In recent years, with the rapid development of blockchain technology, DeFi (decentralized finance) applications have gradually become an important part of the financial market. Against this background, the Telegram Bot track has risen rapidly, among which the Unibot token has performed particularly well, soaring from $2.46 two months ago to $143, and the total market value increased from $30 million to $140 million in just 30 days. So, is Unibot really more valuable than the smaller DeFi applications Trader Joe ($JOE) and Kyber ($KNC)? This article will analyze the advantages and potential of the Unibot token in detail for you.
What is Telegram Bot?
Telegram Bot is a robot that provides various DeFi trading tools on the Telegram platform. Users only need to enter the wallet mnemonic to execute token swaps, copy trading, analysis, automatic airdrop transactions, asset cross-chain and other instructions through Bot. As the leader of this track, Unibot has a total market value of $140 million, while other projects such as $WAGIEBOT have a total market value of only $12 million, and other projects are generally less than $5 million.
Unibot's revenue model
Unibot's revenue model looks very similar to Safemoon, and it mainly obtains revenue in the following two ways: - 1% transaction fee: A 1% fee is charged for each transaction. - 5% sales tax: A 5% sales tax is charged for each token sale.
This model makes Unibot a "real yield" project, that is, sharing revenue with token holders.
Existing projects in the Telegram Bot track
In addition to Unibot, there are multiple projects in the Telegram Bot track, covering DeFi transactions, data analysis, airdrop ambush transactions and other fields. For example:
DeFi: WagieBot, Boltbot, 0xSniper, NitroBot, Xbot, ASAP, SwipeBot, Bridge Bot, AI DEV, All In
Data Analysis: Cipher Protocol, NeoBot, Meowl, TokenBot, Trace AI, Scarab Tools, BlackSmith, TrackerPepeBot, DAGMI, First Sirius, The DIG, WallyBot
Airdrop Ambush Trading: Farmer Friends, LootBot, alfa.society
Others: EnigmaAI, NexAI, 0x1, MagiBot
These projects provide various functions through Telegram or Discord and share revenue with token holders.
Why did the Telegram Bot narrative rise?
The Telegram Bot track has been able to rise rapidly for the following reasons: - User base: Most crypto users are heavy users of Telegram. - Ease of use: Products that can be easily used by users outside the circle. - Revenue performance: Unibot ranks in the top 10 in terms of revenue, with approximately $890,000 per week. - Market recognition: Coingecko co-founder Bobby ONG praised its products and cooperated with Coingecko and Coinmarket Cap.
Bobby ONG said: "One of the biggest pain points in introducing retail to cryptocurrencies is that it is too difficult to use wallets and interact with DeFi protocols. After experiencing Unibot a few weeks ago, I think I now know how the next wave of billions of new users will interact with cryptocurrencies."
Opportunities and risks
Opportunities: MaestroBots earns $1.1 million per week and launches tokens: This is the second most used Telegram Bot.
Unibot's new trading terminal Unibot X is integrated with GeckoTerminal: further improving the user experience.
The CEX listing boom of Bot field tokens: will attract more investors.
Twitter robots are becoming mainstream: expanding market influence.
Risks: Low degree of decentralization: There are security risks in importing mnemonics into these "centralized applications".
Self-regulatory issues: Do these Bots have a self-regulatory mechanism?
Fee structure: Currently, the main income comes from taxes. Is it sustainable?
Future Outlook
Although the Telegram Bot track is still in its early stages, its popularity is expected to continue to rise. The Unibot team continues to launch new products and draw up a blueprint for future products. For example, Unibot's new trading terminal Unibot X is integrated with GeckoTerminal, which will further enhance the user experience. In addition, the CEX listing boom has not yet begun, which will bring more market attention to Unibot.
However, Unibot also faces some challenges. For example, how to enhance user trust in Bot? Will these Bots launch their own DEX? Can the tax model continue to attract users?
Conclusion: In general, as a leader in the Telegram Bot track, Unibot has excellent token performance, a stable income model, and high market recognition. However, investors need to carefully consider risk factors such as its degree of decentralization, self-regulatory mechanism, and fee structure when investing. In the future, with the launch of more new products and the increase in market popularity, Unibot is expected to continue to lead the development of the Telegram Bot track.