The developers of #memecoin Floki have launched a Trading Bot on #Telegram. with the aim of increasing demand for $FLOKI tokens to help increase prices in the future.

Memecoin developers Floki have introduced a trading bot tool that allows FLOKI holders to trade any token on the #BNB Chain network.

The Telegram-based bot was initially made available to a small number of users during a beta testing period to find and fix any technical bugs. It will later be expanded to #Ethereum and other blockchains such as Base. The developers expect this service to increase demand for FLOKI tokens, because users will need to hold this coin to use the bot.

The bot will charge a 1% fee for each transaction, and 50% of the collected fees will be used to buy FLOKI on the open market, contributing to buying pressure.

This product is the latest in the series of utility tools and metaverse that make up the Floki ecosystem.

The FLOKI token was initially launched in 2021 as a Shiba Inu dog breed-themed meme coin. It has since rebranded as a utility token used to operate Floki-based protocols and products.

Telegram-based trading bots started gaining popularity in early 2023 with the launch of Unibot. These bots allow users to trade tokens as easily as they can chat with each other on a messaging app.

The appeal of such products is probably due to their ease of use compared to a decentralized exchange like Uniswap, where users have to constantly log into the wallet, cross-checking that all token information is available. accurate or not, and encounter high fees to ensure their transactions are carried out successfully.

Meme coin projects such as Bonk (BONK) on Solana have also previously launched their own trading bots, and these bots have received a strong response from the community. For example, Bonk's BonkBot accounted for 70% of all transactions on Solana's chain at one point, contributing to more than $1 million in monthly BONK buying pressure.

Chart FLOKI

Currently, Floki has been trading at 0.00027 with a market capitalization of 2.5B USD.