Key Takeaways
- Bitcoin is trading above the $65,000 level as the broader market stalls.
- Bitbot has released a mini-app UI to simplify DeFi trading for users.
Bitcoin remains above $65,000 as markets stall.
Bitcoin, the leading cryptocurrency by market capitalization, has underperformed over the past seven days. It has lost more than 3% in value over the past seven days and is currently trading for over $65,000 per coin.
This poor performance comes as whales have sold $1 billion worth of Bitcoin over the past few days. Altcoins have also underperformed in recent days, with the overall cryptocurrency market capitalization now below $2.4 trillion.
What is Bitbot?
The cryptocurrency market is still consolidating, but new projects continue to release quality products for users. Bitbot is one of the new projects that has released some interesting products and services.
bitbot It has raised more than $4 million from investors and is using the funds to launch a product for traders on Telegram. This Web3 project seeks to offer a unique value proposition to traders in the cryptocurrency space.
A self-managed Telegram trading bot that allows users to trade through the app’s cold wallet. Bitbot users can enjoy certain features available only to institutional investors, making it easier for traders to grow their trading portfolios.
Bitbot unveils mini app UI
Now that the reservation is over, bitbot We are focusing on product launch and token listing on cryptocurrency exchanges.
Their recent X post, the Bitbot team has unveiled a mini-app UI as one of the features available at launch, built with user-friendliness at its core. This intuitive interface simplifies DeFi trading, making it easily accessible to new users.
Bitbot added that its clean, responsive and easy-to-navigate design ensures that all users can fully utilize Bitbot’s features without facing a steep learning curve.
The launch of the Mini App UI comes about two weeks after Bitbot unveiled its staking feature. The staking feature allows users who request tokens through the bot to stake their tokens and earn competitive annual percentage returns.
Bitbot is also developing other security features such as Knightsafe, a solution that helps mitigate common risks associated with Telegram transactions. The integration of MEV anti- and anti-lug solutions will further help users protect their assets.
The team also stated that some of the funds raised in the pre-sale are already being used to integrate highly flexible wallet management based on non-custodial API technology.
Bitbot raised more than $4 million in presales.
The Bitbot presale was a success, with the team raising over $4 million. In addition to developing our own products, bitbot We are also currently building a team, developing smart contracts, building a community, driving marketing, and alpha testing.
Once these steps are complete, the team plans to list $BITBOT on cryptocurrency exchanges through top influencer partnerships and the launch of a Telegram Bot.
According to the whitepaper, the Bitbot development team will hold 20% of the total token supply and use it to fund ongoing development. An additional 14% is allocated to marketing and CEX listings and 3% to exchange liquidity provision.
Why Buy Bitbot Tokens?
The pre-sale has ended and $BITBOT purchases will only be possible once the token is released on cryptocurrency exchanges. Token prices are usually highly volatile once launched on a cryptocurrency exchange, making it difficult to determine the listing price.
but, bitbot When teams launch products and services, they gain mass adoption. The unique trading capabilities that Bitbot aims to provide could make the project and token a big winner in the current bull cycle.