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Unibot

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This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Unibot?

Unibot (UNIBOT) is a cryptocurrency trading bot that operates within the Telegram app, allowing users to trade cryptocurrencies directly from the platform. It is a Leveraged Liquidity Provision (LLP) platform designed for Uniswap V3, which enhances liquidity management by allowing users to supply only one asset while borrowing the other from the Unibot Pool. The native token, UNIBOT, powers the ecosystem and offers benefits to its holders, including revenue sharing and a loyalty program.

How is Unibot used?

The crypto Unibot (UNIBOT) is a Telegram-based trading bot that allows users to trade cryptocurrencies directly within the Telegram messaging app. Here's how it works:

  1. Setup: Users need to have a Telegram account and search for the Unibot bot. Once found, they start a conversation with the bot by clicking the "Start" button. The bot then generates three new wallets for the user, which need to be funded to enable trading.

  2. Trading: Users can buy, sell, and swap Ethereum-based tokens using Unibot. They input the contract pairs they wish to trade and the amount of ETH they intend to spend. Unibot executes the trade on their behalf using token pool contracts.

  3. Features: Unibot offers various features to enhance trading efficiency, including:

  • Mirror Sniper: Users can copy trades from successful traders by listing their wallets and mirroring their transactions.
  • Smart Method Sniper: The Unibot token scanner monitors new ERC-20 tokens deployed on the Ethereum network, allowing users to purchase them immediately.
  • Profit and Loss Analysis: Users can track the performance of their holdings and manage their profit and loss, including gas fees.
  1. Security: While Unibot provides speed and convenience, it raises security concerns as users need to store private keys on the platform, which can be vulnerable to data breaches or attacks.

Overall, Unibot simplifies the trading process and offers advanced tools for traders, but users must be cautious about security risks.

How do I store Unibot?

To store Unibot (UNIBOT) tokens, you can use the Unibot Wallet, which is available as a browser extension. This wallet allows you to effortlessly store, send, and receive Unibot tokens while accessing Unibot's native trading features. Additionally, you can import and export your wallet to and from MetaMask, ensuring flexibility in managing your tokens.

How to buy Unibot?

To buy Unibot (UNIBOT) tokens, follow these steps:

  1. Create an Account:

    • Choose a reliable and trustworthy cryptocurrency exchange that supports Unibot (UNIBOT) purchases. Examples include BitMart, Gate.io, and MXC.
    • Create an account by providing necessary information, including your email address and a secure password. Complete any identity verification steps required by the exchange.
  2. Choose a Funding Method:

    • Select a suitable payment method, such as credit/debit cards, bank deposits, P2P trading, or third-party payment channels. Each exchange offers multiple options for your convenience.
  3. Buy Unibot (UNIBOT):

  • Navigate to the Buy & Sell section of your chosen exchange. Click on the "Buy" option and select Unibot (UNIBOT) as the cryptocurrency you want to purchase.
  1. Transfer to Your Wallet:
    • Once you've purchased your Unibot (UNIBOT) tokens, you can either hold them in your exchange account or transfer them to a personal cryptocurrency wallet, such as MetaMask, for additional security and passive revenue opportunities.

Additionally, you can also use a crypto wallet to buy Unibot (UNIBOT) directly. This method involves selecting a reputable wallet that supports Unibot (UNIBOT), downloading the app, creating a wallet address, and purchasing the cryptocurrency using a supported payment method.

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History of Unibot

Unibot (UNIBOT) is a cryptocurrency trading bot that was launched on the Ethereum mainnet on May 17, 2023. It was created by Diamond Protocol and is designed to facilitate fast and efficient trading on decentralized exchanges (DEXs), particularly Uniswap V2 and V3. The bot allows users to trade cryptocurrencies directly within the Telegram mobile app, leveraging advanced algorithms and robust infrastructure to provide features such as limit orders, sniping, and private transactions.

The UNIBOT token has a total supply of 1 million and a daily burn rate of 0.1%. Token holders with at least 10 UNIBOT tokens can participate in a revenue-sharing program, which includes loyalty rewards and reduced trading fees. This incentivizes users to hold and use the token, contributing to its overall utility and value.

In its early days, Unibot gained significant popularity and market share, becoming a leading Telegram bot for trading on DEXs. Its price surged by 400% in July 2023, reaching an all-time high of $199.90. Although the price later retraced, the project's fundamentals, including its diversified token ownership and strong on-chain analytics, suggest that it has a solid foundation for continued growth.

Despite some security concerns related to the use of Telegram bots and the potential risks of transferring tokens to third-party wallets, Unibot remains a popular and innovative tool in the decentralized finance (DeFi) space.

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How Unibot works

Unibot is a Telegram trading bot that enables users to buy and sell cryptocurrency tokens directly from the Telegram messaging app. It is a Leveraged Liquidity Provision (LLP) platform developed for Uniswap v3 by Diamond Protocol, a DeFi protocol focused on modeling on-chain structured products.

Key Features
  1. Integration with Telegram: Unibot provides a user-friendly interface for traders, making it convenient to execute trades and access other features within the Telegram app.

