Gracy Chen, Managing Director of Bitget: The underlying logic of Telegram Bots is to "follow Smart Money"

2023/08/11 03:51

Telegram bot track has been gaining popularity recently due to the meme wealth myth and the prevalence of MEV, which have provided a fertile ground for the growth of Telegram bots. Currently, Unibot cannot rely on its products to make most of its money, but rather heavily depends on token trading (charging a 5% transaction tax). If token trading volume declines, there may be a vicious cycle of "reduced income, worsened fundamental data, decreased user confidence, token price drop, and weakened track wealth effect".

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