Telegram Bots upgrade again, how does MUFEX Game Bot attract traditional users through gamified trading experience?

The Telegram Bot track is rapidly rising in the cryptocurrency field.

According to data from CoinGecko, the overall market capitalization of the Telegram Bot track has reached $260 million, with a 24-hour trading volume nearing $20 million. Although the market share of Telegram Bots in the entire cryptocurrency space is not large, it is noteworthy that this track has achieved several times growth in just the past two months, demonstrating strong explosive potential.

In addition to the surge in trading volume, tokens related to the Telegram Bot track have also experienced explosive growth. Taking the leading project Uni Bot as an example, the price of this token has increased by 300% in the past 30 days, currently priced around $190; another representative project, MEVFree, has seen an astonishing increase of 30,000%. Although it has slightly retraced, it still remains at a high level.

Price trend of MEVFree

What is a Telegram Bot?

A Telegram Bot originally refers to a "robot" that can automate various tasks within Telegram, such as sending weather forecasts, scraping news summaries, and engaging in complex interactive conversations. These feature-rich Bots have made Telegram very popular among users. According to Statista, Telegram has over 800 million monthly active users, with daily new user growth maintaining above 2.5 million, making it one of the most popular communication tools globally.

With the popularity of digital currencies and blockchain technology, some Telegram Bots focused on DeFi services have gradually emerged, becoming an emerging force in the cryptocurrency field that cannot be ignored.

In the cryptocurrency and DeFi space, Telegram Bots specifically refer to robots that provide various DeFi trading tools on Telegram.

These bots offer users a convenient interface, allowing them to perform various DeFi-related operations directly on the Telegram platform. Users only need to input their wallet's mnemonic phrase to execute various commands through these bots, such as token swaps, copy trading, market analysis, and more.

The main functions of crypto Telegram Bots include:

• Token swapping: Users can swap tokens across different DeFi platforms through the bots;
• Copy trading: Users can set the bots to automatically follow the trading strategies of other successful traders;
• Market analysis: Bots can provide users with real-time market analysis and predictions;
• Automatic airdrop claiming: Some bots also offer automatic airdrop claiming features, helping users obtain free tokens;
• Other functions: Analyzing on-chain behavior or tracking whale wallets, etc.

Why can the Telegram Bot track explode?

The emergence of Telegram Bots allows users to easily engage in DeFi trading on Telegram without having to access complex trading platforms or use specialized applications.

Bobby Ong, co-founder of CoinGecko, believes that one of the biggest pain points in cryptocurrency is the difficulty of using wallets and interacting with DeFi protocols, and Telegram Bots precisely address this issue. Therefore, Telegram Bots have the opportunity to become the traffic entry point for the next wave of billions of users entering the crypto world.

This is the main reason why Telegram Bots can explode.

In addition, for example:

• Telegram itself has 800 million monthly active users, which includes a large number of cryptocurrency users, providing a vast potential user base for Bots;
• Bots can automatically handle market analysis and trade execution, saving users a lot of time, which not only improves trading efficiency but also allows users more time for other activities or optimizing trading strategies;
• Bots conduct automated trading based on preset strategies, eliminating the interference of human emotions. This objectivity also helps users avoid potential losses caused by emotional decision-making.

These factors are also important reasons for the strong performance of Telegram Bots this time.

However, Telegram Bots are still in the early stages, and their functions are not yet fully developed. There are still gaps in some areas, such as contract trading, strategy trading, AI trading, mining finance, non-custodial wallets, and gamification of trading. These are common use cases for crypto users, and the current Telegram Bots have not fully covered them, so the market potential in these areas remains to be explored.

Of course, the risks of Telegram Bots should not be overlooked either, such as the most important private key security issue. Whether users create a new wallet or import the private key of an existing wallet, the Bot can gain access to their wallet permissions. If a hacker attack occurs, it could result in the loss of all funds. Additionally, most Bots' code is not open-source and has not been audited, and their operational methods are not transparent, which increases the potential risks for users when using them.

MUFEX Game Bot

MUFEX Game Bot is an innovative SHIB contract trading game Telegram Bot launched by the decentralized trading platform MUFEX. It cleverly combines the strategic nature of contract trading with the fun of gaming, providing users with a brand-new Bots interaction experience.

As a product developed by a team focused on user experience, MUFEX Game Bot allows users to generate a decentralized contract wallet address simply by registering through Telegram. It continues MUFEX's commitment to an exceptional user experience, ensuring the security of decentralized wallets while perfectly retaining Web2 usage habits.

In terms of trading experience, the Bot defaults to 100x leverage, allowing users to quickly assess the trend of a Token and execute trades. The Bot can complete trading operations within milliseconds and perform profit and loss calculations within seconds, ensuring a smooth trading experience for users.

Additionally, MUFEX Game Bot incorporates many Game Fi elements to make the product more attractive. Users can log in daily to receive multiple game vouchers worth 1 USDT for free, and inviting friends or completing specific tasks can earn them more game vouchers. These game vouchers not only provide users with a free gaming experience but also create real profit opportunities for them. Users can also complete various tasks to obtain treasure chests, and unlocking these chests can yield USDT, cash prizes from the platform's prize pool, and possibly MUFEX NFT redemption vouchers, MUFEX platform points, etc. MUFEX will also introduce more empowering features in future designs.

MUFEX Game BOT is the first product in the MUFEX Bot product line. In the future, MUFEX plans to launch several feature-rich Bots, including real-time tracking of "smart money" trades and enhanced contract trading features that combine on-chain and social media information, aiming to provide users with a more efficient and flexible trading and fund management experience.

It can be said that MUFEX Bot perfectly integrates DeFi, Game Fi, and social elements, providing users with a gaming platform that is both fun and capable of generating real profits. Moreover, for traditional users, the zero-threshold entry method and gamified interaction experience allow MUFEX Game Bot to stand out among competitors, becoming the first stop for Telegram's 800 million users to experience DEX.

The Future of Telegram Bots

The Telegram Bot track is undoubtedly the biggest highlight in the current market. By integrating automated crypto trading services into traditional social platforms, it not only enhances the trading experience for crypto investors but also opens the door to the crypto world for traditional investors outside the circle. Telegram Bots will be one of the largest traffic entry points in the future crypto world.

However, the Telegram Bot track is not without risks. From technical security to market volatility, users need to be aware of and prepare for potential risks while enjoying convenience and profits. But with continuous technological advancements, the value and potential of this track will only become more apparent, and projects like MUFEX Bot will continue to increase, bringing more fun and value to users.