UniBot is a trading bot integrated with the Telegram app, enabling users to engage in on-chain token trading activities, primarily on the Uniswap platform, through Telegram's interface. Here's a breakdown of how it works:
1. Trading within the Telegram App: UniBot is built on top of the Telegram app. This allows users to trade cryptocurrencies directly within Telegram, facilitating easy use and quick access.
2. Leveraged Liquidity Provision (LLP) Model: Unlike traditional liquidity pools that require providing two different cryptocurrencies, UniBot adopts an LLP model. In this model, liquidity providers (LPs) can supply just one token and borrow the other from the pool. This method offers a hedging effect, as LPs can short the borrowed token.
3. Executing Trades: Users can execute trades by inputting contract pairs they want to trade and specifying the amount of Ethereum (ETH) they intend to use for the swap. UniBot then carries out these trades in seconds using token pool contracts.
4. Features for Traders: UniBot offers various features such as token swapping, copy trading, limit orders, privacy trading, and real-time alerts for new Ethereum tokens. These tools are designed to maximize efficiency and ease for users trading on Uniswap.
5. Revenue Sharing and Loyalty Program: Holders of the UNIBOT token are entitled to revenue sharing and can participate in a loyalty program. This includes receiving a portion of the bot transactions and reduced fees based on UNIBOT holdings and trading volumes.
6. Expansion to Solana: Recently, UniBot expanded its operations to the Solana ecosystem with the introduction of the UNISOL token. This move aims to enhance the value proposition for UNIBOT holders.
7. Revenue Model: UniBot's revenue model includes charging fees on bot trading and a trading tax on its native token, UNIBOT. A significant portion of its income is generated from these token trading taxes, and the revenues are shared with token holders.
