If you’ve followed our security recommendations in our previous Medium article: Staying Safe with Starbot, you should be ready to explore the world of DeFi! In this article, we will teach you how to find crypto tokens to trade using Starbot, and how to create your own trading plan.

Open a Starbot wallet and fund it

Check out our Quick Start Guide on our website, or our more detailed Gitbook, to learn how to open a Starbot wallet and fund it with ETH.

Find crypto projects

There are tens of thousands of legitimate crypto projects which have their own token. There are even more scam projects and dead projects. It takes time and effort to learn how to distinguish them!

A good place to start is CoinGecko, where you can easily browse tokens that have a high market cap, and find their token addresses. You can also search for tokens here that have a smaller market cap, or find trending tokens, biggest gainers and losers, and so on. Starbot’s STAR token can also be found on CoinGecko: https://www.coingecko.com/en/coins/starbot

Joining Telegram groups is a great way to learn more about crypto projects. You can discuss crypto tokens here with other crypto users and team members. Just be aware that Telegram groups are often abused by scammers! For your safety, you can cross-check any links shared in Telegram with a crypto project’s official X (Twitter) account or website.

In the Starbot Chat, you can use TTF (Track The Funds) bot for free. TTF is a very useful and all-in-one tool for analyzing token contracts. In the Bots and Charts topic of our Chat group, you can paste a token address, or forward a message containing a token address, and TTF will present you with an in-depth analysis. Lastly, Starbot community members are free to share their own picks in Community Gems. Note that these submissions are not always checked for legitimacy by the Starbot team, so buy at your own risk!

Make a plan

Do you understand what market capitalization is? Do you like big, mid, small or micro market cap projects and do you understand the inherent risks involved? Are you looking to jump on and ride an upswing, or buy on a drop?

If you are in it for the short term and interested in day-trading tokens, our partner Feather Hands has a great trading group where opportunities are shared for short term trading, along with technical analysis of charts. Note that 95% of (want-to-be) short term traders end up losing money, so you will need to be dedicated and prepared to learn!

Are you in it for the long term? Do you want to buy undervalued gems of quality crypto projects? This requires research into the fundamentals of a project. You should aim to research all of the following before you invest any substantial amount of money into a project:

• Is the team experienced and dedicated?
• Is the team trustworthy? What’s the likelihood they will rugpull (run away with all the money)?
• Does the project fit with any current crypto narrative?
• Does the team have a realistic and concrete roadmap?
• Does the project have funding?
• Does the project have a unique selling point in comparison with competitors, or is it more of the same?
• Is the product available, of good quality, and audited by third parties?
• Is the token overvalued or undervalued?
• Is there any benefit to holding the token? For example, revenue share or airdrops
• Is there dilution of the token supply from pre-sale investors or team members receiving their allocations?
• In broader terms, is it currently a bull market or bear market? In bull markets, generally speaking, you should have an inclination to sell. In bear markets, you should have an inclination to buy.

Not so easy, right? However, it is absolutely possible to research all the above. Project team members and community members in a project’s official Telegram or Discord group should be able to answer your questions. If a team can’t or won’t give you a clear answer, it is not a good sign! You can learn more about crypto in general on Binance Academy and other reputable resources.

Invest carefully

Once you’ve found a token you think is a good investment, we recommend not to buy everything in one go. Cryptocurrency prices fluctuate greatly, and people usually only talk about their favorite crypto gems when the prices are up. When the prices are down, people tend to stay silent.

This is why it’s important to invest carefully and not splurge all your funds into one token in one go. Instead, we recommend starting out by buying 25% of your maximum investment for that token. If the token price goes up, you will be in profit. If the token price goes down, you can invest another 25%, and continue to accumulate in steps, until you’ve invested your maximum amount. So if you’d like to invest a maximum of 1 ETH into a token, buy only 0.25 ETH at a time!

