Unibot Launches New Crypto UNISOL for Solana Ecosystem Users
The team behind the Telegram trading bot Unibot has announced the launch of a new crypto called UNISOL. This token will be distributed to holders of the UNIBOT coin and users of the Unibot protocol on the Solana platform. UNISOL will accumulate earnings in SOL, providing an incentive for holding both UNIBOT and UNISOL.
Similar Incentive Model to Banana Gun
This move by Unibot is similar to the one implemented by competitor Banana Gun, which rewards holders of its BANANA crypto with a portion of traders’ rewards. However, the introduction of UNISOL has received criticism from the Unibot community, as it may lead to depreciation of the UNIBOT token.
Token Holders and Users to Receive Rewards
UNISOL will be rewarded to users of the Unibot protocol and holders of the UNIBOT crypto. The revenue generated by Unibot on Solana will be divided between two pools: one for Ethereum-based UNIBOT holders who connect a Solana wallet, and another for UNISOL holders. Both tokens will accumulate SOL earnings from traders’ profit and loss (PNL).
Growing Success of Unibot on Solana
Unibot is an innovative protocol that allows users’ wallets to be connected to the decentralized exchange Uniswap via Telegram. Since its launch, over 20,000 Unibot users have generated more than $130 million in total volume. The platform has collected about 11,700 ETH in fees, with a portion donated to UNIBOT holders. Despite its success, some users have expressed discontent with the introduction of UNISOL and have considered switching to the Banana Gun bot.
Discontent within the Unibot Community
The Unibot community has expressed dissatisfaction with the launch of UNISOL, fearing that it may dilute the value of UNIBOT over time. The announcement led to a sell-off and a 34.5% depreciation of UNIBOT, but the token price has since recovered. Some investors have already started selling UNIBOT and buying BANANA instead. The move by Unibot to introduce a second crypto resource has been met with criticism and skepticism.
Hot Take: Unibot Faces Backlash for UNISOL Launch
Unibot’s decision to launch the new crypto UNISOL has sparked discontent within its community. The introduction of UNISOL, along with the division of rewards between UNIBOT and UNISOL holders, has led some users to switch to the competitor Banana Gun bot. The move is seen as potentially diluting the value of UNIBOT over time, prompting a sell-off of the token. While Unibot has seen success on Solana, this recent development has created uncertainty among its users.
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