TELEGRAM BOTS - NEW CRYPTO LANDSCAPE

In recent times, Telegram Bots have attracted considerable attention as their tokens continuously make new highs, bringing the capitalization of this group of tokens to $200M at one point.

So, what exactly are telegram bots and the accompanying tokens?

What are Telegram Bots?

Telegram Bots is a feature developed in Telegram to serve users’ customization purposes.

In Crypto, Telegram Bots are designed to offer features, which are only suitable for Crypto transactions that users can execute right on the Telegram platform such as: Buy and sell Tokens, Copy trade, Airdrop Farming, ... .

What about Token Bot?

Token bot is likened to the Governance token of these Telegram Bots themselves. Currently, the main use cases of token bots are:

• Revenue sharing by holding Telegram Bots

• Exercising project administration rights

If we look at the abovementioned use cases, we can imagine "Token bot" like "Shares" in a business, owning them can hold governance as well as profit from revenue sharing.

TOGETHER WITH ALPHA QUEST
ALPHAQUEST - Discover Promising Projects

Alpha Quest is one of the most powerful crypto research tool for gem discoverer. $UNIBOT was discovered by Alpha Quest from May 17, 2023, 16 hours after its Twitter was created! Stay with Alpha Quest to seek for the 2nd $UNIBOT.

Use our one and only code: CWN20 for 20% off when subscribe!
Try AlphaQuest now

Token Bot Trading Market

According to homemade source TK Research on Dune, the trading volume of this group of Token bots on DEXs peaked in the second half of July, when the total trading value was always above the $5M threshold. Even on July 23, the trading volume reached the threshold of $20M.

Besides, the leader in this Token Bot group is $UNIBOT, with a capitalization of $142M, ranking in the top 142 in the entire market. $UNIBOT is now trading at $148 at the time of writing, 25% down from its ATH at $199 on July 28.

By really creating real value for users, I believe that Telegram Bots would be such fertile land in the Crypto market.

TK Research on Dune Analytics is also mentioned as a source (pg. 8) in the latest report of Binance Research about Telegram Bots.