Take profits

Make sure you have a fixed target at which to take profits. It’s smart to make a spreadsheet or a simple note with all of your crypto investments, showing how much you’ve invested and at what price you will sell some tokens to get your initial investment back. The cryptocurrency market is volatile and unpredictable, so it’s always smart to do this and make your bags of tokens “risk free”.

A great rule of thumb is to take out your initial investment at a 2x. So if you buy a certain token at $0.10, and the price rises to $0.20, you could sell half your bag plus a little extra for gas fees. This way you can continue to grow your portfolio. Leave a “moon bag” of tokens in your wallet in case they “go to the moon”! You do not want to be found empty-handed if that happens.

All bull markets end

Every bull market must come to an end, and before that, there will be a “top”. The top has historically been dictated by Bitcoin’s all-time-high (ATH). Do some proper research into what you think the top may be for this market. You should consider selling most of your tokens close to that point, especially the ones that do not offer any benefits to holders and the ones that depend on hype.

Bitcoin and major altcoins like Ethereum can plummet 80% in value during bear markets. But medium, small, and micro market cap altcoins should be considered bottomless. They often plummet 99% from their ATHs, at which point you may think the bottom is in, only for them to plummet 99% yet again. So an investment worth $1000 may end up becoming worth less than $1! And for tokens that have been around for a few years, there is no guarantee that they will ever recover to their previous ATHs.

So, a word of advice from team Starbot: Take your money off the table and secure it! Go on a holiday, buy a new car, or pay off your mortgage. Leave some money in your wallet to build up a portfolio again, and be patient. Be prepared to wait a few years until the cryptocurrency market is back to a full-blown bear market. That is when you should be buying!

Conclusion

We hope you’ve enjoyed this advice from Team Starbot and that you can use this information to be a successful trader!

Get started with Starbot using the links below:

Demo Mode (free 2 ETH play money)

Starbot on Ethereum

Starbot Chat

Starbot X (Twitter)

Starbot Website

Starbot: Be An All-Star Trader

If you’re planning to actively trade and invest in cryptocurrencies, it’s essential to have proper security measures in place. With Starbot, you have the keys to your tokens, so they are truly yours! This also means you are responsible for your own security. We wrote this article to help you with that, so let’s dive right into it.

Secure your Starbot wallet

When generating a new Starbot wallet, make sure you have a secure place to store your private key. For example, you can write it down on paper and store it in your vault, use an encrypted USB stick, or store it with a trusted notary service.

We also recommend importing your Starbot wallet into a wallet app like Metamask using the private key, so you can access your wallet from two different places. After you’ve stored your private key securely, we recommend deleting the Starbot message that contains your private key.

Keep in mind that if you lose this private key, there is no way to find it again. If someone else finds it, they could use it to unlock your wallet and gain access to your tokens. So, spend some time thinking about which security measures are right for you.

Keep your device clean

It’s essential to apply proper security measures for the device you’re using to access Telegram and Starbot.

PC/Apple Users:

• Don’t use cracked versions of Windows, instead use a legitimate version of Windows or Linux
• Install anti-malware software such as Malwarebytes
• Use anti-virus software such as Windows Defender
• Do not download anything via torrents, instead use genuine platforms to download or stream licensed content, such as Netflix, Spotify, Steam, Windows Game Store, etc
• Don’t download files or software from unknown websites
• Regularly run your anti-malware and anti-virus software
• For enhanced security and privacy, if you travel or use your laptop on public networks, the use of a VPN such as NordVPN or ExpressVPN is recommended

Smartphone Users:

• Only download apps from the App Store or Google Play
• Install anti-malware software such as Malwarebytes and regularly run it
• You may be interested in installing GrapheneOS for more privacy (Android only)
• For enhanced security and privacy, if you travel or use your smartphone on public networks, the use of a VPN such as NordVPN or ExpressVPN is recommended

Watch out for scammers

If you’re using a wallet app such as Metamask or Trust Wallet, it’s important to keep a few things in mind. Often, when people get scammed in crypto, it’s not because of malware or a virus. Usually, they simply click a fake link, or send their tokens to a scammer, or enter their private key somewhere.

