London, United Kingdom, May 2nd, 2024, Chainwire

AI-powered Telegram trading bot, Bitbot, has surged past the $3M mark in its presale after outlining its updated product offering. Bitbot now includes a layer of AI development on its blockchain analysis tool, Gem Scanner. The project has hurtled into stage 12 of its short 15-stage presale due to end this quarter, at which point the BITBOT token will be unleashed upon the open market. 

The Bitbot community now numbers over 140k, with 110k+ followers on X and a Telegram channel approaching 30k. Bitbot’s team hopes to convert a good portion of this into paying customers when the product launches this year.

The presale has been supported by Bitbot’s recent rebrand, which includes a new website with updated visuals and, most crucially, a spotlight on Bitbot’s AI features. Bitbot’s team is optimistic that investing in AI to boost its trading engine is one of the factors likely driving the heightened interest in the presale.

Bitbot is establishing its status as a game-changing project by offering the world’s first non-custodial Telegram trading platform, ensuring users’ funds only transfer once trades are complete. This is combined with an arsenal of AI trading weapons that give retail investors the firepower they need when competing against the institutions. 

Bitbot (BITBOT) is available to buy on the official site.

Gem Scanner: merging AI with on-chain analysis

Powered by Bitbot’s proprietary AI, the Gem Scanner aims to uncover undervalued, low-cap tokens with the potential to achieve multi-digit rallies.

The Gem Scanner scours top data aggregators such as DEX Screener and Birdeye while combining social media feeds to make predictions based on both market data and audience sentiment.

This productivity-boosting tech eliminates the reliance on conducting hours of meticulous market analysis. It will typically appeal to retail traders and therefore help drive production adoption. With this offering, the team hopes to see Bitbot take market share away from key competitors Banana Gun and Maestro over the coming year.

AI and blockchain are on the rise

Tech stalwarts Google and Microsoft both enjoyed AI-driven stock price surges recently, with Reuters reporting spikes of 10% and 2%, respectively. 

And with demand for AI features outstripping capacity to supply the market, the industry appears poised for sustained growth. This is supported by sector predictions, which lay out an expected compounded annual growth rate (CAGR) of 28.4% per year until 2030.

Blockchain offers a similar story, with a CAGR of 24% projected. AI crypto tokens are currently valued at just under $20 billion, with a daily trading volume of around $900 million, according to CoinGecko.

Bitbot has repositioned itself to meet this growing demand for AI in the crypto market by offering a range of advanced technologies.

Speaking on the decision to refocus efforts towards AI capabilities, Bitbot’s Technical Product Officer, Andrew Jacobs, said:

“Our mission has always been to give our users the tools that have enabled institutions to dominate financial markets, and the benefits our AI offers are the best equalizer we’ve seen on the market so far. Plus, AI positioning is currently generating great returns for many projects in the space, and we predict BITBOT holders will feel the benefit of this.”

Bitbot’s exciting market outlook

With its enhanced focus on AI, Bitbot is positioned to engage with the increasing interest in AI projects. The market has observed notable activity, such as the performance of BitTensor (TAO), an AI coin which experienced significant price changes, rising from $34 last year to $757 in March.

Within the Telegram bot sector, there is plenty of precedent for strong performance as well. Competitors like Banana Gun have experienced 200% rallies in just six months, and in early April, they saw 80x gains from early presale price. With its enhanced security and AI iterations on these first-generation products, the Bitbot team is optimistic about surpassing these results.

About Bitbot

Bitbot is a new AI Telegram trading bot that aims to put institutional-grade trading tools in the hands of retail users, to enable them to trade using a variety of advanced features, including sniping and copy trading.

Audited by Solid Proof, Bitbot focuses on security and follows the motto, “Your keys, Your wallet, Your assets.” To this end, the project has partnered with Knightsafe to deliver the world’s first non-custodial telegram trading bot, mitigating counterparty risk and reinforcing this with anti-MEV and anti-rug technology.

For more information, users can visit the website.

Official Website | Whitepaper | Socials

Bitbot is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Contact

Bitbot Press Team
Bitbot
pr@bitbot.com

Panama City, Panama, May 2nd, 2024, Chainwire

AppLayer has unveiled the fastest and most robust infrastructure for scaling Ethereum-based applications, a cutting-edge blockchain that not only delivers lightning-fast transaction speeds but also offers a new approach to Ethereum Virtual Machine (EVM) development for both DeFi and GameFi developers.

AppLayer offers an EVM network that’s 10 times faster than standard Golang based EVM networks and an even more amazing 65 times execution speed boost with C++ stateful pre-compiles. Imagine having both the speediest EVM in the game and the best tools to build on it – that’s what AppLayer brings to the table!

The Game Changer: Stateful Pre-compiled Smart Contracts

AppLayer is not only a speed powerhouse but also allows for comprehensive composability with game-changing stateful pre-compiles that are a cornerstone of this release, offering an unmatched ability to process complex smart contracts at unprecedented speeds.

But what does this mean for everyday users and developers? It’s simple: AppLayer’s network brings the power of advanced blockchain technology right to the user’s fingertips. Developers can now create their own stateful pre-compiles as smart contracts with features and syntax that are identical to Solidity, but with the added turbo-charge of C++ performance.

The real excitement stems from the intricate workings of AppLayer’s network with these Stateful Pre-compiles. Solidity smart contracts no longer function in isolation but interact with and build upon these ultra-fast pre-compiles. This enhances the sophistication, power, and efficiency of blockchain applications, marking a significant shift in the landscape of decentralization.