  2. Liquidity Provision: Unibot uses a unique liquidity provision model where liquidity providers (LPs) can supply one token and borrow the volatile token from the pool. This approach gives LPs a hedging effect and allows them to short the borrowed token, creating diverse profit possibilities under varying market conditions.

  3. Trading: Users can buy, sell, and swap Ethereum-based tokens by inputting contract pairs and specifying the amount of ETH they intend to spend. Unibot executes trades on their behalf using token pool contracts.

  1. Mirror Sniper: Users can list other wallets from successful traders they want to copy trade from. Unibot will monitor their activity and mirror their transactions using predetermined criteria.

  2. Smart Method Sniper: The Unibot token scanner monitors new ERC-20 tokens deployed on the Ethereum network, providing real-time data on recently launched tokens. It places them in a queue for immediate purchase as soon as the contract owners make them accessible for buying.

  3. Use of Multiple Wallets: Users can choose from three different wallets when conducting trades, allowing them to strategize effectively when making token purchases.

  1. Profit and Loss Analysis: Unibot allows users to monitor and track the performance of their holdings and manage their profit and loss, including gas fees in the total profit and loss calculation.
UNIBOT Token

The native token of Unibot is UNIBOT, which has a maximum supply of 1 million tokens with a daily burn rate of 0.1%. Token holders with 10 or more UNIBOT tokens can participate in a revenue-sharing program, receiving 40% of transaction fees and 1% of total UNIBOT trading volume. Additionally, they enjoy a 20% reduction on fees for swapping tokens on Unibot.

How to Use Unibot
  1. Load the bot: Search for Unibot on Telegram and start a conversation with it.

  2. Start the bot: Click the 'Start' button to activate the bot and create three new wallets.

  3. Fund the wallets: Fund the created wallets if you want the bot to execute trades for you.

  1. Buy tokens: Use the 'Buy Tokens' command to set order parameters, select a wallet, and enter the contract address.

  2. Use the Mirror Sniper: Select a wallet, input Ethereum addresses to mirror, and set order parameters to copy trades automatically.

Unibot offers a convenient and efficient way for traders to execute trades directly from Telegram, leveraging its unique liquidity provision model and various features to enhance trading experiences.

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Unibot's strengths

The token Unibot (UNIBOT) has several strengths that contribute to its value and appeal:

  1. Revenue Sharing: Holders of 10 or more UNIBOT tokens are entitled to receive revenue from bot transactions and trading volume, incentivizing them with loyalty rewards and benefits.

  2. Loyalty Programme: Holders of UNIBOT tokens can enjoy reduced fees based on their token holdings and trading volumes, with a tiered structure offering fee reductions between 10% and 50%.

  3. Yield Farming: UNIBOT token holders can earn yield farming rewards, which can increase their returns on investment.

  1. Governance Rights: Token holders have governance rights, allowing them to participate in decision-making processes that shape the future of the Unibot ecosystem.

  2. Reduced Gas Fees: UNIBOT token holders can benefit from reduced gas fees, making transactions more cost-effective.

  3. Token Scarcity: The token has an automatic burn rate of 0.1%, which helps drive up its scarcity and potentially increase its value over time.

  1. Trading Efficiency: Unibot's Telegram bot is designed to streamline trading processes, offering features like quick buy and sell, mirror sniper, and smart method sniper, making it a convenient tool for traders.

  2. Security Features: The bot includes security tools like fail guard sell and private transactions, which help protect users from frontrun and sandwich attacks.

  3. Ease of Use: The Unibot Telegram bot is free to use and has a user-friendly interface, making it accessible to a wide range of users.

  1. Growing Popularity: Unibot has shown significant growth, with a large number of daily returning users and substantial revenue generation, indicating a promising future for the token.

Unibot's risks

Unibot (UNIBOT) carries several financial risks that investors should be aware of. Firstly, the token has experienced a significant breach, resulting in a price collapse from $236 to $32.94, with over $630,000 lost due to a token approval exploit on a recently installed contract. This incident highlights the potential for security vulnerabilities in the platform.

Additionally, Unibot's tokenomics involve a daily burn rate of 0.1% and a 5% tax on each trade, which goes to the tax pool. While this tax pool is distributed among token holders, the team, and liquidity providers, it also means that the token is subject to market fluctuations and potential losses.

InvestorsObserver has given Unibot a medium Risk/Reward Score, indicating that the token can be manipulated by analyzing the money required to shift its price over a 24-hour period, along with changes in volume and market cap. This score suggests that Unibot is a relatively moderate risk investment.

Furthermore, Unibot's liquidity provision model, which allows liquidity providers to borrow volatile tokens, can expose users to market risks and potential losses if the borrowed tokens depreciate in value.

Lastly, the anonymous nature of the team behind Unibot may raise concerns about accountability and transparency, which can impact investor confidence and the token's overall financial stability.

Overall, while Unibot offers unique features and revenue-sharing models, investors should be cautious of these financial risks and thoroughly research the project before investing.

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Unibot's ecosystem

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Unibot’s team

  • Anonymous Team: The team behind Unibot has chosen to remain anonymous, despite being highly skilled in their field. This anonymity has not hindered Unibot's success, as it has risen to become a market leader in the Telegram trading bot sector.

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