New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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1. Download and update the Gate APP to version v8.0.5
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Key new features and optimizations
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The bot in Telegram: Your comprehensive guide to understanding automated trading tools
Quick Introduction
What is a bot in Telegram? A smart trading tool integrated directly into the messaging app, allowing traders to execute complex trading strategies with the push of a button. Since its emergence, the volume of transactions completed through these tools has surpassed 283 million dollars, indicating a rapid adoption by the global community.
How do Telegram trading tools work?
Bots do not operate in isolation from the market; rather, they connect to various decentralized trading platforms and translate your commands into executable transactions. The idea is simple: instead of navigating between multiple interfaces and platforms, these tools simplify the entire process.
The basic setup process includes:
After that, enter the smart contract address of the desired token, and the bot takes care of the rest: processing the transaction, calculating the network fees, and speeding up the purchase.
Key features offered by the bot on Telegram
Instant Buy and Enhanced Sell
You can copy the contract address and paste it directly, and the bot executes the purchase quickly. Some tools provide instant updates on your profits or losses, and facilitate sales with pre-approved transactions.
Advanced Order Management
You can set stop-loss and take-profit orders, and the bot will execute them automatically when the target price is reached. This frees you from continuously monitoring the screen.
3. Protection from attacks and traps
Some bots are equipped with advanced detection systems:
Note: These systems are still under development and may not function at 100% efficiency in all cases.
4. Copying strategies of other traders
Enter the wallet addresses of skilled traders, and the bot will automatically copy their movements. But beware: past performance does not guarantee future profits, and insufficient liquidity may lead to slippage and increased costs.
5. Advanced Hunting
Multiple technologies for advanced users:
6. Collecting free distributions
Specialized bots allow for the creation of automated tasks to participate in Airdrop campaigns across different wallets, but beware of scams and fake offers.
Security Challenges to Be Aware Of
Custody Risk (
Connecting a wallet to the bot means giving the tool access to your private keys. The optimal solution: Create a separate new wallet for the bot, do not link your main wallet.
) vulnerabilities in smart contracts
Bots rely on interacting with contracts that may not have undergone comprehensive security audits. Weak code could expose you to theft.
technical complexity
For beginners, the interface may seem complicated. Tip:
Summary
Bots in Telegram are not a magic solution, but they are powerful tools when used wisely. They offer speed, convenience, and advanced features not found in traditional methods.
Our final advice:
Important Warning: This content is for general educational information only and is not financial advice. Consult a specialist before making any investment decisions. Digital assets carry high risks that may lead to a total loss of capital.