With the unveiling of UNISOL, Unibot aims to amplify token value by tapping into the Solana ecosystem.

Web application for trading, Unibot (UNIBOT) They have announced the launch of UNISOL, a native token that will be part of the Solana framework, which will generate earnings in SOL tokens for its holders based on the Ethereum-reliant UNIBOT.

The announcement of this new token has sparked worries among seasoned UNIBOT token holders, who are concerned about possible dilution, fearing that the market might favor the new token over the original one.

This has led to a sell-off in response to the news. However, the Unibot team clarified earlier today that UNISOL could actually enhance the value accumulation of UNIBOT, potentially offsetting the recent downturn. Traders are integrating this news into their strategies.

The Unibot team shared an update on social media outlet X about the revenue distribution generated by the protocol, highlighting several key points. Solana is divided equally between two pools. 

"Pool #1 will benefit anyone holding $UNIBOT on Ethereum with no strings attached. You'll just need to connect your Ethereum wallet, which has $UNIBOT, to a Solana wallet to receive SOL revenue. Pool #2 is specifically for holders of $UNISOL on Solana,\" was mentioned in their official statement.

Approximately 80% of the UNISOL supply will be made available to UNIBOT holders through a snapshot and a claim process. Developers revealed that since launching in early January, over 20,000 users have engaged with the platform, generating a transaction volume surpassing $130 million as noted on Monday.

Stay updated on cryptocurrency distributions through our platform. Airdrops Calendar .

Unibot Witnesses Steady Growth 

The Unibot platform allows users to link their wallets to the decentralized exchange Uniswap, making token trading as straightforward as chatting on messaging platforms like Telegram.

Unibot collaborated Collaborating with trading data aggregators such as Jupiter Exchange and Birdeye, Unibot is set to debut on Solana by the end of December. Designed for Solana's unique ecosystem, it automates trading strategies while leveraging the network's fast transaction capabilities and low execution costs, enhancing the overall trading experience.

Since its launch in May, the platform has collected 11,700 ETH in fees, with a part of that fee distribution going directly to its token holders. The user base has steadily grown, hitting 41,000 users by Monday.

Recently, the platform reported that it generated $74,000 in fees with a total trading volume of $7.5 million. Dune Analytics indicates that Unibot averages daily trading volumes exceeding $5.5 million, starkly contrasting with leading decentralized exchanges like Uniswap, which reports daily volumes around $900 million. Solana and Ethereum Unibot’s approach in launching UNISOL while fostering joint ventures, along with its consistent growth trajectory and distinctive role within the Solana spectrum, illustrates its adaptability and innovation amid the shifting digital finance landscape.

Please note that the content provided here is not intended as legal, tax, investment, or financial advice. It's crucial to only invest with what you can afford to lose and to seek out independent financial advice if you're uncertain. For more information, we recommend reviewing the terms and conditions along with the help and support resources from the issuer or advertiser. MetaversePost strives for accuracy and objectivity in reporting; however, market conditions may change unexpectedly.