Unibot Drives Token Value Higher by Distributing 80% of Solana-based UNISOL to UNIBOT Holders

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By BitcoinWiki News

Key Takeaways:

– Unibot has announced the issuance of a native Solana ecosystem token, UNISOL
– UNISOL is intended to accrue value back to the holders of the original Ethereum-based UNIBOT tokens
– Unibot is a trading tool built within Telegram for on-chain token trading activities on Uniswap
– Developers reassured the community that UNISOL could enhance UNIBOT’s value accrual
– Revenue-sharing mechanism for protocol-generated income by @UnibotOnSolana, splitting it 50/50 between two pools
– UNIBOT holders are slated to receive approximately 80% of the UNISOL supply through a snapshot and claim mechanism
– Unibot facilitates user wallets’ connection to the decentralized exchange Uniswap
– Unibot charges transaction fees ranging from 0.5% to 1.5% for each transaction
– Unibot has attracted over 20,000 users, generating more than $130 million in total volume
– User base has steadily increased, reaching 41,000 on Monday
– Application’s revenue model revolves around bot trading fees and the trading tax of its native token, UNIBOT
– Revenues generated by Unibot are shared with token holders who possess at least 10 UNIBOT
– Token holders have received over 4,496 ETH in total rewards
– Unibot’s strategic expansion to the Solana blockchain comes amid a booming period for blockchain trading
– Unibot’s move to Solana aims to capitalize on the blockchain’s increasing popularity among traders
– Unibot facilitated over $8 million in daily trading volume through its Telegram interface during its peak in August
– Unibot’s eponymous token has surged 85% over the past month


I. Introduction
Unibot, a trading application built within Telegram, recently announced the issuance of a native Solana ecosystem token called UNISOL. This move caused a stir in the market and triggered volatile price action, initially meeting criticism from long-time UNIBOT holders. However, developers reassured the community that the introduction of UNISOL could enhance UNIBOT’s value accrual, potentially alleviating recent losses as traders factored in new information.

II. Platform Features and Revenue Model
Unibot offers features like token swapping, copy trading, limit orders, privacy trading, and real-time alerts for new Ethereum tokens. The platform charges transaction fees ranging from 0.5% to 1.5% for each transaction and generates revenue through bot trading fees and the trading tax of its native token, UNIBOT. Token holders have received over 4,496 ETH in total rewards, valued at over $11.3 million at current prices.

III. UNIBOT Expansion and User Base
Unibot expanded its operations to the Solana ecosystem in late December. Since its launch in early January, it has attracted over 20,000 users, generating more than $130 million in total volume. The platform’s user base has steadily increased, reaching 41,000 on Monday, up from just over 2,000 at the end of June. Unibot generated $74,000 in fees across Solana and Ethereum on Sunday, with average daily volumes exceeding $5.5 million.

IV. UNISOL and Revenue-Sharing Mechanism
UNISOL aims to boost revenues amid a shift in meme coin trading activity. The revenue-sharing mechanism for protocol-generated income will benefit holders of UNIBOT on Ethereum and UNISOL on Solana. UNIBOT holders are slated to receive approximately 80% of the UNISOL supply through a snapshot and claim mechanism. Stakers can expect a 9.43% annual percentage rate (APR).

V. Future Outlook
Unibot’s strategic expansion to the Solana blockchain comes amid a booming period for blockchain trading. Popular trading bots are following the Solana trend to boost revenues, yielding positive results. Unibot’s eponymous token has surged 85% over the past month, trading around $94.

Overall, Unibot’s move to Solana and the introduction of UNISOL are aimed at revitalizing the platform and attracting new users, and the recent sell-off experienced by UNIBOT holders may be alleviated by the potential value accrual through this integration. Users can look forward to enhanced rewards, revenue-sharing opportunities, and a seamless interface for making token trades through the platform.

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