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

Odaily Planet Daily News Recently, the Telegram Bot track has continued to be hot, mainly because the myth of Meme making money and the rampant MEV have given Telegram Bots the soil to grow. Currently Unibot does not make most of its money from its products, but relies heavily on token transactions (with a 5% transaction tax). If the trading volume of tokens declines, there may be a vicious cycle of "decreased revenue, worsening fundamental data, declining user confidence, falling tokens, and weakening the wealth effect of the track". Gracy Chen, managing director of Bitget, said: "If the Bot track wants to avoid a vicious cycle, it needs to continue to improve in terms of user volume and product innovation. There is a large room for growth in the current transaction volume and transaction users. Bots, like Wagiebot, have grown from Telegram's expansion to Discord may also be a method to acquire user increments. In terms of product innovation, Bots products may not be limited to Snipe and Front-Run for Token in the future, and can tap new users in the NFT market. In addition, the bottom layer of Telegram Bots The logic is 'follow Smart Money', and today's Bitget is the world's largest cryptocurrency copy trading platform; as of June this year, more than 100,000 traders shared strategies on Bitget, and more than 490,000 users copied them strategy."