BotFi receives a $15,000 grant from Covalent

BotFi x Covalent

Hello, community,

With great pleasure, we have received a $15,000 grant from the Covalent team! This is great product validation that we are on the right track!

Covalent is a top-tier infrastructure platform that provides structured blockchain data, serving various purposes across numerous blockchains.

How Covalent Empowers Our Project Today

BotFi is an innovative, user-friendly trading bot for DeFi and NFT enthusiasts, conveniently accessible through Telegram. BotFi simplifies the intricacies of daily DeFi tasks, including Swapping, Bridging, Mirror Trading, Sniping, and more.

At BotFi, we heavily rely on blockchain data, which can be challenging to work with. After thorough research for a reputable API provider, we chose Covalent APIs because:

1. Lightning-Fast: Covalent stands out as the quickest API provider available.
2. Broad Blockchain Support: Covalent offers extensive coverage, supporting virtually all blockchains and their associated data.
3. User-Friendly API Libraries: Covalent’s straightforward API libraries have streamlined our development processes, reducing both time and cost.

We harness Covalent APIs for the following tasks:

1. Retrieving User Balances: We use Covalent to fetch the most up-to-date user balance information.
2. NFT Ownership: Covalent assists us in identifying and retrieving NFTs owned by a user’s wallet address.
3. NFT Onchain Info & Metadata: Covalent provides the latest onchain details and metadata for NFTs.
4. Efficient Bulk Transaction Data Retrieval: Covalent’s API allows us to obtain comprehensive transaction data for multiple addresses with a single request.

How this grant will help further

Thanks to this generous grant, we will broaden our support to include other EVM-compatible blockchains. This achievement will position BotFi as the only Telegram bot with such comprehensive blockchain compatibility.

Again, as BotFi’s version 2.0 development begins, which will introduce more DeFi-related features, Covalent’s grant will empower us to expand our API usage to encompass additional DeFi data. This will enable us to provide an even more comprehensive service to our users.

In summary, this partnership with Covalent, fueled by their grant, will enable BotFi to offer an enhanced user experience, broaden its reach to diverse blockchains, and further deepen its involvement in the DeFi space. We are excited about the immense potential and growth this collaboration promises for BotFi and the wider blockchain community.

BotFi’s App Screenshot

— — — — — — —

BotFi stands as the pioneer in self-custody DeFi trading bots for Telegram and Messenger, offering a plethora of advanced features. These include instant swaps, limit orders, mirror trading, token scanner, sniping bot, and a host of other capabilities.

Website: https://botfi.app
Telegram: https://t.me/botfi
Twitter: https://twitter.com/botfi_app
GitHub: https://github.com/botfi-app