If you’re active on Telegram and Twitter, you will undoubtedly be approached by scammers who may impersonate team members of your favorite projects or influencers. They may offer airdrops or other free goods, or share announcements about new token launches, and try to get you to connect your wallet to a wallet drainer, or to send your tokens, or to enter your private key somewhere. They often use scam platforms disguised as legitimate platforms. This is why it’s necessary to exercise extreme caution when engaging with crypto on social media, and always double check if any links you’re clicking on have been shared by official sources.

Improve your Telegram security

In the main Telegram screen, click the 3 line icon in the top left corner, Settings, Privacy and Security, Groups & Channels, and set this to: “My Contacts”. This will help prevent scammers from adding you to fake groups.

If you’re getting an unexpected DM in Telegram from someone who looks like a team member, or if you’re reading a tweet on X containing a link shared by a fake account, you should never click these links! You are almost certain to lose your funds if you connect your wallet to any of these platforms.

In our Starbot community, despite our best efforts to moderate our Telegram chat, fake team members or other scammers may appear there before we have a chance to ban them, so please exercise caution. It is best to only click links that are provided via our official channels:

Website: https://www.starbot.pro
Twitter: https://www.twitter.com/starbotpro
Telegram Chat: https://t.me/starbotpro
Demo Mode: https://t.me/StarBot_demo_bot
Starbot on Ethereum: https://t.me/starbotprobot
Gitbook: https://docs.starbot.pro/
Linktree: https://linktr.ee/starbotpro

Use a hardware wallet

To further improve your security, we recommend buying a hardware wallet in which you can store your most valuable tokens. Think of tokens you’re not planning to sell within the next few days. Your hardware wallet will generate a new address, and it will store the private key offline, shielded inside the device. This means scammers and any malware or viruses will have a much more difficult time gaining access to your hard-earned crypto.

If you have imported your Starbot wallet into a wallet app like Metamask using the private key, you can easily send your tokens using those apps to your new hardware wallet.

And yes, you can absolutely store your STAR tokens on a hardware wallet too. We will be airdropping your revenue share and affiliate commission as ETH straight into your wallet. Just set up your hardware wallet in accordance with the official instructions, make sure to safely backup the mnemonic phrase, and then send your STAR tokens over to it once you are ready.

Hardware wallet brands we recommend:

Ledger
Trezor
Ngrave (no DeFi compatibility but very secure)

Compatibility

The above hardware wallets are capable of storing any token deployed on all major blockchains, including Ethereum. Ledger and Trezor offer extra versatility and can easily interface with DeFi platforms. However, not all tokens are listed in the official apps for these hardware wallets.

Thankfully, you can still access and use any token stored on your hardware wallet, even the ones not listed, by connecting it as a hardware wallet to Metamask. In this scenario, you will use these apps as the interface to your hardware wallet.

Connecting Ledger to Metamask
Connecting Trezor to Metamask

Sending your tokens to your hardware wallet

After having followed the steps above, granted you have imported your Starbot wallet into Metamask using the private key, you can easily send your tokens from Metamask to your new hardware wallet.

To make your STAR tokens visible in Metamask, import the STAR token contract address if you haven’t done so already:

0x6953f27dB0701E22616e701DbA91acC2E4B6DecA

STAR token on Etherscan

Then, make sure to double-check if your hardware wallet address is correct, before you send your tokens over! If you send them to the wrong address, this will likely be irreversible and your tokens will be lost.

After sending your tokens to your new hardware wallet and connecting it to Metamask (see above), repeat the steps in this paragraph again to make your STAR tokens visible in your hardware wallet connected to Metamask. If you have an Ngrave hardware wallet, you can skip this and simply synchronize your wallet!

