Unibot UNIBOT

Everything You Need to Know About Unibot

Telegram-based trading bots are rapidly gaining prominence these days. Unibot is one of the most significant projects in this category. In this article we will inspect Unibot more closely, describing its unique functionalities, and its driving principles. You will find out details about the bot's integration with Telegram, its features, the $UNIBOT token, and the tokenomics behind it, helping them understand why Unibot has quickly become a notable entity in the decentralized finance sphere.

What is Unibot

Unibot is a Telegram-based trading bot launched in May 2023. Its intuitive and free-to-use features have rapidly garnered a dedicated following. Both the $UNIBOT tokens and userbase have seen a robust growth rate.

Unibot offers streamlined algo-trading tools integrated directly into the popular messaging app Telegram. Users simply activate the bot in their Telegram app and control it by chat instructions. At this time 4 different bot types are available.

Telegram Trading Bots

The rise of Telegram trading bots has changed the way crypto traders operate, allowing them to execute trades as easily as sending messages on the popular app. Automated software designed for decentralized applications has enabled users to conduct on-chain trading or farming tactics directly within Telegram. Users can either link their wallets to these bots or generate new Ethereum wallets right within the interface.

How does Unibot Work?

At its core, Unibot is designed to facilitate automated trading on the Uniswap decentralized exchange (DEX). It offers unique features such as sniping, which enables instantaneous token purchases right after listing, and revenue sharing, streamlining the entire trading process. In addition, its built-in scanner alerts users to newly minted tokens on Ethereum in real time, allowing for swift additions and trades.

Unibot currently supports the following bot types:

Limit Orders - Allows users to plan and execute limit orders on decentralized exchanges directly in the Telegram app.

Mirror Sniper - Replicate the trades of other users. Mirror Sniper bot can monitor different Ethereum addresses and execute exactly the same trades automatically all inside the Telegram app.

Fail Guard Sell - Simulates your intended sales in a safe environment to prevent hasty losses. 

Private Transactions - Allows users to execute private transactions that cannot be seen by any monitoring service, such as Etherscan. Executing private transactions can serve as protection against front-running bots and sandwich attacks.

The $UNIBOT Token

The $UNIBOT token serves as the cornerstone of the Unibot project. As the native currency of the platform, it not only powers transactions but also enables holders to earn through the platform's unique revenue-sharing model.

Tokenomics

With a total fixed supply of 1,000,000 UNIBOT tokens all already in circulation, these tokens can be purchased on DEX pools. They primarily serve the revenue-sharing function, incentivizing holders with returns from transaction fees and trading volumes. Each transaction made with UNIBOT incurs a tax, ranging from 0.6% to 1%, contributing to the shared revenue pool.