Learn about the opportunities and risks facing the Telegram Bot Race.
Written by: Hotcoin Research Institute
preface
Recently, the Telegram Bot track has sprung up suddenly and has become a new track that has attracted much attention in the encryption industry. Against the backdrop of Telegram's huge user base, Telegram Bot emerged as the times require, aiming to meet user interaction needs, automate customer service, and optimize processes. Telegram Bot for the encrypted financial field allows users to experience financial services such as transfer and payment on the Telegram platform, and enjoy a one-stop service experience without leaving Telegram. At present, the types of Telegram Bots involved in the encryption field have covered multiple scenarios such as transactions, airdrops, communities, and cross-chains.
According to CoinGecko market data, as of writing, the total market value of the Telegram Bots sector has reached $161M, and the 24-hour trading volume has reached $35M.
Telegram Bot Track Representative Project Inventory
The Telegram Bot track is roughly divided into three categories: trading bots, harvesting bots, and question-and-answer bots.
Representative projects for trading bots include UniBot, WagieBot, BoltBot, OxSniper, and SwipeBot. This type of Bot mainly realizes fast transactions through high-speed algorithms and infrastructure, and most of them are positioned as "Uniswap snipers". They meet the needs of users for efficient and convenient transactions. The commonality lies in the fast transaction speed, and the difference lies in the different subdivision functions. For example, UniBot provides functions such as limit orders and mirror sniping, SwipeBot focuses on ease of use, and OxSniper has anti-MEV protection.
The representative project of the harvesting robot is LootBot, which solves the problem of inefficiency in manual harvesting of airdrops by automatically participating in airdrops and harvesting, and has a certain degree of innovation.
The question-answering robot is represented by GenieBot. It uses AI technology to answer various encrypted knowledge questions raised by users, which shows the intelligent direction of future robots.
Opportunities and risks facing the Telegram Bot track
opportunity:
1. Strong market demand
With the rapid development of the encryption industry, the market demand for auxiliary trading tools such as trading robots is growing rapidly. As one of the most widely used social software in the encryption circle, Telegram Bot can undoubtedly meet the needs of many encryption users.
2. Lower transaction threshold
Compared with traditional decentralized exchanges, Telegram Bot provides a simpler and more convenient trading experience, which greatly reduces the transaction threshold. This can attract more users who are unfamiliar or unwilling to use Dex into the crypto trading market.
3. Provide customized services
Telegram Bot can provide personalized trading services for different users. For example, BoltBot provides different trading tools and analysis functions according to the currency holdings. This customized service is more in line with the needs of different users.
4. Integrate AI technology
Some Telegram Bots have begun to combine with AI technology, such as Blacksmith and GenieBot, which can provide more intelligent transaction decision support, and AI empowerment can undoubtedly optimize the services of such Bots.
5. Social attributes bring communication advantages
Telegram Bot has the attributes of social software, and it can use Telegram's social network for dissemination and promotion, which is also one of its competitive advantages.
risk:
1. Security risks
Telegram Bot directly connects to the wallet and processes funds transactions. Once a security problem occurs, it can cause users to lose a lot of funds. In addition, some Bots have administrative rights, and once they are controlled by hackers, the consequences will be serious.
2. Strong competition
The threshold of Telegram Bot is not high, and it is easy to be imitated and copied, resulting in serious homogenization. In a highly competitive environment, some Bots may face the dilemma of losing users.
3. Technical Barriers
If some Bots integrate more complex algorithms and AI technology, this will form a certain technical barrier, which is not conducive to quickly gaining a user base. There is also the risk of being surpassed by competing products.
4. Limited profit model
Existing Bots mainly earn money by collecting service fees or providing paid services, and the income space is limited. If a better means of commercialization cannot be found, the continuous operation of the project will also face challenges.
5. Legal regulatory risk
Telegram Bot directly participates in capital transactions, and there is a risk of being regarded as a securities transaction. If it encounters supervision, it may have a greater impact on the project.
