RoboFi Review – The Best Crypto Trading Bots Marketplace

RoboFi Review – The Best Crypto Trading Bots Marketplace

Are you interested in entering the multi-billion dollar cryptocurrency market, but have no prior experience? If this is the case, a crypto bot may be worth investigating. You won’t have to spend time in front of a computer to buy and trade digital currencies. As an alternative, the bot will work on its own, according to predetermined criteria. You’ll be able to know more after reading this review on one of the best crypto trading bots. 

RoboFi, is usually thought to be one of the most trustworthy crypto trading bot platforms in the industry. Let’s acquire a general idea of what RoboFi is first.

What is RoboFi? An Introduction

RoboFi (www.robofi.io) is a DeFi platform that envisions a marketplace for revolutionary Dao crypto trading bots. RoboFi is a decentralized financial infrastructure. In order to achieve consensus between bot authors and users in an ecosystem that supports reciprocal financial growth and innovation, RoboFi intends to make use of blockchain technology to the fullest extent possible. 

The lack of a platform that allows bot authors to easily share their bots with their potential consumers has been recognized by RoboFi over the last 12 months, according to research. The goal is to make it as simple as possible for bot makers to sell and raise revenue for their bots, as well as for the users to have a platform that provides bots with reliable performance and security on a consistent basis. 

Accordingly, RoboFi began working on a project that would facilitate the adoption of trustless interactions between bot producers and their customers. Users will be able to keep their bot tokens in RoboFi’s non-custody wallet as well as harvest their bot tokens in order to benefit from the yield generated by the bots, which will be available for use in the marketplace. For example, one of the breakthroughs in this project is that it will implement an IBO (Initial Bot Offering) mechanism, which will allow for the harvesting of incentives received by bots while holding bot tokens.

VICS is now traded on the DEX Pancakeswap, as well as the CEXs Bit.com, Hotbit, and Mexc Global. The Robofi project raised over $ 12 million in public and private VICS sales rounds, and the TVL volume since the main network started on February 28 has exceeded $ 2.2 million.

RoboFi Automated Trading – How does it Work?

To begin, it is critical that you understand how a semi-automated trading bot works. This is because newcomers frequently believe that they can just release the bot into the wild, resulting in unanticipated earnings along the road. This is the polar opposite of the truth.

Rather than that, automated bots operate exactly as intended. As such, the method is mostly intended for those of you who wish to implement your established trading techniques autonomously.

Using an automated trading bot will also help you avoid the emotional waves of market instability. Too many traders place foolish orders during a market swing, resulting in long-term losses. Bots, on the other hand, are simply programmed to follow your commands and are thus unaffected by the cryptocurrency trading rollercoaster.

RoboFi Ecosystem – In-Depth Look

If you’re interested in using RoboFi to aid your automated trading needs, we’ve included a list of some of the ecosystem’s key features below.

• DABots Decentralized Autonomous Bots, which use the DAO principle in blockchain technology, are computer programs that can trade and make money. DABots can be CEX DABots, DEX DABots, or Farming DABots. They can trade on centralized exchanges, decentralized exchanges, or farms (yield farming with liquidity pools).
• RoboFi Wallet A decentralized hierarchical deterministic (HD) wallet that generates key pairs (public and private keys) for several coins using a single random mnemonic phase. The wallet owner knows the mnemonic phrase. If a user forgets this phrase, they lose their asset.
• RoboFi Store is a space where all bots in the ecosystem may be listed and regulated.. This component also helps bot creators to manage their bots through different phases of the Bot Life Cycle.
• RoboFi Treasury is a bridge to sToken for popular crypto-assets. sToken is a crypto asset replica that can be kept in RoboFi Wallet. Users convert crypto assets (ETH, BTC, USDT…) to sTokens. The ratio is always 1:1. Convert 1 ETH to 1 sETH, 100 USDT to 100 sUSDT, etc. The sTokens are staked into CEX DABots. Users can exchange sTokens for crypto assets at RoboFi Treasury at any time (e.g., convert 1 sETH to get back 1ETH).

