The Unibot trading tool raked in an incredible $650,000 in transaction fees in a single day.
In Brief
In just one day, the Telegram trading bot Unibot recorded an astounding $650,000 in gas fees.
Since its launch on May 25, this trading bot has successfully accumulated $2.57 million in fees.
Such Telegram bots Potential users should be aware that there might be some inherent risks associated with Unibot. Therefore, it’s essential to conduct thorough research and exercise caution when engaging in transactions.
Unibot, a trading bot launched recently, has managed to generate $650,000 in gas fees. This free Telegram-based bot is designed for rapid and easy trading on the go. According to its website, it allows users to execute trades six times quicker than on Uniswap.
Joining the ranks of popular trading solutions, Unibot has received increased attention among the community. Its token, $UNIBOT, was active within the Crypto.com app as of July 23, where it simultaneously accumulated $650,000 in transaction fees, as reported. listed As of now, since Unibot's launch on May 25, it has accrued an impressive $2.57 million in fees, boasting a market capitalization of $150.73 million. DefiLlama .
Unibot is equipped with a variety of features including limit orders, a mirror sniper, fail guard sell, and private transactions. Users benefit from a real-time token scanner that allows them to set alerts for new tokens on the Ethereum blockchain. The bot also protects against transaction failures while buying or selling tokens. Interestingly, users can even outbid competing buyers within the same block by offering higher gas prices. Although it operates as a bot, users still need to pay gas fees for their transactions.
New users getting started with Unibot will have three wallets generated for them, one of which must be funded on the Ethereum network. Users are required to deposit ETH into one of these wallets before they can begin trading.
It's crucial to conduct independent research prior to using any trading bot. Platforms like Unibot and Genie Bot may not guarantee safety, so it's advisable for traders to move their funds back to traditional crypto wallets when concluding their transactions.
Many Twitter users seem to think that Telegram trading bots could eventually replace existing Web3 wallets like MetaMask and Block Wallet. Still, there are concerns that as the market becomes overcrowded, many trading bots may ultimately fail.
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Disclaimer
In line with the Trust Project guidelines Valeria, a reporter for Metaverse Post, specializes in topics such as fundraising, AI, the metaverse, digital fashion, NFTs, and everything pertaining to Web3.
