Floki developers have introduced a new Telegram-based trading bot specifically designed for FLOKI token holders on the Binance Smart Chain (BNB) network.
Developers to Create Buying Pressure for FLOKI
According to the announcement by the developers, this tool is poised to significantly boost the demand for FLOKI tokens and create upward pressure on the price.
The trading bot simplifies the process for users to buy and sell FLOKI tokens directly through Telegram. The trading bot will be available to a few users during the beta testing period. This will enable the developers to find and fix technical issues and ensure strong functionality. However, the tool will be available to the general public from mid-June.
ANNOUNCING: The Floki Trading Bot Closed Beta Mainnet Launch
We’re pleased to announce the launch of the Closed Beta of the Floki Trading Bot on the mainnets of the Ethereum, BNB, and Base blockchains!
The beta is currently open to an initial 150 users on a first come first… pic.twitter.com/Yr1FSYzmg6
— FLOKI (@RealFlokiInu) May 27, 2024
Meanwhile, one of the key features of this trading bot is its transaction fee structure. Each transaction executed through the bot incurs a 1% fee, with half allocated to purchasing FLOKI tokens on the open market. Notably, this mechanism is designed to continuously create buying pressure for FLOKI, as a portion of every transaction contributes directly to increasing the token’s demand and, consequently, its market value.
The introduction of this bot is expected to expand to Ethereum and Base blockchain. Also, this move is part of a broader strategy by the Floki development team to boost the token’s utility and adoption.
Growing Telegram Influence Among Memecoins
Days ago, Crypto-Vanguard reported that Telegram Founder, Pavel Durov endorsed the Web3 game Notcoin. In a message, Durov celebrated Notcoin’s success, emphasizing the advantage Telegram offers developers.
Notcoin, initially a simple mini-app on Telegram, allows users to earn a virtual currency called “Notcoins” by merely clicking on the screen. Interestingly, the app took over the crypto world as its active user base surged to over 35 million. Notcoin’s launch involved a significant airdrop of over 80 billion NOT tokens following its debut on the TON blockchain.
Users who participated in the game on their phones received NOT tokens at a 1000:1 conversion rate for their in-game currency. From Notcoin to Floki’s bot, the integration of Telegram in crypto affairs is growing remarkably.
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