Close Menu
    Blockchain

    PancakeSwap launches Telegram bot for easy crypto trading with over 3,000 tokens and advanced security features

    By No Comments3 Mins Read

    30s Summary

    Decentralized exchange PancakeSwap has introduced a Telegram bot facilitating crypto trading directly from a Telegram chat. The bot will feature more than 3,000 tokens, including various versions of PancakeSwap and stableswap on the BNB Chain. It will also feature end-to-end encryption within Telegram’s application programming interface to ensure secure transactions. The bot is described as part of a trend towards making decentralized finance more mainstream. Furthermore, PancakeSwap has partnered with DeFi protocol Bril Finance to offer portfolio management featuring higher risk-adjusted returns due to its automatic rebalancing feature.

    Full Article

    PancakeSwap, one of the biggest decentralized exchanges out there on the BNB Chain, has rolled out a cool new feature – a Telegram bot that lets users dip their toes into the crypto trading waters straight from their Telegram chat.

    The bot is currently set up for trading for over 3,000 tokens. That could make the world of decentralized finance (or DeFi) a lot less intimidating and more reachable for the Telegram crowd.

    This new Telegram Swap Bot means that users will be able to trade tokens on various versions of PancakeSwap, as well as stableswap on the BNB Chain.

    If you’re feeling a bit uneasy about all this coming from a messaging app rather than a tailored-to-fit finance app, you’re not alone. But this is all part of a bigger drive to make DeFi services more mainstream and user-friendly.

    Now, we all know that security is a big deal when it comes to finance. Because Telegram is typically all about chatting rather than trading, its security set up isn’t as tight as financial apps. But fear not. PancakeSwap’s bot is stepping into the ring armed with end-to-end encryption within Telegram’s application programming interface, or API. This is just a fancy way of saying it’s designed to keep your trading doings and private info locked down tight.

    The word from PancakeSwap is that its Telegram Swap Bot can carry out trades while making sure users get to manage their assets directly from their own wallets.

    In a nutshell, the launch of the Telegram Bot by PancakeSwap is seen as a way to overcome any hurdles, cut down on transaction costs, and make DeFi services appealing to average Joes.

    PancakeSwap’s Telegram Bot fits right into a larger trend that Bitget CEO Gracy Chen referred to as a partnership between Telegram, The Open Network, and crypto trading.

    According to Chen, Telegram, with its crypto offerings, has managed to stand head and shoulders above other social media, particularly in rapidly growing economies.

    Finally, just recently on Oct. 30, PancakeSwap shared some big news – it’s partnered up with DeFi protocol Bril Finance to add portfolio management functionality. This new system promises to deliver higher risk-adjusted returns compared to other methods due to its automatic rebalancing feature.

    PancakeSwap’s CEO, Mochi, believes this new feature makes the platform an ‘all-in-one’ stop for portfolio management.

    Related Posts