Key takeaways
Bitcoin has been buying and selling above the $65k stage because the broader market stagnates.
Bitbot has unveiled its Mini App UI to simplify DeFi buying and selling for customers
Bitcoin stays above $65k as market stagnates
Bitcoin, the main cryptocurrency by market cap, has been underperforming during the last seven days. It has misplaced greater than 3% of its worth within the final seven days and is at the moment buying and selling above $65k per coin.
The poor efficiency comes as whales bought over $1 billion value of Bitcoins over the previous few days. Altcoins have additionally been underperforming in latest days, with the full crypto market cap now under $2.4 trillion.
What’s Bitbot?
The crypto market remains to be consolidating however new tasks proceed to roll out wonderful merchandise to their customers. Bitbot is among the new tasks that has been unveiling thrilling services.
Bitbot raised greater than $4 million from traders and is utilizing the funds to launch merchandise for merchants on Telegram. This Web3 challenge seeks to convey distinctive worth propositions to merchants within the cryptocurrency house.
It’s a self-custodial Telegram buying and selling bot that enables customers to commerce by way of their chilly wallets on the app. Bitbot customers will take pleasure in sure options out there solely to institutional traders, making it simpler for merchants to develop their buying and selling portfolios.
Bitbot unveils its Mini App UI
With its presale now over, Bitbot is specializing in launching its merchandise and itemizing its token on crypto exchanges.
Of their latest X put up, the Bitbot staff unveiled their Mini App UI as one of many options out there at launch and is crafted with user-friendliness at its core. This intuitive interface simplifies DeFi buying and selling, making it accessible for newcomers.
Bitbot added that with a clear, responsive, and easy-to-navigate design, all customers can absolutely leverage Bitbot’s capabilities with out going through a steep studying curve.
The launch of the Mini App UI comes roughly two weeks after Bitbot unveiled its staking characteristic. With the staking characteristic, customers who declare their tokens by way of the bot can stake them and earn a aggressive Anual Proportion Yield.
Bitbot can be engaged on different security measures resembling Knightsafe, an answer that might assist mitigate the standard dangers related to Telegram buying and selling. The combination of anti-MEV and anti-rug options will additional assist customers shield their property.
The staff additionally revealed a few of the funds raised within the presale are already being directed in the direction of integrating Extremely-flexible pockets administration fuelled by non-custodial API know-how.
Bitbot raised over $4m in presale
The Bitbot presale was profitable, with the staff elevating over $4 million. Along with creating its merchandise, Bitbot can be at the moment engaged on the formation of its staff, good contract improvement, group formation, advertising and marketing drive, and alpha testing.
The staff will proceed to get $BITBOT listed on crypto exchanges as soon as these steps are concluded, with high influencer partnerships, and its Telegram Bot launch to come back afterwards.
Per the whitepaper, the Bitbot improvement staff will maintain 20% of the full token provide and use it to fund ongoing improvement. A further 14% is allotted to advertising and marketing & CEX listings whereas 3% is allotted to change liquidity provision.
Why purchase the Bitbot token?
The presale is over and buying $BITBOT will solely be attainable as soon as the token launches on crypto exchanges. It’s robust to find out the itemizing worth as token costs are normally unstable as soon as they launch on crypto exchanges.
Nonetheless, Bitbot may acquire huge adoption if the staff rolls out its services. The distinctive buying and selling options Bitbot seeks to supply may make the challenge and it’s token a giant winner on this present bullish cycle.
