Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
The bot is expected to increase demand for FLOKI tokens and contribute to buying pressure with a 1% fee on transactions, half of which will be used to buy FLOKI on the open market.
The Telegram-based bot will initially be available to a small number of users during a beta testing period to find and resolve any technical bugs. Developer B said public availability is expected in “mid-June.” The bot charges a 1% fee on every transaction and 50% of the collected fees will be used to buy FLOKI on the open market, contributing to buying pressure.
Telegram-based trading bots started to gain popularity in early 2023 with the launch of Unibot. These bots allow users to punt on tokens as easily as they can chat to each other on the messaging app.
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