How many types of DAO trading bots are in the RoboFi ecosystem?
RoboFi crypto trading bots, also known as decentralized autonomous organizations (DAOs), are a type of Decentralized Autonomous Organizations (DAOs) that is powered by smart contracts. Participants in a DABot can be either stakeholders or governance users.
Participants who deposit cryptocurrency assets into the bot to generate earnings are referred to as stake users. DABot governance users, on the other hand, are participants who purchase DABot governance shares to control various settings of DABots and earn a portion of the bots’ profits. Three types of DABots exist, each distinguished by the manner in which earnings are generated:
DEX DABots: Automated trading programs that trade on decentralized exchanges such as Uniswap, Sushiswap, and Pancake. DEX DABots accept staking of DEX-tradable tokens in exchange for a fee (such as ERC20 tokens on the Ethereum network, BEP20 tokens on the Binance Smart Chain network, and so on).
CEX DABots: Automated trading programs that trade on centralized cryptocurrency exchanges such as Binance, Kucoin, etc. Some of these bots also trade on the stock and foreign exchange markets. CEX DABots will only accept stakes with sTokens, which are mirror copies of crypto assets (for example, sUSDT is a mirror copy of USDT, sETH is a mirror copy of ETH, sBUSD is a mirror copy of BUSD, and so on).
Farming DABots: Farming to earn trading commission fees, DABots are bots that act as providers of liquidity pools on the AMM-DEX exchange. DABots can also generate income from yield farming in certain types of liquidity pools. Framing DABots accept the staking of tokens supported by liquidity pools as a form of compensation.
About RoboFi
RoboFi (https://robofi.io/home/) is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.
About VICS
VICS token has a distinctive and enticing concept. VICS is the BEP-20 token, built on the Binance smart chain. It is a core utility token in the RoboFi ecosystem, the reliable crypto trading bot marketplace. One important utility is to own the governance token of DABots and participate in an IBO (Initial Bot Offering) to receive additional incentives. VICS is available on major exchanges for trading.
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I'm Carina, a passionate crypto trader, analyst, and enthusiast. With years of experience in the thrilling world of cryptocurrency, I have dedicated my time to understanding the complexities and trends of this ever-evolving industry.
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