Cronos Labs-Backed Nexabot AI Launches AI-powered Crypto Trading Telegram Bot

[PRESS RELEASE – Hong Kong, Hong Kong, July 25th, 2024]

Nexabot AI, the leading developer of crypto tools based on Artificial Intelligence, has announced the launch of an innovative Cronos EVM trading bot. The bot provides Telegram users with a seamless and user-friendly interface for trading and monitoring assets on the Cronos EVM blockchain network.

Nexabot AI has partnered with VVS Finance, the leading DEX on Cronos EVM, and is incubated by Cronos Labs, the $100M funded web3 startup accelerator that supports the development of the Cronos blockchain ecosystem. The launch of a dedicated Telegram trading bot will make it easier for crypto users to quickly capture token trading opportunities on Cronos EVM.

The platform already supports spot trading of a wide range of tokens including stablecoins, memecoins, and DeFi assets. Nexabot AI plans to enhance this capability to introduce perpetual futures trading through a partnership with Fulcrom Finance. This will allow users to execute advanced trading strategies and take advantage of broader market movements.

To begin interacting with the Nexabot AI trading bot, the user simply needs to search for the bot: @thenexabot in Telegram or use the direct link: https://t.me/thenexabot and click “Start.” The bot then guides them through the entire process including wallet authentication, which is completed automatically with the user’s credentials that are stored securely in their Android or Apple device. The bot provides users with a hybrid-custody contract account wallet, which means that private keys are not accessible without the user’s authentication. This provides a robust layer of security and ensures that access to the wallet is limited to a specific Telegram and Google/Apple account combination.

In addition to trading, Nexabot AI are looking to support a host of other features that provide users with a 360º view of the crypto market. An AI powered news and signals channel will summarize the latest stories and market developments, allowing users to make informed decisions about the tokens they trade.

With Nexabot AI, users can buy or sell tokens at the click of a button with orders routed through VVS Finance. Custom settings allow users to set slippage and determine whether transactions are denominated in CRO.

Nexabot AI aims to introduce an innovative management of gas fees for all transactions, as it will take a single, predictable trading fee and will not require users to pay for network fees, enabling traders to focus solely on their trading strategies without the worry of unexpected cost variations from gas fees.

The release of Nexabot AI provides a dedicated AI trading bot that’s tailored for the Cronos EVM ecosystem. It will transform the crypto trading experience for Cronos EVM users, combining the convenience of Telegram with robust trading, cheaper transactions and AI powered news and signals.

Learn more: https://Nexabot AI.ai/

About Cronos

Cronos (cronos.org) is a leading blockchain ecosystem that has partnered with Crypto.com and more than 500 application developers and contributors representing an addressable user base of more than a hundred million people around the world. Cronos’ mission is to make it easy and safe for the next billion crypto users to adopt self-custody in Web3, with a focus on Decentralized Finance and Gaming.

The Cronos universe encompasses 3 chains: Cronos EVM, the leading Ethereum-compatible blockchain built on the Cosmos SDK; Cronos POS, a leading Cosmos chain for payments and NFTs; and Cronos zkEVM, a new high performance layer 2 network secured by Ethereum.

Cronos ranks among the top 15 blockchain ecosystems, encompassing more than 6 billion dollars of user assets. Since inception, it has securely settled more than 150 million transactions.

Cronos is supported by Cronos Labs, a Web3 start-up accelerator focused on DeFi, GameFi, and the development of the Cronos ecosystem.