Cryptocurrency

Top 5 Telegram Crypto Bots

The advancement of blockchain technology is not limited to more investment and financial resources. The ecosystem is evolving at a rapid pace and is creating infrastructure to support this growth. One of the new trends that have emerged in the crypto market is crypto bots that help users engage with different projects with ease. 

A crypto Telegram bot is essentially a software program that helps users interact with the API of a project. One of the popular types of crypto Telegram bot is a trading bot that interacts with users’ trading accounts to automate the process of placing buy and sell orders for the trader. There are several Telegram crypto bots in the market. Let’s take a look at the top 5. 

Telegram Crypto Bots to look out for

Here are the most used and innovative Telegram crypto bots in the market.

Crypto Trades Today

  • CTT provides Binance and BitMEX signals and educational content on trading.
  • There are over 6K subscribers with approximately 7+ crypto signals per week
  • CTT is a unique group with a large team of traders that offers professional signals to help traders.

Telegram – https://t.me/cryptotradestoday 

AiravatBOT

  • A new crypto utility chatbot with plans to integrate the major crypto exchanges and services.
  • Integrated custodial cloud wallet, staking, and yield farming rewards. 
  • AiravatBOT is currently on testnet and will offer integrations to all Indra Capital and major third-party DeFi products out there. 

Telegram – @AiravatTestnetBot 

4C trading

  • A trading bot that issues signals for BitMex. 
  • 4C trading has over 8K subscribers and sends 0-3 signals per day.
  • The bot uses a more macro-focused approach and is geared toward trading off news. 

Telegram – https://t.me/Cryto4Ctraders4 

Yo Crypto

  • Yo Crypto is one of the largest trading bots with over 29K subscribers.
  • The trading bot issues 0-3 signals for BitMex per day. 
  • The trading bot aims to generate returns for its members consistently. 

Telegram – https://t.me/yocrypto_signal1 

WhaleTank

  • WhaleTank is another trading bot with a heavy focus on technical analysis and providing signals for Binance and BitMex.
  • The bot has over 21K subscribers and sends 0-3 signals per day.

Telegram – https://t.me/whaletank 

These are some of the top crypto Telegram bots in the market that you can subscribe to become familiar with the growing crypto industry. 

A Multi-Level Learning Center In Metaverse by Fidelity 

The major financial services firm, Fidelity Investments, has joined the Metaverse by opening an eight-story learning centre and a metaverse exchange-traded fund (ETF). The fidelity stack by a firm with $11.3 trillion in assets under the administration will have  “a multi-level design complete with a lobby, dance floor, and rooftop sky garden for users to explore on foot – or even through teleport.”

The Metaverse

On Thursday last week, Fidelity Investments announced the opening of “The Fidelity Stack”, which the firm referred to as the “first immersive metaverse experience aimed at offering a new way to learn investing basics.”

The eight-story building metaverse hosts visitors interested in learning about different ways of investment, with one whole floor dedicated to providing information about Fidelity Metaverse ETF. According to the company, 

“The Fidelity Stack, built in Decentraland, features a multi-level design complete with a lobby, dance floor, and rooftop sky garden for users to explore on foot – or even through teleport. In the Invest Quest at The Fidelity Stack, users are challenged to traverse the building learning the basics of ETF investing while gathering ‘orbs’ along the way.”

To open the lounge, Fidelity chose Decentraland, an Ethereum-based metaverse that the popular global investment bank JP Morgan also chose to explore. Fidelity’s Head of Marketing Channels and Emerging Platforms, Kathryn Condon, had some interesting thoughts,

“The way we engage with each other and with our money is rapidly changing, whether that’s through the rise of blockchain technology or development of a new digital universe. Our foray into the Metaverse is designed with this in mind.”

Only last month, Citibank predicted that the Metaverse would become a $13 trillion opportunity with over five billion users by 20230. However, with the current adoption rate and mainstream giants entering the virtual realm, this milestone can be achieved much earlier. The Metaverse offers a plethora of opportunities that are waiting to be explored. 

A New Stablecoin in town – USDD by Tron

Stablecoins have become growingly popular because of their resistance to crypto volatility. Several centralized institutions and MNCs are more friendly towards stablecoins than mainstream cryptocurrencies and aim to integrate them with their traditional financial services. 

Considering this widespread adoption, the number of stablecoins in the market has increased tremendously. Currently, stablecoins represent 10% of the total crypto market capitalization. In this already crowded market, a new player has entered the town called USDD, which is backed by Tron’s native token, TRX. 

USDD – Tron Network

Tron is a decentralized project and the world’s fastest-growing public chain that boasts over 88 million accounts and 3 billion transactions. The founder of Tron network, Justin Sun, recently announced that the project would launch a decentralized algo-stablecoin called USDD. This decision was outlined as an open letter to Tron DAO, and according to the reports, the launch will take place on May 5. 

“When USDD’s price is lower than 1 USD, users and arbitrageurs can send 1 USDD to the system and receive 1 USD worth of TRX. When USDD’s price is higher than 1 USD, users and arbitrageurs can send 1 USD worth of TRX to the decentralized system and receive 1 USDD.”

Sun

USDD will be backed by TRX, the native token of Tron that gained 8.7% after the announcement. Moreover, the token will represent an evolution from the previous Tether stablecoin that utilizes Omni and Tron networks, including Ethereum. 

