As the tide recedes, which types of Telegram Bots can continue to move forward?
Telegram is not the holy grail of bots, but rather Occam's razor.Author: Nan Zhi, Odaily Planet Daily
Since the concept of Telegram Bots became popular, various types of Bots, aside from "trading Bots," have started to appear on Telegram. However, before launching on Telegram, similar applications already existed on web and desktop platforms. For certain categories of Bots, launching on Telegram does not provide any added value and may not even be a necessity—Telegram is not the holy grail for Bots.
Odaily Planet Daily will use "token issuance Bots" as a research basis to explore their additional features and which types of Bots are suitable for Telegram.
Token Issuance Bots
The main advertised feature of token issuance Bots is "one-click token issuance," but this feature has already been implemented by several web-based products. In the era before web tools, various fixed versions of Meme tokens existed in the market, requiring only simple parameter modifications in development applications (like Remix, Hardhat, etc.) to complete the token issuance.
The differences of token issuance Bots on Telegram are:
Low learning threshold: The process and content are templated, further lowering the learning threshold, allowing completion without understanding the underlying principles;
Portability: Not restricted by devices and locations, while web-based tools need to be optimized for mobile to be used through wallet software;
Security from fixed templates: The token forms that mainstream token issuance Bots can deploy are fixed, with no ability to customize backdoors.
The above is an overview of the main settings for token issuance Bots, which typically have inherent limitations on their security. The sources of protocol revenue come from two aspects: one is the transaction tax share after the protocol issues tokens, and the other is the share taken from the initial liquidity of the token protocols deployed by the token issuance Bots, as well as a share from subsequent transactions.
Here is an overview of their revenue:
The main source of income for each Bot comes from token transaction taxes, with only Saintbot showing a few significant peaks. However, Genesis Bot, which significantly reduced usage fees, has not managed to capture market share.
It can be seen that the 1% transaction tax mechanism has not provided sustained income for various Bots, as Meme coins typically have short lifespans. Under the one-time income from their rapid demise, each Bot still needs to find new sources of income in the market.
In summary, the advantages of token issuance Bots combined with Telegram are:
Meme players are no longer focused on token models (such as dividends, burning, adding LP, etc.), but rather on the narrative of the tokens themselves. Those who can respond quickly to stories happening in the market have a significant advantage, thus their portability holds certain value.
However, their disadvantages are:
Ineffective features:
- End users still only face contract addresses and cannot directly perceive security (they cannot know if the token comes from a token issuance Bot with security restrictions), and still need to rely on third-party platforms for detection.
Market mismatch:
In a saturated market, there is no longer a need to further lower the threshold, and it cannot attract more Bot users.
The market capacity is extremely limited; current Meme players no longer accept high-tax projects, while several Bot services are too expensive, hindering user entry.
The various functions added by major projects to Bots have no effect; users still only care about the most basic function, which is the "token issuance" itself. Only when usage fees further decrease can token issuance Bots gain market share in certain scenarios, but they do not possess long-term investment value.
Conclusion
In addition to token issuance Bots, there are many other tracks for Telegram + Bots, such as gaming (like HiPvP for guessing sizes), sports betting (like bookiebot), and U.S. stock trading (like AXE CAP), among various types.
Among them, gaming Bots can only present a simple result on Telegram, while users are most concerned about the gaming experience rather than making profits in such games, so currently, these types of Bots have all disappeared.
On the other hand, sports betting Bots are completely opposite to gaming Bots; many users only need a simple entry point to place bets and obtain results, without caring about the progress of the betting projects themselves (which can also be watched through legitimate channels). Bots that retain only the most fundamental functions have continued to develop after the tide recedes.
Telegram is not the holy grail for Bots, but rather Occam's Razor* (Note from Odaily Planet Daily: that is, eliminate the unnecessary and retain the simple and effective). Riding on concepts can only make one a pig in a windfall; Bots suitable for Telegram do not need multiple additional functions, but should focus on their most fundamental and basic functions.
