Unibot (UNIBOT), a Telegram-based exchange, has been making waves in the crypto market. BOT offering its early investors nearly 200 times their initial investment. The platform, which links user wallets to the decentralized exchange Uniswap, has seen a significant surge in users and revenues over the past month. This comes as Unibot’s unique offering of sophisticated on-chain trading and spot ether (ETH) payouts to its token holders based on the platform’s revenue continues to attract investors.
Unibot’s Meteoric Rise
Unibot’s prices have spiked 40% in the past 24 hours, reaching the $200 mark. Price has more than tripled since the beginning of July. As of now, the token boasts a market capitalization of $180 million. On-chain data reveals that Unibot has accumulated 3,600 ether in fees since its launch in May. A portion of which is paid directly to token holders. The number of users has also seen a steady increase. Reaching 6,500 compared to just over 2,000 at the end of June.
The Unibot Advantage
The appeal of Unibot lies in its ease of use compared to a decentralized exchange like Uniswap. Users of Unibot can trade tokens as easily as they would send messages on the popular messaging app, Telegram. This eliminates the need for continual wallet logins, cross-checking token information, and high fees to ensure trades go through. This combination of utility and fee-sharing is expected to increase demand for UNIBOT tokens in the future, particularly during bullish market conditions when traders are likely to seek out projects that offer passive payouts.
Conclusion
Unibot’s success story is a testament to the potential of innovative crypto projects that offer unique value propositions to their users. As the platform continues to grow and attract more users, it will be interesting to see how it shapes the future of decentralized exchanges and on-chain trading.
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