What Is Unibot and How to Buy UNIBOT Tokens?

Unibot is a decentralized exchange integrated into the Telegram Chat interface, allowing users to interact with a bot and trade cryptocurrencies using text prompts and buttons. It seamlessly combines the functionalities of the Uniswap version 3 platform, offering its features, while placing a strong emphasis on enhancing the user experience through the Telegram trading bot interface.

In this article, we will discuss what Unibot, the concept of Unibot Copy trading, the Unibot token, its tokenomics, the features of the Unibot trading platform and how to purchase UNIBOT tokens.

What Is Unibot?

Unibot is a Telegram bot that enables DeFi users to engage in cryptocurrency trading on the Uniswap v3 platform directly from the Telegram messaging app. Unibot is developed by Diamond Protocol, a DeFi protocol centered around on-chain structured products for Uniswap v3, Unibot operates as a Leveraged Liquidity Provision (LLP) system.

The functionality of Unibot is rooted in its connection to the Uniswap v3 decentralized exchange, facilitating trading actions through commands on the Telegram platform. Users can define the specific token pair for trading, indicate the desired trade volume, and choose the order type, whether it's a limit order or a market order. Subsequently, Unibot executes the trade on the Uniswap exchange and communicates the outcome to the user.

The security measures employed by Unibot are of paramount priority, providing users with a safe trading environment. Diverging from centralized exchanges (CEX), Unibot distinguishes itself by granting users direct access to their private keys associated with the generated trading wallets. This distinctive feature empowers users to import these keys to external platforms like Metamask, thereby assuming complete control over their funds within Unibot at any given instance.

What Is Unibot Copy-Trading?

Unibot Copy Trading is a feature of the Unibot bot that allows users to copy the trades of other successful traders so it is a great way for beginners to learn how to trade from experienced crypto traders.

To use Unibot Copy Trading, users first need to find a trader they want to copy. This can be done by browsing the Unibot leaderboard, which ranks traders by their performance. Once a trader has been selected, users can copy their trades by entering their address into the Unibot bot. Right now, Copy Trade only copies buys and the support for copying sells will be added at a later time.

When a user copies a trader's trade, Unibot replicates it in their account. Profit corresponds to the percentage gain and loss to the percentage loss.

Copy trading comes with its risks. If the trader you are copying makes a bad trade, you will also lose money. It is important to do your research before choosing a trader to copy.

What Is UNIBOT Token? 

The Unibot token (UNIBOT) is the native token of the Unibot platform. It is used to power the platform's various features, including:

1. Staking: Users can stake UNIBOT tokens to secure rewards.
2. Governance: UNIBOT holders possess voting rights for shaping the Unibot platform's trajectory.
3. Fee Benefits: UNIBOT holders receive trading fee reductions on the platform.
4. Exclusive Access: UNIBOT holders might access unique features, early releases, or products.

Holding 10 or more UNIBOT tokens offers several benefits. This includes a 20% reduction in fees for Unibot swaps, involvement in revenue sharing with a distribution of platform earnings to token holders, and access to a dedicated Telegram channel tailored for holders. This channel serves as a space for engaging in alpha discussions, proposing new features, and receiving specialized support.

UNIBOT Tokenomics

• The initiative conducted a Fair Launch, signifying the entirety of the token supply was introduced into liquidity upon its inception. A total of 1,000,000 UNIBOT tokens were placed into circulation.
• Transactions involving UNIBOT are subject to a 5% tax, with allocation as follows: 1% towards LP, 1-2% directed to holders, and 2% assigned to team operations.
• 40% of the bot transaction fees are allocated to token holders.
• For token holders to participate in revenue share, the holder must hold a minimum of 10 UNIBOT tokens. 

UNIBOT Token Statistics

Features of Unibot

Unibot showcases a range of features that contribute to its efficacy as a crypto token trading tool:

1. Swiftness: Unibot's design prioritizes rapid execution, completing trades within an exceptionally short span of time. This quality is particularly valuable in the swiftly evolving landscape of cryptocurrency trading.
2. Leveraging: Unibot permits traders to engage in leveraged trading, a practice that has the potential to amplify profits or losses. While this strategy can be lucrative, it also carries inherent risks.
3. Single-Asset Input: Unibot streamlines the trading process by requesting only one asset input from users when initiating trades. This streamlining facilitates risk management and enhances trading efficiency.
4. User-Friendly Interface: Unibot boasts a user-friendly interface designed to accommodate beginners and facilitate straightforward usage.

In addition to these attributes, Unibot provides supplementary functionalities:

• Imitating Trades: Users have the option to replicate the trading activities of proficient traders.
• Market Participation: Users can provide liquidity to the Uniswap exchange and collect associated fees.
• Staking: UNIBOT token holders can engage in staking to receive rewards.

Unibot serves as a robust platform for crypto token trading, characterized by its speed, security, and user-friendliness. Prospective traders, especially newbies who prefer to interact with a chatbot interface over an overwhelming trading interface would find Unibot to be a commendable choice.

UNIBOT Token Value

The UNIBOT token is valued at $132 and is influenced by several key factors. These include the general market sentiment for cryptocurrencies – a bullish market elevates UNIBOT value, while a bearish one diminishes it. The success of the Unibot platform and its user attraction impacts the token's value, alongside the demand for UNIBOT tokens. In essence, UNIBOT's value is shaped by elements such as supply, demand, cryptocurrency market sentiment, and platform performance. It is important to do your own research before investing in UNIBOT tokens.

How and Where to Buy UNIBOT Tokens? 

CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. With its 700+ tokens supported, including UNIBOT, users can now trade easily and seamlessly. Here's a guide on how to buy UNIBOT on CoinEx.

1. Create an Account: Start by signing up for a CoinEx account.
2. Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
3. Navigate to UNIBOT Trading Page: Once your account is funded, go to the dedicated UNIBOT trading page on CoinEx. Here, you can find various trading pairs involving UNIBOT tokens.
4. Choose a Trading Pair: Select the desired trading pair that matches UNIBOT with another cryptocurrency. For instance, you may choose UNIBOT/USDT if you wish to trade UNIBOT against USDT (Tether).
5. Specify the Purchase Amount: Determine the quantity of UNIBOT tokens you want to purchase. Input the amount in the trading interface, which will calculate the corresponding cost based on the current market price.
6. Execute the Trade: With the specified amount, proceed to execute the trade. Confirm the details, and if you are satisfied, submit the order. 

By following these comprehensive steps, you can easily trade UNIBOT on CoinEx, taking advantage of the available trading pairs.