The recent addition of Runes tokens on cryptocurrency exchanges, spearheaded by Gate.io, has triggered a frenzy among investors and traders. Jason, the founder of Sora Ventures, outlines listing conditions. On the other hand, Bitbot cryptocurrency ICO has surged to stage 11 with a price tag of $0.0163, offering investors a potential 22.70% profit window before the coin enters exchanges.
Introduction of Bitcoin Runes Fungible Token Standard
The debut of Bitcoin’s latest Runes fungible token standard coincided with the quadrennial halving event, spurring immediate demand and propelling network fees to unprecedented levels. In addition, Magic Eden, a leading player in the NFT marketplace, promptly introduced a platform for Bitcoin Runes. However, This platform enables users to seamlessly transfer BTC and obtain Runes and Ordinals directly using their Magic Eden wallet.
Despite being scheduled for release on April 23, 2024, the platform was rolled out earlier than expected, showcasing the high anticipation and demand for Runes tokens among cryptocurrency enthusiasts.
Gate is not the only exchange that will list runes. Several top exchanges have also reached out to me on how to get involve. A few things they will need to adjust:
1. No more usdt/usdc listing fees, or take tokens if there is pre-mint as “deposit”.
2. Work with MM that are…
— Jason Fang ᛤ (@JasonSoraVC) April 23, 2024
The rush to launch Runes tokens following the protocol’s activation significantly contributed to a surge in Bitcoin network fees, reaching millions of dollars in the initial post-halving blocks.
Market Response and Consequences of Runes Listing
The inclusion of Runes tokens on various exchanges and the introduction of the Bitcoin Runes fungible token standard have sparked significant market activity and interest. Moreover, Investors and traders are closely monitoring the evolution of Runes tokens, anticipating potential price movements and market trends.
The Runes ecosystem presents ample opportunities for innovation and expansion. Magic Eden’s platform offers a user-friendly experience, allowing individuals to engage seamlessly with Runes tokens. However, the swift adoption of Runes tokens also poses challenges, including heightened network fees and the necessity for exchanges to adjust to the unique characteristics of the Runes community.
Bitbot Unique Value Proposition
In the realm of Telegram trading bots, Bitbot distinguishes itself with a non-custodial framework, ensuring top-notch security and user control. In addition, Partnering strategically with Knightsafe, Bitbot sets itself apart by empowering users with complete asset commands.
Bitbot tackles security challenges head-on by deploying advanced anti-MEV and anti-rug pull technologies, safeguarding users’ investments. Notably, Bitbot’s team has committed to a 12-month token emission plan, preventing sudden token floods that could disrupt markets or devalue tokens.
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Bitbot represents a groundbreaking advancement in Telegram bots by seamlessly integrating with self-custodial wallets, blending robust security with cutting-edge trading tools in a streamlined and intuitive interface. It transcends typical trading bots, setting a new standard in automated trading prowess. With our features, you can surpass the strategies of even the most complex institutional traders.
Beyond Security with Bitbot
Bitbot leverages AI-driven tools like the Gem Scanner, revolutionizing market insights. This innovative scanner employs data aggregation, machine learning, and natural language processing, enabling users to interact seamlessly with the bot and access valuable investment insights. The Gem Scanner also ranks tokens based on their “degen score,” aiding users in discovering promising investment opportunities.
Bitbot enriches the trading experience with community-centric perks, such as a generous referral program offering a 15% lifetime commission on referred trades. Additionally, Bitbot introduces a groundbreaking revenue-sharing model, channeling up to 50% of daily trading fees back to token holders. On the other hand, transparency and community engagement are paramount for Bitbot, reflected in regular AMAs featuring product lead Andrew Jacobs and consistent project updates on their Medium blog. These initiatives aim to foster a loyal and engaged community, crucial for sustaining demand and driving potential token value appreciation.
