Unibot is powering the Telegram trading revolution.
It will unlock the next tidal wave of crypto investors.
Here's my detailed analysis of the project:
🧵
It will unlock the next tidal wave of crypto investors.
Here's my detailed analysis of the project:
🧵
Make sure you read to the end to find out my overall score for the project.
Bookmark this post so that you can come back later for reference.
Here's what we will cover in todays edition:
Bookmark this post so that you can come back later for reference.
Here's what we will cover in todays edition:
Unibot is a trading bot that allows you to conduct automated DEX trades using the Telegram app.
It simplifies the experience of trading on Uniswap by offering:
• Cleaner UI
• MEV protection
• Failed transaction protection
• Faster trading (6x quicker than Uniswap)
It simplifies the experience of trading on Uniswap by offering:
• Cleaner UI
• MEV protection
• Failed transaction protection
• Faster trading (6x quicker than Uniswap)
If you have ever used Uniswap, you'll know that it can be quite a cumbersome experience.
Telegram trading bots have taken crypto by storm as they provide a much cleaner and faster way to trade, especially for newcomers.
Telegram trading bots have taken crypto by storm as they provide a much cleaner and faster way to trade, especially for newcomers.
They have the following benefits:
• Speed
• Improved UX
• Automation
• Easier to use for new users
• Security (MEV & rug protection)
• Speed
• Improved UX
• Automation
• Easier to use for new users
• Security (MEV & rug protection)
Unibot has dominated the market and currently has around a 71% market share.
I think this is just the beginning for this sector as telegram bots will help to onboard more users and investors into the web3 space.
I think this is just the beginning for this sector as telegram bots will help to onboard more users and investors into the web3 space.
Since launching in May 2023, Unibot has consistently grow it's user base.
It is now consistently hitting over 1.5k daily active users and total cumulative users just surpassed 10k.
It is now consistently hitting over 1.5k daily active users and total cumulative users just surpassed 10k.
Unibot distributes revenue share from it's protocol to holders of the native token.
As long as you hold a minimum of 10 $UNIBOT tokens, you will receive ETH in rewards (no staking or lockup required).
As long as you hold a minimum of 10 $UNIBOT tokens, you will receive ETH in rewards (no staking or lockup required).
Revenue distributed to holders:
• 40% of all bot transaction fees incurred
• 1% of all UNIBOT volume traded. (2% till Sep for participants in token migration)
Unibot is consistently generating $40k in revenue per day- 26th place amongst all protocols according to DeFi Llama.
• 40% of all bot transaction fees incurred
• 1% of all UNIBOT volume traded. (2% till Sep for participants in token migration)
Unibot is consistently generating $40k in revenue per day- 26th place amongst all protocols according to DeFi Llama.
The tokenomics of Unibot are fairly simple:
• Fair launch on May 17th, 2023.
• 1M tokens issued. Fully circulating and non-dilutive.
• 5% tax on UNIBOT traded (1% to LP, 1-2% to holders, 2% to team)
• Fair launch on May 17th, 2023.
• 1M tokens issued. Fully circulating and non-dilutive.
• 5% tax on UNIBOT traded (1% to LP, 1-2% to holders, 2% to team)
These are the current supply stats:
• Circulating & Max supply = 1m
• Market cap = $200m
• FDV = $200m
• Market cap/ FDV = 1
• Circulating & Max supply = 1m
• Market cap = $200m
• FDV = $200m
• Market cap/ FDV = 1
The green bubblemaps cluster is the revenue share distribution (a healthy cluster).
As you can see, largest wallet only holds 2.46% of supply (24.7k UNIBOT = $4.7m).
Check out the Bubblemaps thread for more detailed analysis.
As you can see, largest wallet only holds 2.46% of supply (24.7k UNIBOT = $4.7m).
Check out the Bubblemaps thread for more detailed analysis.
There is no reference to a treasury in any of the Unibot documentation.
However, they do note that 2% tax of UNIBOT is directed to the team and operating expenses.
As the project is fairly young, this is something I would expect they may consider as they grow.
However, they do note that 2% tax of UNIBOT is directed to the team and operating expenses.
As the project is fairly young, this is something I would expect they may consider as they grow.
While there is no formal decentralised governance forum setup, Unibot has got a private holders' only Telegram channel that you can access as long as you hold 10 UNIBOT tokens.
• Twitter -31.6k followers
• Telegram- 8.7k group
• Unique users- 10.3k
• Twitter -31.6k followers
• Telegram- 8.7k group
• Unique users- 10.3k
Unibot was 'fair launched' in May 2023.
There is very limited information on the anon team that founded the project.
Recently there was a migration from V1 to V2 (tokenomics upgrade). The vote was passed 81% in the holders telegram channel (not an official DAO vote).
There is very limited information on the anon team that founded the project.
Recently there was a migration from V1 to V2 (tokenomics upgrade). The vote was passed 81% in the holders telegram channel (not an official DAO vote).
There are quite a few competitors in the Telegram bot sector.
Maestro has been around the longest, hence why it is ahead of Unibot in terms of total fees and lifetime users.
Maestro has been around the longest, hence why it is ahead of Unibot in terms of total fees and lifetime users.
However, Unibot is dominating since it launched. They now command about a 71% share of total market cap dominance (according to Coingecko).
Won't be long before they overtake Maestro in total numbers.
Won't be long before they overtake Maestro in total numbers.
My biggest concern with Telegram trading bots in general is around privacy and the security of your wallet keys.
Unibot states in their documentation that:
• Private keys are encrypted using industry standard symmetric key encryption/decryption. (No-one has access to your keys)
• Unlike CEX, users have access to their private keys of Unibot generated trading wallets.
• Private keys are encrypted using industry standard symmetric key encryption/decryption. (No-one has access to your keys)
• Unlike CEX, users have access to their private keys of Unibot generated trading wallets.
• You can import your keys to Metamask and have full control over your funds in Unibot at any time.
• Always treat your wallet as a hot wallet.
Other risks include- smart contract vulnerabilities, exploits and hacks.
H/t to @MTorygreen for his excellent thread.
• Always treat your wallet as a hot wallet.
Other risks include- smart contract vulnerabilities, exploits and hacks.
H/t to @MTorygreen for his excellent thread.
Overall, I am extremely impressed with Unibot. It has a unique use case and provides an innovative way to simplify DEX trading.
It needs to improve in areas such as governance, treasury and provide some further clarity on privacy.
Overall weighted score = 7.40
It needs to improve in areas such as governance, treasury and provide some further clarity on privacy.
Overall weighted score = 7.40
Note: I am NOT an ambassador or advisor of Unibot. This is NFA.
Tagging some accounts that I used as research/ inspiration:
@MTorygreen
@thedefivillain
@Dynamo_Patrick
@thehiddenmaze
@LouisCooper_
@_FabianHD
@RiddlerDeFi
@DeFiSurfer808
@TeamUnibot
@bubblemaps
@whale_hunter_
Tagging some accounts that I used as research/ inspiration:
@MTorygreen
@thedefivillain
@Dynamo_Patrick
@thehiddenmaze
@LouisCooper_
@_FabianHD
@RiddlerDeFi
@DeFiSurfer808
@TeamUnibot
@bubblemaps
@whale_hunter_
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