It would be interesting to note how USDD will mark its position in the crowded and competitive stablecoin market where UST and Terra have already established a leadership position. However, USDD being an algo-stablecoin, already has an advantage. In algo-stablecoins, the supply and demand of the token are utilized to maintain the price stability of the token. 

Moreover, Tron DAO will manage the supply of the stablecoin by administering a reserve with a 30% interest rate. These attributes make USDD a strong contender prior to the launch. 

Terra and Frax Backed 4pool locks $31M on Fantom Network

4pool, a curve-based yield farm, is now live on the Fantom network ahead of its launch on the mainnet Ethereum. 4pool is one of the few yield pool projects that Frax has recently started supporting in its new initiative. 

The project comprises two decentralized stablecoins, FRAX by Frax and UST, along with two centralized stablecoins, USDT and USDC. 4pool aims to improve the utility of Terra’s UST stablecoin by partnering with Redacted Cartel, a tool for earning yields on locked tokens and the Frax network. 

According to the recent Curve data, 4pool on Fantom has locked up over $31 million in value after launching. Moreover, 4pool witnessed over $2.4 million in trading volume hours after launch. The pool is also paying out a daily yield of 0.5% after it was created using a governance vote on Curve. According to the data, the pool currently holds $9.7 million worth of FRAX tokens, $84 million worth of USDC, $4.9 million worth of Terra’s UST and $7.9 million in Tether USDT. 

Network operability of 4pool

4pool will initially test on Fantom and Arbitrum networks before launching on Ethereum. Regardless of the launch on Ethereum, 4pool aims to become one of the most liquid trading pools on Curve, the biggest decentralized finance platform on Ethereum, with $21+ billion in value locked. 

All the pools currently deployed on Curve are backed using centralized and decentralized stablecoins, wrapped tokens or using a basket of various assets. 4pool takes a unique approach by combining UST and FRAX, the two largest decentralized stablecoins with total backing of nearly $20 billion. Moreover, 4pool also relies on the two largest centralized stablecoins, USDT and USDC, with total backing of $133 billion, making it the most liquid decentralized pool in the entire crypto ecosystem. 

“FRAX and Terra look forward to supporting all the projects that use 4Pool for their stablecoin yield & liquidity needs,”

Sam Kazemian

Init Metaverse: DeFi Bytes by Blockchained India

The massive digital space that has opened up new exciting opportunities for various industry verticals has entered the physical realm. There are several exciting events being held around digital assets, blockchain technology, DeFi, NFTs, and more that allow enthusiasts to interact with like-minded individuals while growing exponentially. 

Blockchained India, a unique initiative that aims to educate Indians about the potential of blockchain technology is hosting an exciting DeFi Bytes event catering to the metaverse and growing DeFi space as a part of its Initialize Metaverse campaign. 

Initialize Metaverse is a six-month virtual conference that is being organized by the collaborative effort of Terra Luna and Draper Dragon Fund with the blockchain network Polygon as the ecosystem partners. The conference explores the expansive industry of DeFi, DAOs, NFTs, Identity Management, GameFi, and more with a special focus on their contribution to the metaverse. 

DeFi Bytes

DeFi Bytes is a meetup aimed at understanding the new trends in the DeFi space and how new users can participate in the new opportunities. 

The meeting is scheduled to be held on the 22nd of April, Friday, and here is the agenda for the meetup:

  • 5:00 – 5:10 pm: Welcome Session
  • 5:10 – 5:30 pm: Talk on “Importance of Governance Tokens in DeFi”
  • 5:30 – 6:00 pm: Panel on ” Borderless Finance: DeFi for the rest of the world”

The speakers for Borderless Finance: DeFi for the rest of the world panel, hosted by Raghav Bhel, ‘Crypto Guy’ are:

1. Tejas Chitnis, Co-Founder & CEO, Cryption Network

2. Sameep Singhania, Co-Founder, QuickSwap

3. Siddharth Patil, Co-Founder & COO, Comdex

4. Zhulin Chen, Co-Founder & CEO, RockX

  • The next panel is 6:00 – 6:30 pm: Panel on ” Why DeFi is a viable alternative to TradFi”. 

This panel is hosted by Sameer Malik, Partner, Chain Asses Capital, and will include:

1. Sanat Kanpur, Investment Analyst, Spartan Group

2. Amitej Gajjala, Founder & CEO, Stader Labs

3. Venkatesh Karanalu, Co-Founder & CEO, Pontoon Finance

4. Aanchal Thakur, Co-Founder & CEO, Spherium Finance

The last agenda on the meetup is 

  • 6:30 – 7:00 pm: Networking Session

Here is what Deepansh S, Co-Founder & COO of Polkadex has to say about the meetup, 

“As a truly cross-chain decentralized exchange with a focus on interoperability, Polkadex is designed to become the trading engine of the Web3 environment and an essential DeFi building block in the metaverse. We’re excited to sponsor Initialize Metaverse and  partner with the project to help bring together innovators who are working to enable mass adoption of Web3 in India and beyond.”

Deepansh S

The DeFi Bytes meetup is going to be an exciting event where the users can learn everything they need about the DeFi space. The event is free of cost and will be online. Moreover, the recording will also be shared on social channels.