The Rise of the 🦄🤖

“Automation is no longer just a problem for those working in manufacturing. Physical labor was replaced by robots; mental labor is going to be replaced by AI and software.” - Andrew Yang

In today’s email:

• The Rise of the Unibot and the adoption by crypto 🦄🤖

• PayPal Launches a Stable on Ethereum 💵

RISE OF THE 🦄🤖

As the AI narrative takes over the tech sector talking points, in typical crypto fashion, projects have jumped on the trend to capitalize on it. Today, we take a look at the largest AI-based crypto project to see if they are selling vapor, or if they have actually tokenized AI.

Unibot
The current pinnacle of Telegram Bots, Unibot was the first mover in the trading/sniping bot arena. Launched in May, the Unibot token has catapulted to giga gains from its original price of $2.46.

While the app has features such as limit orders, mirror sniping, private transactions, and fail guard sell, the bot functions as intended and that’s the first check off of our list. We know you don’t read NoShill for technicalities, though, so now to what matters…

Unibot’s Model
Rewards are proportional to the amount of tokens held. Holders receive 40% of transaction fees and 1% of total $UNIBOT traded volume. Rewards are calculated in 2-hour intervals and claimable after 24 hours. Transferring more than 200 tokens between every 2-hour interval will result in forfeit of your revenue share. One must hold 50 $UNIBOT tokens to be eligible.

When looking at their Dune, the fees seem to have fallen back to the same numbers of late June. However, what makes this interesting is their user growth. While the revenue seems to be trending down, the DAU count seems to be growing every day.

While their growth is no way indicative to long-term price, it does give a good benchmark to calculate potential fees in a bull market.

UNIBOT is currently trading at $162.06 with a market cap of $161 million. With a supply of 1,000,000, there is still more runway for Unibot, given the right market conditions.

In order for this to be a good hedge, their user growth will need to continue as the revenue stems strictly from that.

While we love the project, we also know that crypto typically sucks at marketing outside of crypto and that would be our only concern.

Unibot’s first movers advantage will give them a massive leg up in a stronger market, and regardless of that, the bot WORKS. Not only does their bot work, their model seems to be working as well. Let’s hope they can continue this growth pattern all the way into the next bull run.

Want to get started using Unibot? Connect via telegram Here.

There are currently a lot of copycats of Unibot out there, but none that have hit the mark as of yet.

PAYPAL 💵

PayPal is launching PYUSD on the the Ethereum chain. Yes, THAT Paypal. While this may not seem like groundbreaking news, the payment platform boasts over 435 million global users. So, this is not just big news for crypto; this is MASSIVE news for Ethereum.

PayPal entrusting that the best decision and fate of their stable’s foundation lies on Ethereum speaks loudly about where PayPal thinks the chain is heading.

News like this in crypto typically takes days or weeks to pick up steam, but once it does, there is typically a correlating, noticeable impact to coincide with it.

We would be willing to bet that PayPal caught wind of Tethers’ revenue and thought, “Pshh, we can do this 100x better than you, schmucks,” and with this, pyUSD was born.

We will keep you posted over the next couple of weeks on the overall impact this move by PayPal has on the Ethereum ecosystem.

Like what we are throwing down? Well, there is no better sign of gratitude than sharing. You know what they say: “Sharing is caring.”