Bitbot Launches Presale This Week: What You Need To Know?
BITBOT is a new Telegram trading app that will start pre-sale on January 17, 2024. Traders are eyeing opportunities, cryptocurrencies and Bitcoin ETFs. BITBOT holders benefit from a unique revenue sharing model.
Last week's cryptocurrency news headlines were mainly about the exit of Bitcoin ETFs. While the focus will likely continue to hover around ETFs and the short-term bitcoin price outlook, this coming week could be a big one for traders during the launch of Bitbot (BITBOT).
BlackRock holds 11,439 BTC amid ETF excitement
BlackRock's IBIT Bitcoin ETF has been one of the key drivers of inflows and trading volume for spot Bitcoin ETFs since its launch on January 11. The asset manager's holdings rose to 11,439 BTC over the two trading days, the data showed.
Eric Balchunas, senior ETF analyst at Bloomberg, shared data showing that Bitcoin ETFs saw more than $1.4 billion in new cash in the two days. With Greyscale's GBTC cap at $579 million, net income stood at over $819 million.
Meanwhile, BlackRock IBIT led the flow by $500 million as it hit $3.6 billion from 500,000 individual transactions. If the analysis includes GBTC figures, the individual transactions reached 1.2 million, which the analyst called “impressive”.
The expectation is that when there is more demand pressure, the price of Bitcoin will rise. While BTC's fall following the launch of the Bitcoin ETF has traders scrambling, analysts believe the market will eventually accept the long-term impact of the ETFs' approval.
Bitbot is one of the tools that traders can use when the market matures.
What is Bitbot (BITBOT)?
BITBOT is the world's first paid non-tutor bot and is a new Telegram trading bot that is gaining a lot of attention.
One of the key aspects that sets Bitbot apart from current Telegram bots is its focus on security and user privacy. Apart from the benefit of having institutional-standard trading tools, the complete protection of one's assets is a major factor.
Retailers are looking at the upcoming launch of this bot, enhanced by MPC protection technology and its strong security backed by the Knightsafe smart contract wallet, as a significant improvement over their current offerings.
Bitbot's Anti-MEV Bot and Anti-Rogue features are huge additions to help the Telegram business community stay away from the dangers of 2023 Maestro and Unibot.
Bitbot presale goes live this week
Powering this platform is the native ERC-20 token BITBOT. This is a management token that also offers the trading bot wallet management and access to low gas options.
BTBOT is also integral to Bitbot's revenue sharing mechanism, which allows holders to receive a share of the revenue as the platform expands its services to the trading ecosystem.
BITBOT has a total supply of 1 billion tokens, 30% of which are set aside for public pre-sale starting January 17, 2024.
Learn more about Bitbot's upcoming launch here.
