CLANKER tokenbot

Key Features of TokenBot

TokenBot is a social trading engine designed to help crypto traders build and manage communities within messaging apps like Telegram and Discord. Here are some of its main use cases:

• Automated Trade Sharing: TokenBot allows traders to broadcast their trades in real-time to their communities. This helps in creating a transparent and collaborative trading environment.
• Copy Trading: Users can automatically copy trades from experienced traders to their own crypto exchange accounts. This is facilitated by connecting API keys to TokenBot, which then mirrors trades seamlessly.
• Community Building: TokenBot enables traders to create and manage their own trading groups or channels. This fosters a community where traders can share insights, strategies, and trading knowledge.
• Multi-Exchange Support: TokenBot supports a wide range of centralized exchanges, including Binance, FTX, Bybit, Coinbase, Kraken, and BitMEX, with plans to expand to other exchanges like Gate.io, OKEX, and Huobi.
• Monetization: Traders can earn by sharing their trades. They can set subscription prices for their trading signals, and TokenBot takes a percentage of the subscription fee, ranging from 10% to 30%.
• Security: TokenBot emphasizes security by using hardware encryption and IP-restricted API keys to protect user data and prevent unauthorized access.

TokenBot Overview

TokenBot is an automated copy-trading platform designed for social trading groups and communities within messaging apps like Telegram and Slack. Here are some key points about TokenBot:

Pros

• Automated Trading: TokenBot executes trading decisions quickly and accurately, free from emotional biases.
• Real-Time Alerts: It provides real-time notifications of trades to community members, enhancing engagement and transparency.
• Wide Exchange Support: TokenBot supports major spot and futures exchanges such as Binance, FTX, Bybit, Coinbase, Kraken, and BitMEX, with plans to expand to Gate.io, OKEX, and Huobi.
• Monetization: Users can set their price for others to copy their trades, starting at $29/month, with TokenBot taking a commission ranging from 10% to 30%.
• Security: TokenBot uses hardware encryption and IP-restricted API keys to secure user data and prevent "man-in-the-middle" attacks.

Cons

• Limited DEX Support: Currently, TokenBot only supports centralized exchanges and does not support decentralized exchanges (DEXs), though there are plans to integrate dYdX in the future.
• Transparency Limitations: If a trader transfers coins to a DEX like Uniswap and trades there, TokenBot cannot track these transactions, potentially leading to discrepancies in profit and loss (P&L) reporting.
• Dependence on API Integration: The effectiveness of TokenBot relies on the integration and security of API keys, which can be vulnerable to phishing attacks if not properly managed.

Founders of TokenBot

TokenBot was co-founded by two individuals:

• Anthony Elia: Co-Founder and Global Head of Business Development. Anthony has extensive experience in the real estate and cryptocurrency industries, having worked in various roles including as Principal of AE Equities Group, LLC, and Founder of CryptoCribs.io.
• Shaun Newsum: Co-Founder. Shaun is also a key figure in the development and operation of TokenBot, focusing on creating secure and trusted chat bots for the cryptocurrency industry.

Investors in TokenBot

TokenBot has raised a total of $500,000 in funding. The last round conducted by TokenBot was a Seed round. Key details about the company and its funding include:

• Total Investment Amount: $500,000
• Last Funding Round: Seed
• Location (HQ): USA
• Year Founded: 2017
• Employees: 3

Specific investor names are not provided in the available information. For more detailed financial information and company highlights, you can visit the company profile on Crustdata.

No, the halal status of tokenbot is not explicitly mentioned in the provided sources. However, to determine if a cryptocurrency is halal, it must be screened against several criteria:

Key Criteria for Halal Cryptocurrencies

• Legitimacy Screening: Ensuring the crypto-asset is a genuine project and not a scam.
• Project Screening: Ensuring the project itself is Shariah compliant.
• Financial Screening: Ensuring it meets Shariah compliance financial criteria if it is an equity-based token.
• Token Screening: Understanding the Shariah compliance of the token.
• Staking Screening: Understanding the Shariah compliance of the staking mechanism.

Without specific information on tokenbot's adherence to these criteria, its halal status cannot be confirmed.