- A trading robot was introduced by Floki on the BNB Chain network.
- With plans for both the Ethereum and Base blockchains, the robot is scheduled for public deployment in mid-June.
- From being a meme coin to a utility token, Floki has updated a lot.
Holders of FLOKI can trade on the BNB Chain network via the Floki Telegram trading bot. CoinDesk claims that 50% of transaction fees are used to purchase FLOKI, increasing the cryptocurrency’s value and demand.
A trading robot based on Telegram has been released by Floki creators, aimed at FLOKI holders. The bot charges a 1% transaction fee when using the BNB Chain network. It’s interesting to note that 50% of the fees will be used to purchase FLOKI from the open market.
A Novel Development in Telegram Trading Bots: Floki
The trading robot was first made available as a Beta test version to a select few users. Mid-June is when the developers plan for a public release. This service will soon be extended to the Base and Ethereum blockchains.
Any token can be traded on the BNB Chain network by FLOKI holders thanks to the trading robot tool. Since users can only use the bot if they have FLOKI tokens, the bot’s release is a part of a plan to raise demand for the coin.
Floki is a metaverse and a variety of utility tools provider that is still expanding its ecosystem. Floki began out as a meme coin centered around the Shiba Inu dog breed in 2021, but it has since changed its purpose and is now a utility token that powers Floki-based protocols and products.
Trading Bot’s Effect on FLOKI Token Demand
Trading bots on Telegram, such as Unibot, which debuted in early 2023, have become popular. One benefit of these bots is that, similar to messaging app chat, they make token trading straightforward and easy for consumers.
When compared to a decentralized exchange like Uniswap, these products are incredibly easy to use. Users stay away from having to repeatedly verify the details of their tokens, enter into their wallets, and pay expensive fees.
Prices for FLOKI have increased by 23% over the past day, which appears to be a positive response to the aforementioned happenings.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
