UniDexBot — Telegram QUIZ & AMA — January 07
On Thursday, January 07, we had the pleasure to welcome to our Telegram chat:
BitCoinly, Strategic Advisor, and
We asked them questions about the development of UniDexBot.
Some sentences have been slightly edited for readability but the meaning has been conserved.
The UniDexBot creates Automated Trading Strategies on top of DEXes like Uniswap.
UniDexBot has incredible features like Uniswap Private Limit Orders, Automatic Trading Cycles, Charting Tools, and New Listing Sniping!
In just 4 months, UniDexBot has gathered more than 700 bot users.
As a cross-platform compatible platform, UniDexBot works in Windows, Linux, macOS, iOS, and Android.
Q — Ayeley from GAINS: What did you do before crypto, how did you get into crypto and did you have any other ventures in crypto previous to being involved with UniDexBot?
A — ut_citizen from UniDexBot: Before crypto, I was developing in a medium-sized company. We managed to create a high-level product, top in its segment. I learned about crypto in 2017. A friend asked me to write a small script to help him in trading on the crypto exchange. This fascinated me. Since then, I have been continuously developing blockchain in the field for more than 3 years.
There were about 15 projects of different levels of complexity and success.
Q — Ayeley from GAINS: Can you tell us some more about UniDexBot and how you transitioned from developing blockchain to settling on one?
A — ut_citizen from UniDexBot: In the field of blockchain, I developed only my projects. I did not fulfill third-party orders. It turned out that I worked a lot with writing trading algorithms. I have vast experience and UniDexBot has become useful for all trading fans on DEX.
Q — Ayeley from GAINS: Can you tell us what your role at UniDexBot is?
A — BitCoinly from UniDexBot: I am the Strategic Advisor for the UniDexBot project. I was selected from the community. I have various businesses and got into Crypto in 2016. I had my free time and liked this project and wanted to help.
Q — Ayeley from GAINS: What is the project about?
A — BitCoinly from UniDexBot: The project is about creating Automated Trading Strategies on top of DEXs like Uniswap. So far, we have created limit orders, automatic trading cycles, new listing sniping, charting tools, etc. on top of Uniswap. Just doing some shilling at this point:
Knowledge base: Link to all medium articles.
Check out our article on “How a user doubled his WETH using UniDexBot?”
Features of UniDexBot :
- Private Uniswap Limit Orders. No open book.
- Less gas cost: A 10-time approval setting is available. No gas required to create, edit or cancel orders.
- Funds stay in your wallet until execution.
- Automatic Percentage based buy and sell cycles. Print money automatically BRRRR!
- Charting Tools
- Try out for just 0.1 UNDB in your wallet.
- No hidden fees or cuts from your trades.
- Stop Loss, Trail Stop
- New listing Sniping
- Adaptive UI for mobile devices
- Martingale Averaging (Upcoming)
- Dex Agnostic (Upcoming)
- Trading view signals integration (Upcoming)
- DEX aggregator (Upcoming)
- Best supportive community.
We do also have a PRICEBOT service now.
Q — Ayeley from GAINS: Does it work on DEXes only on Ethereum or it supports other blockchains?
A — ut_citizen from UniDexBot: Presently, ETH.
Q — Ayeley from GAINS: What are your plans to increase those 700 users? From your infographic here, you have more features than your competitors, but it seems they have a larger chunk of the market share.
A — BitCoinly from UniDexBot: When I asked the owner of this group, he said he was hearing about us for the first time. I asked the question purposefully. I think that’s where we need to focus now — get the word out.
Q — Ayeley from GAINS: What is the UNDB token use case? How did you make sure it captures the value of the ecosystem you’re building?
A — BitCoinly from UniDexBot:
We have license tiers for the bot users and users need to hold UNDB tokens to use the platform.
Q — Ayeley from GAINS: Do you have a general idea of how the different tokens will interact with each other in the UNDB ecosystem?
A — BitCoinly from UniDexBot: These would be separate projects and accessible for the outside UNDB ecosystem as well. For example, the gas cashback project I mentioned above will be universal. While it will work in the UNDB ecosystem, it will work outside of it as well.
Q — Twitter user @Winterkom: How does the mechanism that allows orders to be executed with an SL in UniDexBot work? Are funds locked until it executes?
A — BitCoinly from UniDexBot: SL works the normal way it should work. The liquidity in your wallet is used every time. It is taken out only at the time of execution.
