence of Telegram Bot, they have an easier way to participate in the crypto industry. Bots simplify the process of buying and selling cryptocurrencies, allowing users to do so directly on their mobile phones, which is great news for the entire crypto industry.
As the leader among many Telegram Bots, Unibot is leading the craze of the Telegram Bot trading track with its advanced algorithms and powerful infrastructure. Its success also reflects the strong market demand for convenient, secure and intelligent trading bots. In the future, we can foresee that Telegram Bot will further consolidate its position in the encryption industry and bring convenient and intelligent transaction services to more users.
Telegram Bot: the bridge between Web2 and Web3
As we all know, the goal of Web3 is to build a distributed Internet dominated by users. However, the current increase in the user scale of Web3 has been facing many bottlenecks. In the Web2 era, social software such as Facebook has 3 billion users, and WeChat and TikTok have more than 1 billion monthly active users each. However, as of today, the number of users participating in Web3 is less than 320 million, which means that Web3 still has a long way to go before it can truly cover 1 billion users.
In order to encourage more Web2 users to participate in and use Web3, it is crucial to lower their entry barriers. As the worlds largest encrypted social software, Telegram has more than 800 million users and its community atmosphere is very active. Therefore, Telegram has long been considered the most promising platform to solve this problem. With the rise of Telegram Bots that combine artificial intelligence and social attributes, the way to solve this problem is actively changing.
Telegram Bot, as an artificial intelligence application related to DeFi transactions, is different from traditional Web3 applications. It completes various complex operations through simple text conversations, such as creating wallets, storing private keys, and conducting transactions, thus greatly reducing the cost of User’s learning threshold. In addition, with the advancement of technology and the popularity of algorithmic trading, the Bot track will gain more opportunities for innovation and development. The application of machine learning and artificial intelligence technology will make trading bots more intelligent and automated, providing more accurate trading recommendations and execution strategies. For example, through big data analysis and machine learning algorithms, trading bots can more accurately predict market trends and price fluctuations, helping users make more informed investment decisions.
In addition to basic asset management and trading functions, Telegram Bot can also provide various value-added services. For example, it can set up price monitoring and intelligent order placement for different currencies, provide market analysis and strategy push, and can customize exclusive light applications to achieve one-stop management of positions. Compared with traditional websites, these functions are more portable and efficient. At the same time, Telegram Bot can also combine social functions to form active community group chats, solve various problems encountered by users during learning and use, and provide a better user experience.
At the same time, the decentralized characteristics of Telegram Bot also bring opportunities for the future development of Web3. Currently, mainstream Web3 applications are concentrated on the PC side, with a relatively stiff experience and insufficient support for mobile terminals. The mobile-friendly Telegram Bot can provide a mobile entrance for Web3 applications and accelerate their extension to the mobile terminal. At the same time, developers can quickly build various decentralized applications through robots based on the Telegram platform, enriching the Web3 ecosystem.
In addition, through the perfect combination of social networking and artificial intelligence, Telegram Bot can also enable users to conduct social activities and obtain market information while completing various trading operations by issuing instructions to the trading Bot. At the same time, they can also use the powerful data analysis and artificial intelligence of the Bot. Intelligent technology optimizes trading strategies and improves investment returns. In the future, as the crypto market continues to mature and users become more interested in digital assets, this kind of trading bot that integrates social interaction, convenience, and intelligent interaction will inevitably attract more and more users to join this field. Telegram Bot is also expected to become the mainstream user entrance in the Web3 ecosystem and promote the development of the entire industry.
Inventory of popular projects on the Telegram Bot track
With the rapid development of the encryption market, the Telegram Bot track has become a hot area that attracts much attention. In this field, many projects utilize Telegram bots to provide users with various features and services. These projects are easy to use and tightly integrated with the Telegram social platform, providing users with convenient cryptocurrency trading, tracking and analysis tools. Here are some of the popular Telegram Bot projects currently:
Unibot：Unibot is the leading project in the Telegram Bot track, which serves as a bridge between Telegram and cryptocurrency exchanges. With Unibot, users can conduct transactions directly on Telegram without leaving the chat interface. In addition, Unibot also provides functions such as copying, private OTC trading and new currency tracking to facilitate users investment and trading. Currently, the Unibot token UNIBOT price is $57.2.
Banana Gun：Banana Gun is currently second only to Unibot in popularity and is also one of the most popular Telegram trading robots on the market. Banana Gun provides two services: trading and sniping. Trading allows you to securely purchase tokens that have been issued on Ethereum. Sniping allows you to complete purchases of upcoming coins before anyone else does. Banana Gun currently only supports Ethereum, but plans to support more chains in the future. Currently, the Banana Gun token BANANA price is $8.957.
