Several Telegram bots have recently emerged to assist individuals in doing a certain activity completely autonomously. When it comes to making it easier for consumers to trade, Unibot is perhaps the first name that comes to mind. In recent times, the introduction of the project has produced a short-term trend in the crypto market. Coincu will provide a tutorial on utilizing Unibot on Telegram in this post.
What is Unibot?
Unibot has emerged as a pioneering Telegram tool engineered to streamline cryptocurrency trading in a groundbreaking development. This innovative bot empowers users with automated functionalities to execute DeFi operations seamlessly, encompassing tasks such as swapping, bridging, lending, and borrowing. Designed to enhance accessibility and convenience, the project revolutionizes the way cryptocurrency enthusiasts engage with the market.
Unibot’s core functionality centers around its integration with Telegram, a widely used messaging platform. By issuing simple commands within the Telegram interface, users can effortlessly initiate complex DeFi maneuvers.
These range from swift token swaps to more intricate strategies, all made possible by the bot’s automated capabilities. To unlock this functionality, users need to authorize their accounts and connect their wallets with Unibot.
Highlights
Easy to use for everyone
Unlike conventional decentralized exchanges, the project introduces a user-friendly approach to cryptocurrency trading. Dispelling the complexities associated with traditional platforms, Unibot’s intuitive interface empowers both novice and seasoned traders alike.
It eliminates the need for users to navigate project websites, establish wallet connections, configure parameters, authorize transactions, and await completion. Instead, users can now initiate orders with ease as Unibot dynamically deploys the required parameters on their behalf.
Compatible with DEX platforms
A notable highlight of Unibot is its compatibility with Uniswap platform versions 2 and 3. This strategic integration enables users to harness the benefits of liquidity by automating token purchases at opportune moments.
Furthermore, the project facilitates the implementation of advanced trading strategies, allowing users to optimize their engagement with the dynamic cryptocurrency market.
Maximize profit
Unibot’s impact has been profound since its May launch on the Telegram platform. In a span of just one week, the app’s native token (UNIBOT) surged by an astonishing 500%, underscoring its rapid rise in popularity.
According to data from Dune Analytics, Unibot users collectively executed trades exceeding $165 million in token value through the app, further solidifying its pivotal role in the cryptocurrency trading landscape.
Unibot provides one of the advantages of redistributing a share of money to users in accordance with the number of tokens they possess. UNIBOT token holders earn 40% of transaction fees and 1% of UNIBOT’s total trading volume.
According to users, the biggest benefit of the Unibot Telegram App is its simplicity of use when compared to a decentralized exchange like Uniswap. Users may transact directly through Telegram with easy instructions, eliminating the need to log in to the wallet on a regular basis, validate all token information, and deal with exorbitant transaction fees.
Features
- Limit Orders: Place limit orders
- Mirror Sniper: Copy Trading
- Fail Guard Sell: Protect sell orders
- Private Transaction: Protect Transactions from Front Running Bot
How to use Unitbot
UniBot Introduces User-Friendly Liquidity Provision with Advanced Risk Management Features
Navigating the ecosystem is simplified by its intuitive interface, which guides users through each step of the liquidity provision process. To aid traders in making the most of this powerful tool, here is a comprehensive step-by-step guide to getting started:
Settings
Access https://t.me/unibotsniper_bot.
Launch the bot with the command /Starts, and it will create three separate wallet addresses for you.
People must use the following syntax to get the wallet’s private key:
/Menu->Settings->Private Keys
People may also put their external wallet address in the following syntax (which is not recommended for security reasons):
/Menu->Settings-> Import Wallet
Deposit
Begin by visiting the Factory, where you can initiate the process by depositing USDC into the Factory contract. This initial deposit will serve as the foundation for your liquidity provision activities.
Customize elements to trade
UniBot empowers users to tailor their trading positions according to their preferences and risk appetite. This involves defining several key parameters that shape your trading strategy. These parameters include the Range, Leverage Ratio, Stop Loss, and Amount. These customizable settings ensure that your trading approach aligns with your individual goals and market outlook.
Create trading
Once you’ve fine-tuned your position’s parameters, the final step is to click the “Create” button. This action signifies the establishment of your liquidity provision position within the platform. The automation offered by the project ensures that your specified parameters are executed seamlessly, eliminating the need for manual intervention.
It’s essential to factor in both your risk tolerance and market perspective while configuring your position. UniBot’s dynamic leverage and hedging mechanisms allow you to take control of your risk exposure, thus empowering you to make informed trading decisions.
As an example, the Leverage Ratio holds particular significance in shaping your stance. A higher Leverage Ratio suggests a bearish outlook, where you anticipate a decline in asset value. Conversely, a lower ratio reflects a bullish sentiment, implying your expectation of asset value appreciation.
UNIBOT token
The project’s native token is UNIBOT. The token is significant on the network since it facilitates transactions and provides incentives to users.
With just 1,000,000 tokens in circulation, the overall quantity of tokens is restricted. This restricted supply contributes to robust demand for cryptocurrencies as users want to acquire and keep tokens in order to maximize their earnings on the platform.
It has also proved to be a sound investment in and of itself. The significant increase in value demonstrates Unibot’s success and popularity.
Security
UniBot places a strong emphasis on security and has recently undergone a comprehensive security audit by Quantstamp, a leading blockchain security company.
The identified vulnerabilities serve as a reminder of the dynamic and evolving nature of the cryptocurrency space, where security must remain at the forefront of technological advancements.
In light of these findings, it’s essential for users to exercise caution while interacting with the application. While the platform’s innovative features and user-friendly interface present an exciting opportunity for cryptocurrency traders, understanding the potential risks is vital.
Users are advised to conduct thorough due diligence, stay informed about the security enhancements being implemented, and proceed with vigilance.
Conclusion
In a nutshell, Unibot has proved to be a helpful and simple tool for cryptocurrency traders, giving an accessible trading platform from inside the Telegram chat service.
The quick development and success of the project demonstrate the possibilities of trading bots and cryptocurrencies. But, keep in mind that the future is unpredictable, and the crypto world is always growing. One thing is certain: technologies like Unibot will continue to play a significant part in how we trade and engage with cryptocurrencies.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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