Q — Twitter user @NguyenQ32225128: Since you don’t have an app, is it possible for users to use the web version from the mobile without any problems or restrictions?
A — BitCoinly from UniDexBot: We are cross-platform compatible. It works in Windows, Linux, macOS, iOS, and Android. For mobile devices, we use Adaptive UI technology.
A — ut_citizen from UniDexBot: UniDexBot can be installed on any platform as a PWA. Users will not see the difference between native applications and PWA.
Q — Twitter user @Rogeralbertoz: The DeFi market is constantly evolving and always demands products with adaptability. How adaptable are your services in the face of the constant growth of the market and the demands of crypto enthusiasts?
A — BitCoinly from UniDexBot: We are going to integrate other major DEXs than Uniswap. Our code is DEX agnostic.
Q — Twitter user @BgmMallu: Can you explain more about $UNDB holders and liquidity providers rewards programs? Why was the program launched, is it still ongoing and how will it be carried out?
A — BitCoinly from UniDexBot: It was launched for two reasons. We had so many team tokens left and decided to give them away to our early supporters. We wanted to encourage holding and improve liquidity. It is still ongoing: More details on the program here.
Q — Telegram user: prayoga taufik: 300 UNDB tokens to be distributed to Holders and Liquidity Providers in a 150-day timeframe. How will you distribute this token to them?
A — BitCoinly from UniDexBot: Find out more here.
Q — Telegram user ucok keren: Can I use a wallet other than Metamask to connect to the UnidexBot dApp?
A — ut_citizen from UniDexBot: Yes
Q — Telegram user Chapito: Your bots are meant to be used to place limit orders on UniSwap, but the requirement to hold UNDB to use the bot makes it less accessible to more users. What will UniDexBot do to bring in new users who may use other services?
A — BitCoinly from UniDexBot: Entry tier is just .01 UNDB around $200.
Q — Telegram user Cengizhan Tekin: What is the secret of getting UNDB token to that level, how did you achieve it?
A — ut_citizen from UniDexBot: The original goal was to create a working product in close cooperation with the community.
Q — Telegram user Angelo🌳: In early December, UniDexBot added a new “sniper” feature to its platform. Could you explain what this feature is?
A — BitCoinly from UniDexBot: Find out more here.
Q — Ayeley from GAINS: How many people are on the team? And For how long have you been working on UniDexBot?
A — BitCoinly from UniDexBot: 1 Dev, myself, 1 admin, and 5–6 community admins to help. This is the team now. We started around 4 months back and gained a user base of 700 people.
Q — Ayeley from GAINS: Did you already raise funds? If so, how did you handle them? Are you planning to do any future raises?
A — BitCoinly from UniDexBot: The raise was 4 months ago. Tokenomics can be read here. There won’t be any more raises for UniDexBot.com but we are planning new projects under the UNDB umbrella. These projects may or may not have separate raises. We will be launching a new project this month, which will give 100% cash backs on gas fees spent, and this will have a raise.
Q — Twitter user MALAAKIND: UniDexBot offers lower-cost gas to create, edit or cancel orders. 10 times the approval settings but $UNDB is in Uniswap, which works with the ETH network and always charges fees. How do you keep this from happening with your platform and exchanges?
A — BitCoinly from UniDexBot: If you are indicating the rising gas fees, we are coming up with a new project that gives you 100% of your gas fees back. This is not just limited to UniDexBot transactions but all transactions in your wallet. The presale will be sometime this month.
Q — Twitter user @cryptoenr1que: Why did UniDexBot decide to design an economic system based only on a total supply of 1000 tokens?
A — BitCoinly from UniDexBot: UNDB is 18 decimal tokens and is divisive. Currently, our entry tier requires .01 UNDB only.
Q — Ayeley from GAINS: What stage is the project at?
A — BitCoinly from UniDexBot: It’s a fully working product. 700 users are using the platform now. New features are getting added though every time.
Q — Telegram user Turgut Baltazar: In the long run, why should we trust your project? How do you raise awareness and eliminate the doubts of investors/partners/customers?
A — ut_citizen from UniDexBot: There’s a closed group of holders. The main issues in the further development, including price policy, are determined thereby voting.
Thanks a lot for coming in today, BitCoinly and Ut_Citizen! It was great learning about UniDexBot today. With all these innovative features, it is just a matter of time before the numbers increase from the 700 users you have now. Anything else you’d like to say? Where can we follow you? — Ayeley from GAINS
Thank you for your attention and your questions! — ut_citizen from UniDexBot
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