What Is CoinBot? Launched in 2023 by a decentralized team across the globe, CoinBot is a sophisticated trading bot integrated into the popular messaging platform, Telegram. This innovative tool transforms how users trade and manage digital assets across nine major blockchains, including Bitcoin, Litecoin, Dogecoin, and more.
CoinBot operates on an open-sourced infrastructure protocol from THORChain, which offers secure and trustless cross-chain swaps. The aim of CoinBot is to democratize access to efficient trading strategies and deliver value to its users.
CoinBot uses a native utility token, $COINBT, and holders of the token are entitled to share in the revenue generated by the project.
Key components of CoinBot include:
A Telegram Bot: This accessible interface allows users to trade across various blockchains effortlessly. DEX Aggregation: This feature enables users to find the best price for their swaps across different chains, optimizing value extraction. Cross-chain Support: CoinBot supports nine major blockchains, providing a comprehensive trading environment for its users. Trustless Swaps: Utilizing the THORChain protocol, CoinBot allows users to make secure and trustless swaps between different chains. CoinBot's launch approach sets it apart from traditional projects in the crypto space. It started with 100% of its supply in circulation, with no tokens locked and no venture capital funding. This unique strategy ensures the decentralized ethos of the project and promotes a sense of community among its users.
The project is a collective effort of a decentralized global team, which includes developers and blockchain enthusiasts with extensive industry experience. CoinBot prioritizes transparency, with updates about project developments shared openly with the community.
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