LootBot: A Telegram Bot for Simplifying Airdrop Tasks

The cryptocurrency market has been booming recently, and Telegram Bots have also become a highly watched area of innovation. Since July, the price of a well-known bot project has skyrocketed, rising from $2.46 in May to $236.98 in August, an increase of nearly 100 times, sparking widespread attention in the market for various bot projects.

This article will focus on a bot project specifically designed to execute airdrop tasks - LootBot.

Introduction to LootBot

LootBot is a Bots based on the Telegram platform, focused on simplifying the execution process of Airdrop tasks. It interacts with users through conversational methods and can automate multiple operations on various blockchains, saving users a significant amount of time and effort.

The core features of LootBot include:

• Wallet Management: Up to 10 wallets can be created for Airdrop tasks, supporting multi-chain fund bridging.
• Automated Airdrop: Automatically execute airdrop interactions based on set tasks and routes.
• Trading Integration: Supports direct trading of ERC-20 tokens on Telegram
• Anti-Witch Mechanism: Increase the chances of qualifying for Airdrops through diversified interaction routes.

Business Model

LootBot generates revenue through subscription fees and transaction taxes, and has issued the LOOT token as the platform token. Holding LOOT entitles users to subscription discounts and participation in profit sharing.

The total supply of LOOT tokens is 10 million, distributed as follows:

• 50% sales to seed investors
• 40% for adding liquidity
• 5% allocated to the team
• 5% for listing on centralized exchanges

75% of the subscription fee and 2% of the transaction tax will be allocated to token holders, with 33% going to users holding only LOOT and 66.7% going to users holding both LOOT and the derivative token XLOOT(.

Application Scenarios

LootBot provides cryptocurrency users with a convenient tool for executing Airdrop tasks, with main advantages including:

1. Easy to use: The interface is simple, operations are intuitive, no additional installation is required.

2. Efficient Automation: Automate tasks to save a significant amount of time.

3. Multi-chain support: Compatible with multiple blockchains, providing more options.

4. Anti-Witch Design: Diversified Interaction Routes, Increase Success Rate

However, LootBot also has some potential risks:

1. Security Risk: Requires users to provide private keys, posing a risk of fund theft.

2. Airdrop quality is unstable: may execute some low-quality tasks.

3. Legal Risks: Some tasks may involve legal disputes.

Development Prospects

LootBot, as a leading project in the airdrop tool market, has a promising future. The main opportunities include:

1. Airdrop market continues to grow
2. The multi-chain ecosystem continues to expand
3. Platform token value enhancement

At the same time, LootBot also faces some challenges:

1. The platform's security needs to be strengthened.
2. Improve Airdrop task quality
3. Mitigating Potential Legal Risks

Overall, LootBot provides users with a novel way to participate in Airdrops, but users still need to carefully assess risks when using it.