Trading robots are a track and tool that emerged suddenly some time ago. Carrying it does not mean it is a completely new thing. Many people who read this article may have experienced trading robots before. If you haven't experienced it, it's okay. After reading this article, you will have a general understanding of it.
To be precise, it should be TG BOT. It is a trading robot "plug-in" based on the Telegram social application that meets trading needs. Compared to traditional on-chain ecosystems, it is undoubtedly more lightweight. As a relatively new track for the market, it is also easy to attract widespread attention and "FOMO" in the market.
#DeFiChallenge #CryptoTradingBots Currently, many derivative robots have appeared on the market, and the scenarios are no longer limited to the Telegram application, but are spreading to X (formerly Twitter) and Discord.
As early as 2021, I experienced this type of robot application, which was launched as a feature by a certain exchange to promote user stickiness by sending red envelopes between communities.
I never thought that two years later, at the end of the bear market, this concept would be brought up to hype, and even occupy a considerable influence in the market~
1.How do I view this track?
Lowering the threshold for users to participate in trading in the web3 world and meeting the needs of the general public is a necessary condition for a phenomenal product.
TG BOT undoubtedly meets this point, but I am more willing to attribute its outbreak to [accidental factors]. Even many concept explosions in the market have a high degree of contingency.
I don't want to delve into whether there are masters or market manipulators behind it, but as a user who experienced this type of product two years ago, it really feels absurd.
So much so that some people who were not familiar with this project model before may find it particularly novel~
The competitive advantage of this model is actually [lightweight], and this lightweight is based on DEX. It can further reduce the user's threshold for use, and it is still the interaction between smart contracts and blockchain behind it. At the same time, it drives the transaction activity on the chain through integration.
2.I see its competitiveness
But this model also has a problem: the moat is not deep enough. Simply put, the model is very easy to replicate and there are no technical barriers. That's why I feel a sense of "absurdity" about it.
Take the leading project UniBot as an example. It can almost be said to be a DEX aggregator, just implanting its functions into social scenarios. For UniBot, its competitive advantage may only be the [first-mover advantage], because the concept explosion is closely related to it. Even now, when people mention TG BOT in the market, they can only temporarily think of UniBot, which is a very ingrained and dominant situation.
Therefore, even if it may not be the first project to create this model, it still does not affect its image as a leading player in the industry. It's like many people in the market don't know that BTC was not actually the first cryptocurrency, but this does not prevent BTC from being called the [ancestor of cryptocurrency].
3.I see the future of models
I want to briefly summarize my understanding of the UniBot project, at least in two sentences:
(1) Providing users with a smooth user experience in TG applications.(2) A "DEX" mini-program for social applications.
These two sentences almost summarize the underlying logic of UniBot and similar competitors. Of course, there are still many TG BOTs on the market that meet other needs~
Therefore, we can boldly imagine and speculate, what will be the future development direction of this concept or track? Is satisfying trading needs the only way for this project?
It can be said that the TG BOT track belongs to both DeFi and
#SocialFi , and the emergence of diversified BOTs will make this track more inclined towards SocialFi.
After all, if there is no social scene, there will be no corresponding demand. Basically, this track was established based on social scenes.
After all, for smooth trading needs, not to mention DEX, current mainstream centralized exchanges can also achieve this. But what exchanges cannot achieve is satisfying trading needs in social scenarios.
In addition, I need to add that exchanges can also implant this function into social scenarios. It's just that I rarely see mainstream exchanges doing this, or maybe I haven't come across it. As I said earlier, I used TG BOT two years ago, which was a function launched by a small exchange~
Finally, I don't know where the future of TG BOT will go, or whether it can continue. But what I can be sure of is that if this track continues to develop, it will definitely not be as simple as satisfying trading needs in social scenarios.
Demands such as games and quizzes that can appear in social scenarios will also flourish in the TG BOT track!