RoboFi focuses on providing the crypto trading community with revolutionary DAO bots. It leverages blockchain technology to bring bot developers and users together to attain mutual financial growth. The project has incorporated several innovations, including the introduction of the Initial Bot Offering (IBO) process and the harvesting of rewards generated by bots when holding bot tokens.
About RoboFi
RoboFi is a DeFi platform that provides DAO crypto trading bots via IBO. Examples of these bots include DEX DAbots, CEX DAbots, and farming DAbots. They will allow you to trade on both centralized and decentralized exchanges, as well as create and provide liquidity pools for AMM-DEX to earn trading commissions. You can also earn income in certain types of liquidity pools through yield farming.
RoboFi crypto trading bot: how does it work?
RoboFi provides crypto bot developers with a platform where they can raise funds to take their bots to the next level. With IBO, the vendor chooses and lists the best systems in the marketplace through a meticulous process. Then, RoboFi’s users browse through and choose the products they believe will suit their trading needs. As the vendor puts it, the valuation is up to the developer to set and the community to accept.
How to set up RoboFi
RoboFi is easy to install. Go to the official website and press the ‘launch app’ button located at the top-right corner of the page. You will be directed to a page that will require you to fill in your email and password. Once your email is confirmed, you are good to go.
Key takeaways
RoboFi has the following features:
- Incorporates the RoboFi (VICS) token that traders can use to stake and engage in various activities in the ecosystem, including buying trading bots. Bot developers can utilize VICS for trading profit payout.
- Allows users to create a liquidity pool where they can stake and earn VICS tokens.
- Has a store (marketplace) where bot developers list their bots for IBO
- An exchange is available to help users purchase and sell bot tokens.
- Provides a decentralized lending platform that enables traders to join their favorite DABots community even when they lack the necessary assets.
- Offers RoboFi Treasury, a bridge that allows users to deposit their crypto assets like USDT, ETH, and BTC and receive a copy of these coins in the form of tokens.
User interface
RoboFi has a simple and intuitive interface. The devs convey info about the product’s offering clearly, so people can figure out how the application functions. You can also navigate the software effortlessly, thanks to the clear, unambiguous icons.
The trading strategy behind RoboFi
Nearly all the trading strategies provided on this app apply support and resistance analysis in some way. These approaches normally expect the price to break the support and resistance levels (breakout and pullback strategies). So, you are advised to apply risk management tactics to minimize losses if a breakout occurs.
How profitable is RoboFi?
RoboFi offers developers a chance to gain and raise capital through IBO to fund their trading bots by listing them on the marketplace. As creators gain and invest more, they increase their chances of earning more rewards from the bot’s trading activities. For users, purchasing the listed bots allows them to automate their trading and increase their revenue in the crypto market. Even then, investing in crypto bots is a risky venture. The systems can still make losses if you are not careful or don’t know what you are doing.
Safety and security of RoboFi
Although the vendor keeps saying that RoboFi is secure, they haven’t highlighted the measures they have employed to safeguard the marketplace. However, they include a privacy and cookie policy, explaining how the website handles privacy and cookies and how they safeguard your personal data.
Customer support
To make inquiries about the product or services offered, the vendor recommends that you email them by filling out the contact form. It is also advisable to visit the FAQ page and read the company’s blogs and news as they provide important info about the program.
Reputation
RoboFi was introduced to the crypto market about a year ago. To date, it has amassed a huge following on Twitter and Telegram, with 24.3k and 14k+ followers, respectively. The platform also stands out for being the first decentralized finance platform to supply crypto bots that adhere to the DAO principle.
Team members
Info about the people responsible for developing this software is available on LinkedIn. As such, the team includes, among others, Loi Duc (Full Stack Developer at RoboFi), Merry Silvana (Heads of Bots Management), Lee Donna (Head of Global Marketing), and Shang Ping Ting (Research). They are on a mission to close the gap between financial technology and the public through the provision of DAO trading bots.
Exchange compatibility
RoboFi is compatible with the following exchanges:
- UniSwap
- KuCoin
- PancakeSwap
- Binance
- Huobi
- ProBit
RoboFi pricing: is it worth your money?
RoboFi doesn’t charge users anything to use the platform. You can visit the official website, study the features available, and if you love what you see, subscribe to the software for free.
RoboFi review: upsides and downsides
| Upsides | Downsides |
| Provides multiple opportunities to earn revenue | Lack of info on security measures |
| Free to use | |
| Beginner-friendly |
RoboFi: final remarks
If you are a developer looking for a place to sell your trading bots, then look no further. However, you have to be really good at what you do because the platform only selects systems that show the best performance. This is a plus for traders using the platform, as this measure ensures they only access efficient tools that can increase their profit prospects.