Conclusion

If you have any questions, for example about setting up your hardware wallet, feel free to reach out to our chief communications officer, @MattHLX on Telegram. He will be happy to help you out!

Check out Starbot’s official links:

Website: https://www.starbot.pro
Twitter: https://www.twitter.com/starbotpro
Telegram Chat: https://t.me/starbotpro
Demo Mode: https://t.me/StarBot_demo_bot
Starbot on Ethereum: https://t.me/starbotprobot
Gitbook: https://docs.starbot.pro/
Linktree: https://linktr.ee/starbotpro

Starbot: Be an All-Star Trader

Get started with Starbot for free with a wallet containing $100 worth of ETH!

The Starbot Funded Wallet Program is designed to grow the Starbot user base and get people acquainted with our ecosystem, by rewarding early adopters with a funded wallet.

The 5% buy and sell tax of the STAR token is used to fund these wallets, making it a truly community owned and funded initiative for the growth of the Starbot ecosystem!

Trading Competition

To kick off the Starbot Funded Wallet program, we are simultaneously hosting a Starbot x Feather Hands Trading Competition which will last for 2 weeks. Active traders who make the most profit with the ETH given to them will be eligible to win prizes.

PLEASE NOTE: If you transfer ETH in or out of your Starbot wallet during the competition, you will be disqualified from the trading competition. You will need to make profits trading purely with the ETH we are giving to you as part of the Funded Wallet Program. Sounds good, right?

The Prizes

1st prize: $1000 in ETH
2nd prize: $500 in ETH
3rd prize: $250 in ETH
4th prize: $175 in ETH
5th prize: $100 in ETH

Dates: March 11th, 3 PM UTC (10 AM EST) until March 26th, 3PM UTC (10 AM EST).

What’s the catch?

There is no catch! If you get the keys to a funded wallet, it will really be yours. You’re free to do with the ETH as you wish. Do note however, that if you transfer these funds out of the Starbot wallet before or during the Trading Competition, you will be disqualified from the competition and excluded from all future Funded Wallet giveaways and Trading Competitions.

How do I get a Funded Wallet and join the competition?

If you are in the Feather Hands “War Room”, simply send a Telegram DM to Starbot’s Marketing advisor, Noah: https://t.me/BOULDERDOC, and he will sort you out.

If you are NOT in the Feather Hands War Room paid Telegram group, you are NOT eligible to participate. But don’t worry, other groups belonging to Starbot’s partners will get their chance to join the Funded Wallet Program in the near future, and we will definitely hold more trading contests!

Note that DMs from non-eligible applicants asking to join will be blocked.

Where can I find instructions for Starbot?

Starbot has a detailed Gitbook explaining every step of getting started with Starbot, as well as a detailed description of the STAR token, revenue share, affiliate program, and much more! Check it out: https://docs.starbot.pro/

About Big Nuts and Feather Hands

Big nuts is a professional trader with 25+ years of experience. He is the owner of the Feather Hands Telegram group, where he shares his trading guidance with a wide audience. The Feather Hands War Room is a paid Telegram group for an elite group of traders, who have been selected as the first to gain access to Starbot’s coveted Funded Wallet program and Trading Competition.

Feather Hands Trading public group on Telegram

Feather Hands Trading on X

About Starbot

Starbot is a trading platform that allows you to easily, safely and quickly trade tokens on Ethereum, right from your Telegram app. Starbot actively works with selected partners such as Feather Hands to spread the word, making Starbot the #1 choice in trading platforms for users of all skill levels. The STAR token allows you to reap the rewards of Starbot’s generous revenue share and affiliate program.

Starbot Demo Mode (free 2 ETH play money)

Starbot on Ethereum

Starbot Chat on Telegram

Starbot on X

DISCLAIMER: Note that this is the first iteration of our Funded Wallet Program. We will use metrics and feedback collected during and after this contest, to optimize and adjust our program for future contests.