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.
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.
The following components are under construction:
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:
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:
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.
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.
RoboFi (www.robofi.io) 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.