LootBot: The Telegram Bot that simplifies Airdrops

With the rapid development of the cryptocurrency market, Telegram Bots are becoming an emerging and popular field. Since July this year, a certain bot project has seen its price soar from $2.46 in May to $236.98 in August, an increase of nearly 100 times, attracting market attention to various bot projects.

Are these Bots a flash in the pan or a promising new track for the future? This article will introduce you to a tool Bot specifically designed for Airdrop tasks — LootBot.

Introduction to Telegram Bots

Telegram Bots are small applications that run on the platform, allowing users to interact with them through a flexible interface to complete various tasks or services. In the cryptocurrency industry, these types of bots are widely used, providing functionalities such as news push notifications, on-chain data analysis, trade execution, community management, gaming entertainment, and more, bringing convenience and value to users.

LootBot Overview

LootBot is a bot focused on executing potential Airdrop interactions, used on the Telegram platform. It serves as a simplified front end for multiple blockchains, enabling interactions through conversations and automating on-chain operations. LootBot can save users a significant amount of time and effort, and it is equipped with a witch prevention mechanism to achieve the goal of efficiently obtaining Airdrops.

Core Technology

1. Wallet deployment and network selection: Up to 10 wallets can be created for airdrop tasks, supporting multi-chain fund bridging.

2. Automated Airdrop: Automatically run airdrop task interactions based on recommendations and selected task routes, providing interaction data for the corresponding wallets.

3. Integrated Trading: The integrated trading feature allows direct trading of ERC-20 tokens on LootBot.

4. Anti-Witch Detection: Provide different planning routes to simulate real on-chain interactions and increase the chances of qualifying for an Airdrop.

The problem solved

• Simplify complicated and repetitive Airdrop tasks
• Improve the potential for airdrop returns that are long-term and uncertain
• Reduce airdrop risks, including witch attacks and security vulnerabilities.

Business Model

LootBot generates revenue through subscription fees and transaction taxes, and issues the LOOT token as a platform token. Holding LOOT allows users to enjoy subscription discounts and participate in revenue sharing.

Earnings Mechanism:

• 75% of the subscription fee and 2% of the transaction tax are allocated to token holders.
• 33% allocated to users holding LOOT only
• 66.7% allocated to users holding both LOOT and XLOOT

The total supply of LOOT tokens is 10 million, allocated as follows:

• 50% sales to seed investors
• 40% for adding liquidity
• 5% allocated to the team
• 5% for exchange listing

Advantage

• Achieve a win-win situation for the platform and users
• Incentivize long-term holding and staking

Disadvantages

• Income may not be high enough or stable.
• The profit distribution cycle is relatively long.
• Token design may increase complexity

Application Scenarios

LootBot provides cryptocurrency users with a convenient tool for executing airdrop tasks, helping to save time and effort while improving task success rates and returns.

Advantages

• User-friendly interface
• Efficient automated execution
• Support multi-chain operations
• Has a witch prevention mechanism

Disadvantages

• Potential Security Risks
• Airdrop quality varies.
• There may be legal risks

Development Prospects

LootBot occupies a leading position in the Airdrop tool market, and its future development prospects are relatively optimistic.

Opportunity

• Airdrop market continues to grow
• Multi-chain ecosystem continues to expand
• Increase in platform token value

Challenge

• Need to strengthen security guarantees
• Improve the quality control of Airdrops
• Avoid potential legal risks