Neobot：Neobot is a trading analysis robot combined with artificial intelligence. It provides users with analysis and tracking services for early projects by scanning indicators such as project token liquidity, market sentiment, and buying and selling ratios. At the same time, Neobot can also monitor malicious authorization and large purchase and sale order addresses on the chain, helping users make more informed investment decisions. Currently, the Neobot token NEOBOT price is $0.0488.
Wagie Bot：Wagie is a trading robot that supports tracking, trading and copying on mainstream chains. It is compatible with a variety of EVM chains, such as ETH, ARB, OP, BSC, etc., and provides functions such as whale wallet tracking, copying whale wallet transactions, and various trading orders (stop profit, stop loss, price limit) to help users better Participate in the crypto market. Currently, the Wagie Bot token WAGIEBOT price is $0.1588.
LootBot：LootBot is a bot designed specifically for users participating in airdrops. It supports the tracking and management of mainstream airdrop projects, automatically records participation history wallets and rewards obtained, and can also monitor malicious participation and automatically create isolated wallets, providing a safer and more convenient airdrop participation experience. Currently, the price of the LootBot token LOOT is $0.26.
Genie：Genie is a Telegram chatbot based on artificial intelligence, which mainly provides automated customer service QA services to project parties. It uses NLP technology and automated answering of community questions to help project parties solve common problems, expand the knowledge base, and improve user experience. Currently, the Genie token GENIE price is $0.005.
Opportunities and risks facing the Telegram Bot track
The emergence of Unibot triggered a Telegram Bot craze. Although this craze has subsided recently, as an emerging track, Telegram Bot has attracted widespread attention from many institutions and investors. Currently, Telegram Bot is in a stage of rapid development, which contains both huge opportunities and significant risks.
Development opportunities for Telegram Bot:
Simplified transaction process: Telegram Bot track provides users with a more simplified operation process. By talking to the Bot, users can complete operations such as wallet creation, recharge, withdrawal, and transactions. Compared with traditional trading methods, the Bot track allows users to participate in the management and trading of crypto assets more conveniently, lowers the entry threshold, and attracts more users to join.
Providing a full range of services: Telegram Bot is not limited to basic asset management and trading functions, but can also provide a wealth of value-added services. For example, Bot can provide technical indicator analysis, market forecasts, price reminders and other functions to help users make more informed investment decisions. This comprehensive service can meet users needs for information and tools, and improve user experience and engagement.
Strong community and ecosystem: Telegram is a huge social platform with numerous user groups and active communities. In the Telegram Bot track, users can join different trading Bot communities to share and exchange experiences and obtain the latest market trends. The existence of this community and ecosystem promotes interaction and cooperation among users, providing strong support for the development of the Bot track.
Telegram Bot potential risks:
Security Risk: Since Telegram Bot involves users’ asset management and transactions, security risk becomes an important consideration. Users need to protect key information such as their private keys and mnemonic phrases to avoid asset losses caused by hacker attacks. In addition, the bot itself needs to have a high level of security to prevent malicious attacks and data leakage.
Legal regulatory risks: With the development of the encryption market, legal supervision of cryptocurrency transactions in various countries is gradually strengthening. The Telegram Bot track needs to face regulatory restrictions and compliance requirements in different countries and regions. Compliance challenges include KYC (Know Your Customer) and AML (Anti-Money Laundering) requirements, as well as compliance requirements for exchanges and decentralized trading platform interfaces.
Fierce Competition: As the Telegram Bot track grows, so does competition. More and more developers and teams are joining the Bot track and launching various trading Bots. In this highly competitive environment, how to maintain innovation and provide excellent user experience has become a key challenge.
By simplifying the transaction process, intelligent human-computer interaction and relying on a strong community and ecosystem, the Bot track has attracted more and more users to participate and promoted its future development. However, the Bot track also faces challenges such as security risks, legal regulatory risks and fierce competition. In order to deal with these risks, Bot developers need to focus on the security of user assets, comply with compliance requirements, and continuously innovate to improve user experience.
At the same time, the improvement of industry supervision and regulations also has an important impact on the development of the Bot track. Overall, the Telegram Bot track shows great potential in the gradually maturing encryption market, but its success still depends on how to deal with risks, create value, and maintain a close match with user needs. To achieve sustainable development, Bot developers need to remain vigilant and proactively respond to changing market conditions.
