RoboFi — How To Avoid Getting Scammed of Fake Crypto Trading Bots
Each time the crypto market is dominated by bulls, the number of scam coins and projects promising unbelievable returns also increases. However, scammers are increasingly targeting inexperienced traders with so-called sophisticated trading software and trading bots
How Scammers Use the Trading Bot Narrative
cammers always use the same narrative: “passive trading income with zero loss.“ Since the prospect of making constant winning trades or above-normal returns is so tantalizing, many inexperienced crypto traders are losing money to scams that claim to use these ostensibly sophisticated mechanisms.
Smaller criminals are also using the trading bot narrative to defraud ignorant and inexperienced investors. They do this by convincing investors to buy trading software or bots that they claim will generate returns in excess of 100% in a short space of time. Often the scammers will use social media channels to target their victims. Many unsuspecting traders have fallen for this even after being warned. In addition, scammers also often sell fake trading bots with poor performance and/or infected with malware
How RoboFi Prevents Fake Crypto Trading Bot
RoboFi is a Defi platform that envisions a marketplace for revolutionary DAO crypto trading bots. Through its Initial Bot Offering (IBO) offering, community members can maximize their earnings in an easy, simple, and secure way.
The IBO concept, which is similar to an ICO, was introduced by RoboFi. In an ICO, a crypto startup receives funds through selling their own token/coin to their followers. IBO stands for Initial Bot Offering. The initial bot offering makes it possible for bot creators/trading strategy developers to offer their bots and services to the public and specially to the RoboFi community.
The IBO delivers great opportunities to bot creators to raise capital easier. During IBO, bot creators show off their crypto trading bots on the RoboFi platform, which users evaluate. Then users who are interested in using the bot will make an offer with the main currency on RoboFi ecosystem called VICS.. Users who participate in the IBO will not only own the governance shares, but also acquire other rights such as voting rights. Essentially, the users become the bots’ governance shareholders.
Before entering the IBO stage, the bot will be tested first by the professional team from Robofi. This is to ensure that the bot has good performance and security, this is to ensure that the bot has good performance and security. IBO enhances the overall market process of crypto trading bots. While bot creators raise capital, users enjoy the service of institution-grade crypto trading bots.
Conclusion
RoboFi is a platform that offers a very secure, easy way to trade using well-performing crypto trading bots. With the IBO concept offered by RoboFi, it will make it easier for crypto trading bots developers to sell their bots and for users to safely choose crypto trading bots. The first step to avoid getting scammed by fake crypto trading bots is join RoboFi via the link below
Website | Twitter | Telegram| Telegram News | Reddit | Litepaper
