Bitbot, a non-custodial Telegram trading bot, has successfully raised $300,000 within just 72 hours of its presale launch on January 17th. The platform aims to lead the market for Telegram trading bots, which have witnessed a significant $7 billion in lifetime trading volume. With Bitbot, traders can manage their cryptocurrency portfolios seamlessly within the Telegram app, eliminating the need for multiple applications.
Institution-Grade Tools for Retail Investors
Bitbot offers all the automated trading features found in exchange apps, bringing together the best of both worlds into one user-friendly interface. The platform’s Technical Product Advisor, Andrew Jacobs, expressed excitement about Bitbot’s launch and emphasized their mission to provide retail traders with powerful institution-grade tools, backed by robust security.
The Bitbot team has set a modest target of $4.3 million for their presale and expects a rapid response from investors. Prices for the presale started at $0.0100 and will end at $0.0200, potentially offering early investors up to 100% gains before the project listing. Additionally, Bitbot token holders will receive 50% of the company’s profits as a percentage of their holdings once it launches later this year.
User-Friendly Interface and Enhanced Security Measures
Bitbot aims to capture the mass market adoption of Telegram trading bots, which offer convenience and a streamlined user experience compared to traditional cryptocurrency exchanges. While Telegram trading bots have seen impressive trading volumes, there is still a significant share of the market dominated by exchanges. Bitbot plans to address this by offering an intuitive in-app interface that eliminates the need for complex commands.
Furthermore, Bitbot ensures non-custodial trading, allowing users to integrate their cold wallets and maintain control over their private keys. This approach prioritizes institutional-grade asset security and sets Bitbot apart from its competitors. The platform has partnered with secure custody technology developer Knightsafe to enhance security measures.
Bitbot offers a range of advanced features appealing to both beginner and advanced traders, including copy trading and automated sniping. The project’s whitepaper outlines a presale roadmap that runs through Q1, with plans to list on exchanges in Q2. The allocation details include reserves for the presale, development team, marketing, liquidity, community rewards, and a treasury.
Bitbot Surges in Popularity
Bitbot has already gained significant attention and support from the crypto community, with over 90,000 followers on social media platforms and over 5,100 members on its Telegram channel within a week of the presale announcement. The project is currently in Stage 2, with the token priced at $0.011 and limited availability before the price increases by 5% for Stage 3.
With the recent acceptance of the Bitcoin ETF and increased trading activity in the cryptocurrency market, Bitbot aims to attract presale investors. The platform has garnered attention from notable crypto publications, such as Invezz, who have listed Bitbot among their top cryptocurrencies for 2024.
More About Bitbot
Bitbot is a non-custodial Telegram trading bot that provides retail users with institutional-grade trading tools. With a focus on security and user control, Bitbot aims to simplify the trading experience and offers advanced features like sniping and copy trading. The platform has partnered with Knightsafe to deliver the world’s first non-custodial Telegram trading bot, ensuring asset security through anti-MEV and anti-rug technology.