Why BotFi?

BotFi emerged in response to the limitations observed in existing Telegram DeFi bots.

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Last updated 1 year ago

Why BotFi?

BotFi emerged in response to the limitations observed in existing Telegram DeFi bots.

Problems:

Centralization of Wallets and Users' Funds
The recent surge in Telegram's DeFi bot craze led to the creation of numerous trading bots. However, a significant issue arose - the centralization of wallets, with users' private keys stored on the project's servers, exposing funds to high risks in case of hacking, government seizure, or the team's sudden disappearance without a trace.
Poor User Experience (UX) Chat user interfaces are not intended for use as financial tools, making them vulnerable to human errors that could result in financial losses.
Proper Lack of NFT Support and Security Concerns One of the most significant challenges in the realm of self-custody web3 wallets is the inadequate support for NFTs in the cryptocurrency space. This has resulted in a considerable hindrance for users attempting to manage their NFTs. Additionally, many users fall prey to NFT counterfeiting and phishing scams, leading to the loss of millions of dollars each year.

Solutions:

Empowering Self-Custody and Decentralization At BotFi, we are staunch advocates of self-custody and decentralization. In line with these principles, our team of engineers developed a self-custody wallet entirely from the ground up for our bot. We harnessed the capabilities of mini-apps in WeChat and web apps for Telegram, allowing us to implement client-side languages like HTML, CSS, and JavaScript for the wallet interface.
The essential functions, including private key generation, storage, and transaction signing, all occur on users' devices, thanks to the versatility of JavaScript and HTML5 storage APIs.
Enhancing the User Experience As the adage goes, using the right tool for the right job is crucial. In our pursuit to minimize human errors, our team made the deliberate choice to craft an intuitive and user-friendly interface, elevating the overall user experience. This approach not only enhances usability but also enables us to carry out sensitive transactions directly on users' devices, bolstering data security and privacy. Again, BotFi stands out with its personalization focus. While many platforms enforce standard interfaces, BotFi lets users integrate their Telegram theme and colors, creating a unique user experience. This level of customization is a DeFi game-changer, letting users trade comfortably within their preferred aesthetics. Say goodbye to disruptive color schemes; BotFi makes your DeFi journey both visually pleasing and functional.
Advanced NFT Support and Enhanced Token Security We take pride in BotFi's exceptional NFT support. In our unwavering commitment to combat NFT counterfeiting and phishing, our engineering team leverages a comprehensive approach. This includes the utilization of both on-chain and off-chain data sources, ensuring the delivery of genuine NFT data to our users. Furthermore, our state-of-the-art NFT scanner and antivirus feature is poised to promptly identify any vulnerable tokens the moment they are added to the wallet, fortifying security.

PreviousWelcome NextFeatures

Last updated 1 year ago

Problems:

Centralization of Wallets and Users' Funds
The recent surge in Telegram's DeFi bot craze led to the creation of numerous trading bots. However, a significant issue arose - the centralization of wallets, with users' private keys stored on the project's servers, exposing funds to high risks in case of hacking, government seizure, or the team's sudden disappearance without a trace.
Poor User Experience (UX) Chat user interfaces are not intended for use as financial tools, making them vulnerable to human errors that could result in financial losses.
Proper Lack of NFT Support and Security Concerns One of the most significant challenges in the realm of self-custody web3 wallets is the inadequate support for NFTs in the cryptocurrency space. This has resulted in a considerable hindrance for users attempting to manage their NFTs. Additionally, many users fall prey to NFT counterfeiting and phishing scams, leading to the loss of millions of dollars each year.

Solutions:

Empowering Self-Custody and Decentralization At BotFi, we are staunch advocates of self-custody and decentralization. In line with these principles, our team of engineers developed a self-custody wallet entirely from the ground up for our bot. We harnessed the capabilities of mini-apps in WeChat and web apps for Telegram, allowing us to implement client-side languages like HTML, CSS, and JavaScript for the wallet interface.
The essential functions, including private key generation, storage, and transaction signing, all occur on users' devices, thanks to the versatility of JavaScript and HTML5 storage APIs.
We uphold a strict zero-contact policy regarding sensitive credentials with our servers. To foster transparency and trust, we've made all our wallet codes completely open source, accessible at .
Enhancing the User Experience As the adage goes, using the right tool for the right job is crucial. In our pursuit to minimize human errors, our team made the deliberate choice to craft an intuitive and user-friendly interface, elevating the overall user experience. This approach not only enhances usability but also enables us to carry out sensitive transactions directly on users' devices, bolstering data security and privacy. Again, BotFi stands out with its personalization focus. While many platforms enforce standard interfaces, BotFi lets users integrate their Telegram theme and colors, creating a unique user experience. This level of customization is a DeFi game-changer, letting users trade comfortably within their preferred aesthetics. Say goodbye to disruptive color schemes; BotFi makes your DeFi journey both visually pleasing and functional.
Advanced NFT Support and Enhanced Token Security We take pride in BotFi's exceptional NFT support. In our unwavering commitment to combat NFT counterfeiting and phishing, our engineering team leverages a comprehensive approach. This includes the utilization of both on-chain and off-chain data sources, ensuring the delivery of genuine NFT data to our users. Furthermore, our state-of-the-art NFT scanner and antivirus feature is poised to promptly identify any vulnerable tokens the moment they are added to the wallet, fortifying security.