The following components are under construction:

• RoboFi Exchange is a marketplace for bot tokens. Users can own bot G- or C-tokens for staking or IBO. He/she can then use RoboFiWallet to gather prizes. However, the overall supply of bot tokens is restricted. If all bot tokens are sold out, great bots’ tokens may not be available to everyone. That person may go to RoboFiExchange and sell bot tokens to other users for a profit.
• RoboFi Lending is a decentralized lending platform that enables individuals who are not crypto-savvy to join their preferred DABots groups. Each DABot only accepts particular crypto assets (BUSD, BNB). Some users may lack these assets, but (e.g., WETH). They don’t want BUSD or BNB. So they could bet WETH to borrow BUSD and BNB. Usually, loaned assets are worth less than collateral. This is to ensure repayment ability. For example, a $100 collateral deposit could only be used to borrow $70. The system’s tight integration allows borrowers to borrow more than their collateral’s value, allowing for leveraged lending. Leveraged lending allows users to gain more (and risk more) while protecting lenders’ funds.
• RoboFi Earn is designed for investors who want a steady income regardless of market fluctuations. Because the market is turbulent, DABots dealing on CEX or DEX may have to cut losses to protect the entire crypto portfolio. Bot revenues or losses will be represented in positive or negative staking incentives. It also means that users who staked in DABots may lose money. The RoboFi Earn works like a bank saving interest. Users could deposit crypto assets and get a steady income without danger.

What is Bot Life Cycle and Initial Bot Offering?

Bot Life Cycle describes the three phases that DABots go through during their lives. These phases are as follows:

Bot Genesis: (alternatively referred to as “Pre-IBO”) refers to the phase in which DABots are produced in the RoboFi Ecosystem. VICS is a “must-have” for bot creators when it comes to creating new bots. Bots’ smart contracts are auto-generated by RoboFi. In this phase:

• The creators of bots can establish the bot’s initial settings and parameters.
• A bot creator must deposit VICS in order to obtain the G-token for his newly created DABot.
• RoboFi will auto-create a set of smart contracts for the new DABot based on parameters and settings that were defined by bot creators.
• At this phase, DABots are not having any funds to trade yet. Bots need to wait for the next phase (IBO) to be able to raise initial funds.

DABots in the “Pre-IBO” phase is denoted with the tag IBO START [countdown-timer] in RoboFi Store. All users can explore and search for new DABots (together with their smart contracts), as well as choose outstanding DABots that will be ready for IBO in the upcoming phase.

Initial Bot Offering (IBO): this is the phase to offer bot tokens (C-token and G-token) to the community, and raise an initial fund for bots. In this phase:

• The bot’s objective is to raise an initial capitalization for trading activities. The name of this initial fund is IBO CAP.
• Any early-bird user can stake crypto assets and so become “pioneer stake users,” contributing to the IBO CAP of the bots. These users receive C-tokens (in exchange for their staking) and then have the option of purchasing bot G-tokens at the IBO price (which is also the cheapest price if compared to the regular price after IBO). VICS is required in order to purchase G-token.
• Because of the requirement to raise initial funds, any user who does not stake bots in the IBO phase will not be able to buy the bot’s G-token. If a user only wants to buy G-token but not a stake, he/she is advised to buy G-token after the IBO phase.
• Bots are raising initial funds, hence bots do not distribute rewards in this phase. Bots will start to distribute rewards in the “After-IBO” phase.

DABots “In-IBO” phase is denoted with the tag IBO END [countdown-timer] in RoboFi Store.

At the end of the IBO phase, bots already have some funds to start trading. This fund could reach the IBO CAP in the best case. Bots will move to the “After IBO” phase to continue to receive more stakings from users until bots reach the MAX CAP.

After IBO: is the phase in which DABots will accept further stakes until the MAX CAP is met. MAX CAP is the maximum amount of crypto assets that a bot wants to manage.

• Any user can stake crypto assets. When MAX CAP is achieved (i.e., no additional stakes are accepted), staking will be paused and resumed if some users unstake (withdraw staked assets).
• Any user can buy G-tokens (if not sold out) at the Regular price (higher price than IBO price) plus a commission fee.
• As a result, DABots anticipate having a larger fund to trade in order to create earnings during this phase.
• In the “After IBO” phase, DABots will give rewards to all participating users (“stake users,” “governance users,” and bot makers.

DABots in the “After IBO” phase is denoted as BOT ACTIVE in RoboFi Store

The Bottom Line

The most appealing aspect of the platform is that it is appropriate for users of all skill levels. For example, if you have no prior trading knowledge but yet want to make use of automated trading tactics, RoboFi is an excellent choice.

For those who are extremely experienced investors seeking a solution to automate their proven trading tactics on a continuous, round-the-clock basis, RoboFi is also an excellent option.

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.

Official Link

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