Onboarding Millions of Web3 Traders: An All-in-One Telegram Trading Bot built on Chainge

Proposal Overview

This proposal seeks Chainge DAO's approval for Moonblocks to develop a “Chainge Telegram Trading Bot" – an innovative and popular tool aimed at enhancing trading capabilities and user engagement directly within Telegram, with an emphasis on cost-efficiency and user-friendly features such as: self-custodial wallet, cross-chain swaps, bridging, gem finding and more. This new product initiative is designed to reach millions of users beyond the Chainge ecosystem, expanding our user base and significantly boosting trading volume, thereby creating a robust new revenue stream.

TL;DR

• Moonblocks approached the Chainge team with a vision to develop a cutting-edge Telegram trading bot using Chainge's APIs. • After the product is developed & delivered Chainge will commit $25,000 in XCHNG tokens from the ecosystem allocation to be released to incentivise further development and marketing of the Chainge Trading Bot by Moonblocks. • Introducing seamless trading and comprehensive wallet management directly within Telegram. • Leveraging Chainge’s infrastructure to create an efficient and user-friendly trading experience. • Aiming for a significant market capture and ROI from transaction fees.

Motivation

The current market demands a simple decentralized trading solution that reduces costs, provides interoperability and enhances user experience - this initiative aligns perfectly with these needs. This proposal underscores our commitment to providing a seamless trading experience, fostering greater adoption of DeFi tools, and enhancing security and efficiency across multiple blockchain networks. By leveraging Chainge API for cross-chain trading with native tokens, the bot will initially facilitate trades, swaps, copy-trades, and gem finding on Solana, Polygon, Ethereum, Base and Binance Chain. Gradually, more chains and functionalities will be added to achieve the ultimate goal of enabling cross-chain trading for any asset on any chain.

Strategic Development and Upcoming Features

• Trading Features: Including Copytrade and Auto Buy/Sell functionalities, allowing users to automate trades based on predefined criteria. • Wallet Management: Enabling users to create, manage, and operate blockchain wallets within Telegram, ensuring a secure and seamless experience. • Chainge-Driven Development: Utilizing Chainge's advanced technology for a comprehensive and efficient bot, providing extensive cross swapping functionalities. • Cross-Chain Trading: Leveraging Chainge API for cross-chain trading with native tokens across Polygon, Ethereum, Base, Binance Chain, and Solana. Users can swiftly swap native chain tokens to engage with new pools and tokens on other chains. For example: users will be able to quickly swap any of their native chain tokens, such as buying any of the latest hyped meme coins and tokens on Solana with ETH, by first cross-swapping native token ETH on the Ethereum chain to SOL on the Solana chain. This feature will allow interactions with newly created pools, memes, and tokens on Solana, showcasing one of the many incredible functionalities of the Chainge Trading Bot. In the next iterations of the bot users will be able to ultimately cross-chain swap any token to any token. • Gem Finding: Facilitating the discovery of new pools and purchase of tokens, and memes at high speed directly within Telegram.

Benefits

• Trade Directly on Telegram with Speed and Ease: Enables fast and straightforward trading within Telegram, where millions of Web3 users are already active. • Increase Trading Volume on Chainge: The bot will drive trading volume and create traffic through the Chainge APIs • Speedy Cross-Chain Swaps: Facilitates rapid movement of funds from one chain to another, allowing users to interact with any token they choose. • Quickly Spot New Gems and Auto Buy: Provides the ability to quickly identify new opportunities and set automatic purchases based on user preferences. • Attract New Users to the Chainge Ecosystem: Directly funnels new users into the Chainge ecosystem via Telegram, simplifying onboarding with just two clicks. • Detailed Token Safety Scans: Includes scam and honeypot protection, along with anti-rug and reorg protection, ensuring a secure trading environment.

Next Steps

Upon approval, Moonblocks will initiate the development phase, followed by extensive testing and deployment. The bot will be developed adhering to the highest security and performance standards, ensuring it meets the Chainge community's needs and expectations.

Conclusion

The Chainge Trading Bot, developed by Moonblocks, represents a strategic investment in the technological advancement of the Chainge ecosystem. By approving this proposal, Chainge DAO will not only enhance its current offerings but also position itself at the forefront of DeFi innovation, ensuring continued growth and leadership in the blockchain space. This development promises to revolutionize how users interact with digital currencies on Telegram, making decentralized trading more accessible, secure, and efficient.

Your Affirmative Vote

Your affirmative vote on this proposal is a pivotal step towards realizing a transformative tool that integrates cutting-edge blockchain functionalities within a widely used messaging platform like Telegram. It underscores Chainge’s commitment to innovation and its dedication to empowering the community with effective, decentralized trading solutions.