The best part for developers is the ease of transition to this high-performance environment. AppLayer allows developers to effortlessly convert their existing Solidity code into C++ with nearly identical syntax, unlocking the potential for more complex and scalable dApps. This feature is especially vital for blockchain projects hitting performance limitations in traditional EVM environments.

AppLayer takes it further with rdPoS (random deterministic Proof of Stake) – a unique consensus mechanism that amplifies network security while ensuring ultra-efficient transaction processing. This ingenious combination of stateful pre-compiles and rdPoS turns AppLayer into a robust platform perfect for handling high-scale and intricate applications.

As Itamar Carvalho, CTO at AppLayer, stated at ETHDenver 2024, “AppLayer is not just an upgrade; it’s a revolution. We’re empowering developers to build without boundaries, pushing the limits of what’s possible in blockchain application development.”

AppLayer stands as a testament to innovation, redefining the standards of blockchain development and opening new horizons in the gaming sector, decentralized finance, and beyond. With its combination of speed, efficiency, and developer-friendly features, AppLayer is poised to become a leading force in the blockchain space.

Expanding EVM Horizons with the Testnet Launch

The next exciting phase for AppLayer is the deployment of its testnet, complete with a front-end user portal coming in June and up to $1.5 million in incentives available now. This stage invites developers to push the boundaries of their existing Solidity code into a more robust, scalable environment. The more unique and intricate the transactions, the greater the reward, fostering a creative and efficient ecosystem.

AppLayer is now inviting developers to participate in its incentivized testnet. With a unique rewards system based on user activity and creativity, AppLayer is fostering a vibrant and innovative developer community.

“We are excited to see what developers will build on AppLayer. This is an opportunity to reshape the landscape of blockchain applications,” said Carvalho.

The AppLayer testnet not only represents a pivotal moment for blockchain innovation but also a unique opportunity for both crypto enthusiasts and developers. Whether the user is looking to explore cutting-edge projects on the fastest EVM or the user is a developer eager to build on this revolutionary platform, AppLayer’s testnet is their gateway to opportunity and rewards.

Build on the AppLayer Testnet to Unlock Grants

Developers, on the other hand, are invited to bring their creativity and technical skills to the forefront. Build on AppLayer, the fastest EVM network, and receive $APPL token grants as recognition of the user’s innovative contributions.

With up to 100,000,000 $APPL tokens available for allocation to projects, the potential for reward is substantial. Additionally, for every $APPL token a project distributes to users, an equal amount is granted back to the project, forming a cycle of innovation and reward that continues through to the mainnet launch.

The most engaging and interacted-with projects may be eligible for additional allocations, incentivizing not just development but also user engagement. This is a testnet that rewards utilization and creativity, pushing for more unique and complex smart contracts.

For more information on the Grants Program and how to participate, users can fill out an application to get started and become a part of this transformative phase in blockchain development. Users can discover, build, and earn with AppLayer – where the future of blockchain is being shaped today.

About AppLayer:

AppLayer (formerly SparqNet) is a C++ based Ethereum scaling solution where developers can deploy Solidity smart contracts and C++ programmed stateful pre-compiles as smart contracts. In AppLayer, Solidity smart contracts are 10 times faster than those in Golang-based competing networks, and stateful pre-compiles are 65 times faster.

Website: https://applayer.com/

Twitter: https://twitter.com/AppLayerLabs

Discord: https://discord.gg/6dsUebskfA

Telegram: https://t.me/AppLayerLabs

Contact

CEO
Michael Weinrub
AppLayer
michael@applayer.com

London, United Kingdom, May 1st, 2024, Chainwire

Humanode, a Layer-1 blockchain built with Polkadot SDK, has become the most decentralized blockchain network to date based on the Nakamoto Coefficient. With 706 active validator nodes, the Nakamoto Coefficient for the Humanode is 236, shooting past the prior number one, Mina, which has a Nakamoto Coefficient of 155. Polkadot now holds the 3rd place. 

The Nakamoto Coefficient is a measure that represents how many node operators will be required to control the share of a layer-1 blockchain which is enough to shut down the network if validators coordinate to do so. The greater the number, the more decentralized the blockchain is.

“Proof-of-Stake blockchains tend to centralize around the biggest validators or staking protocols, like Lido, which actually hold the infrastructure. If Lido goes down once, people will start questioning the decentralization of Proof-of-Stake networks. They may have millions of nodes, but the real control over consensus is in the hands of few. We always wanted to change this,” says Humanode co-founder Victor. “In Humanode, one person can only launch one node, which is verified with cryptobiometric technology. All validators wield equal power, meaning that the Humanode chain decentralization increases proportionally to the number of human nodes. Imagine what kind of Nakamoto Coefficient will be achieved when we hit 10,000 nodes or 1 million nodes!? This makes a coordinated attack almost impossible. No project will be able to claim that it is more decentralized than Humanode.”

Humanode will soon unveil its governance protocol where one human node has only one vote, creating the first democratic DAO which will control the further development of the core protocol and its ecosystem.

About Humanode

Humanode, built on Polkadot SDK as an EVM Compatible Layer-1, is the first cryptobiometric blockchain where one human = one node = one vote. It utilizes private facial recognition which protects against multiple accounts and bots taking advantage of retroactive airdrops, DAOs, DeFi, NFT mints, GameFi, and more. After just a year from mainnet launch, Humanode boasts 500,000+ users and 70+ projects utilizing its cryptobiometric technology.

Contact

Shannon Higgins
core@humanode.io