Press Release
PintSwap Telegram Bot: A Game-Changer for Tax-Free and Slippage-Free Trading
In the ever-evolving and relentless world of crypto, where innovation is the constant heartbeat, a peculiar and potent force has been gaining popularity: Telegram bots.
Over recent months, Telegram bots have carved out a significant niche within the crypto community as they exceeded US$190M in volume in July 2023, according to the Binance Research. Their appeal is straightforward and powerful: users can easily execute crypto activities, from trading and sniping to airdrop farming, all from the palm of their hand.
It’s a convenient and accessible revolution that has been reshaping the crypto landscape. While the ascent of Telegram bots has undeniably enhanced the crypto user experience, it is not without its own set of challenges.
Telegram bots typically employ 2 common revenue streams. Firstly, they often levy a fee on users for executing trades through their bots. Secondly, they impose taxes on transactions involving the bots’ native tokens. The latter approach can be viewed as more contentious, as it places an additional financial burden on users, sometimes upward of 5% per trade.
The reason why most of these protocols implement this tax revenue stream is because of how substantial it is. For instance, consider Unibot, which, as of the time of writing this article, has amassed a lifetime revenue of 8,863 ETH in fees. Interestingly, 80% of this sum (7,066 ETH) can be attributed to Unibot’s tax revenue stream, according to the Dune dashboard by whale_hunter.
Some might argue that the buy and sell taxes can be mitigated by engaging in an Over-the-counter (OTC) trade. In order to participate in an OTC trade, an OTC desk is often mediating these types of transactions. An issue arises when OTC desks do not support the majority of the coins that users would like to trade, especially the ones with lower market capitalizations.
In this situation, another option is to make use of a so-called Escrow service, which comes with its own set of risks, both permissioned and third-party risk. Too often, OTC deals via Escrow service still go wrong these days.
Within the landscape of Telegram bots and their intricate revenue mechanisms, a promising solution takes shape in the form of PintSwap. This innovative protocol sets its sights on addressing the challenges that traditionally come with Telegram bots and OTC desks.
PintSwap is a Decentralized Exchange (DEX) protocol that employs a hybrid OTC/Order book model, with a Telegram bot feature as one of its integral components. It proudly positions itself as a truly permissionless platform, granting users the freedom to engage in OTC trades for any ERC-20 token of their choice.
These transactions can seamlessly harness the power of PintSwap’s Telegram bot, all while the underlying PintSwap protocol operates discreetly in the background, emphasizing its commitment to enhancing the user experience. Moreover, users will find solace in the fact that they need not grapple with buy and sell taxes on their token transactions, only a nominal 1% trading fee.
As the crypto landscape continues to evolve, it is essential to embrace innovative solutions like PintSwap.Telegram bots have come a long way, and with protocols like PintSwap leading the charge, the future of crypto holds the promise of enhanced accessibility, convenience, and user empowerment. It’s worth noting that PintSwap is on the brink of its Token Generation Event (TGE).
The journey is far from over, and as we move forward, let’s keep a watchful eye on the ever-thriving crypto ecosystem for more groundbreaking developments and user-centric solutions.
Twitter – https://twitter.com/pintswap0x
Website – https://pintswap.exchange
Discord – http://discord.gg/pintswap
Litepaper – https://iron.pyrosec.gg/pintswap-litepaper.pdf
The world of lottery just got an upgrade and it is global, secure, and powered by the future of finance: Bitcoin.
In this article, we dive into the exciting world of Bitcoin Lottery which offers a seamless and transparent experience. We will break down what Bitcoin lotteries are, how they work, and what sets them apart from your conventional lottery system.
What is a Bitcoin Lottery?
Bitcoin lotteries work like traditional lotteries but with a modern digital spin. Instead of using fiat currency, participants use cryptocurrencies like Bitcoin.
Here’s how it works: you buy a lottery ticket with cryptocurrency, choose your numbers, and wait for the draw. If your numbers match the drawn numbers, you win a prize – paid out in Bitcoin or other chosen cryptocurrencies.
What Makes Bitcoin Lottery Games Stand Out?
Here are the features that make Bitcoin lottery games a top choice for players.
- Transparency and Fairness: One of the biggest advantages of the Bitcoin lottery is the use of blockchain technology. Blockchain ensures that every transaction and draw is recorded on a decentralized ledger that’s accessible to all players. This transparency eliminates worries about rigged results as players can verify each draw independently.
- Security: Using cryptographic algorithms, Bitcoin lottery games offer extra security. The decentralized nature of blockchain means malicious actors can’t manipulate the results of the draws.
- Global Accessibility: Unlike traditional lotteries which are limited by geographical boundaries, crypto lotteries are accessible from anywhere in the world. As long as you have an internet connection and a digital wallet, you can play. This global reach increases the player base and potentially the prize pool.
Regular Lotteries vs. Bitcoin Lotteries: A Comparison
1. The most obvious distinction is the utilized currency. Ordinary lotteries utilize fiat currency like dollars or euros, whereas a Bitcoin lottery uses Bitcoin or other cryptocurrencies.
2. Transactions in Bitcoin lotteries are faster and may have lower fees than buying traditional lottery tickets. This is so because Bitcoin transactions eliminate intermediaries like banks, therefore lowering the delays and expenses related to bank fees and currency exchanges.
3. Prizes in Bitcoin lotteries are in BTC or other cryptocurrencies which can be attractive because of the potential for value growth. Certain Bitcoin lotteries also provide quick payouts, hence improving the convenience for the winners.
4. Bitcoin lotteries usually employ “provably fair” algorithms. Unlike other lotteries, this system lets players use cryptographic techniques to confirm the fairness of the draw outcomes.
Why should one try a Bitcoin Lottery?
Apart from the thrill of maybe winning large, crypto lotteries provide several special benefits:
• Safe and open: You can verify every single draw and transaction.
• There are no geographical restrictions; play wherever on the planet.
• Cut expenses by means of lower transaction fees.
• Instant Payouts: Get your winnings easily and quickly.
Bottom Line
With improved security, transparency, and worldwide accessibility, a Bitcoin lottery presents a fascinating and creative variation of the classic lottery.
These lotteries are a reliable choice for gamers all around as they guarantee fair and clear results by integrating blockchain technology. Regardless of your experience level, Bitcoin lottery games provide a modern way to try your luck and potentially win big.
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