LootBot: An automation tool for executing airdrop tasks based on Telegram

Recently, the cryptocurrency market has witnessed the rapid development of Telegram Bots. As an innovative and popular sector, Telegram Bots are gradually gaining attention in the Web3 market. This article will introduce a niche utility Bot - LootBot.

LootBot is a bot focused on executing potential Airdrop interactions, used on the Telegram platform. It serves as a simplified frontend for multiple chains, enabling interaction through dialogue and automating on-chain interactions. LootBot can save users a significant amount of time and effort, especially in highly repetitive tasks, and is designed with a witch prevention mechanism to achieve the goal of efficiently grabbing Airdrops.

The Core Technology of LootBot

1. Wallet Deployment and Network Selection: Up to 10 wallets can be created for Airdrop task interactions, supporting fund bridging across multiple chains.

2. Automated Airdrop: Automatically run airdrop task interactions based on suggestions and selected task routes, and provide various interaction data for the corresponding wallet.

3. Integrated Trading: Integrated trading features allow direct trading of all ERC-20 tokens on LootBot.

4. Anti-Witch Detection: Prevent witch attacks by providing different planning routes to represent real on-chain interactions, increasing the chances of qualifying for an Airdrop.

Problems Solved by LootBot

1. Airdrop tasks are tedious and repetitive: Automate the execution of highly mechanized airdrop tasks to reduce manual effort.

2. Airdrop revenue is uncertain: helping users manage long-term and uncertain airdrop revenue.

3. Airdrop risk is high: reduce the risk of being rejected or identified through the anti-witch mechanism, while increasing security.

LootBot's Business Model

LootBot generates revenue through subscription fees and transaction taxes, and issues LOOT tokens as the platform token. Holders of LOOT tokens can enjoy subscription discounts and participate in the revenue sharing mechanism.

Earning Mechanism:

• 75% of the subscription fee and 2% of the transaction tax are allocated to token holders.
• 33% allocated to holders who only own LOOT
• 66.7% allocated to holders of both LOOT and XLOOT

LOOT Token Distribution:

• Total Supply 10 million
• 50% sale to seed investors
• 40% for adding liquidity
• Team allocation 5%
• 5% Listing on Exchange

Advantages and Disadvantages of LootBot

Advantages:

• Achieve a win-win situation for the platform and users
• Incentivize users to hold and stake tokens for the long term

Disadvantages:

• The amount of profit sharing may not be attractive enough.
• Earnings may be affected by market fluctuations.
• Multi-era linear distribution may reduce short-term return sentiment.
• The design of XLOOT has increased the complexity of the tokens.

Use Cases of LootBot

LootBot provides cryptocurrency users with a convenient tool for executing airdrop tasks, improving the success rate and yield of airdrop tasks. Users only need to chat with LootBot on Telegram to complete operations such as creating a wallet, selecting a chain, executing airdrop tasks, viewing data, and making transactions.

Advantages:

• Easy to use
• Efficient Automation
• Support for multiple chains
• Anti-Witch Design

Disadvantages:

• There are security risks
• Airdrop quality varies.
• May involve legal risks

Future Development Prospects of LootBot

LootBot, as a leading project in the airdrop tool market, has an optimistic outlook for future development.

Opportunity:

• Airdrop market growth
• Multi-chain ecosystem expansion
• Potential for platform token appreciation

Challenge:

• Resolve security issues
• Ensure Airdrop quality
• Avoid legal risks

Overall, LootBot provides users with a convenient tool for executing airdrop tasks, but users should still pay attention to security and legal risks and filter airdrop tasks when using it. With the development of the cryptocurrency market, LootBot is expected to have more applications and development opportunities in the future.