Ape Terminal, one of the top IDO platform’s in the market, has cancelled crypto betting platform ZKasino’s IDO.
This unfolds as the broader crypto community is showing greater resilience amid Bitcoin’s halving.
A few projects are however attracting as much attention as new crypto trading solution Bitbot.
As Bitbot matches towards a highly successful presale, investors flocking to it are likely buoyed by what the project promises in the wake of events surrounding ZKasino, a decentralized betting network.
While the ZKasino team says the project will still launch as expected, it’s likely to face challenges with regard to community trust after the rug pull allegations and exchange listing delays.
Bitbot brings non-custodial trading and anti-rug pull features to crypto
Bitbot is one of the few emerging crypto projects that are pushing for market dominance. In particular, Bitbot’s eyes are on the Telegram bot space, which analysts have predicted could explode as crypto prepares for the bull market proper.
What makes Bitbot stand out in the market is its pioneering non-custodial trading feature.
PAAL AI, Banana Gun, PaLM AI and Unibot have seen significant success since their launch. However, none of these solutions offer the industry-leading security that Bitbot pioneers with its non-custodial Telegram bot.
When the bot launches in coming months, users will not only have the peace of mind of retaining full control of their assets as they trade, but also tap into additional security layers provided by anti-rug pull and anti-MEV tools.
So it’s not just Bitbot’s non-custodial solution or its AI-powered trading tools, but also the protection users can get with the anti-rug pull feature. Bitbot team’s transparency also adds to this positive outlook for the project, likely the reason the presale has raced to over $2.7 million.
Ape Terminal cancels IDO for ZKasino (ZKAS)
Following concerns around a potential rug pull, IDO platform Ape Terminal announced it had cancelled ZKasino’s initial DEX offering.
Ape Terminal’s statement comes after ZigZag, a decentralised P2P orderbook exchange, published concerns about ZKasino and a potential $32 million rug pull.
Meanwhile, ZKasino participants have reportedly been unable to withdraw their money as the platform’s team has moved all 10,515 ETH from the deposit contract to Lido.
Amid these allegations, some exchanges have announced paused listing plans of the ZKasino token ZKAS. Crypto exchange MEXC announced it would cancel ZKAS listing on Saturday.
A lot of FUD going around.
The ZKasino network will still go live, it has been delayed due to exchange listings.
— ZKasino (@ZKasino_io) April 20, 2024
Ape Terminal said on April 21 that participants who opted into the crypto betting platform’s DEX offering will receive a refund of their assets. Stablecoin claims are open, the platform posted on X.
Bitbot presale could be key opportunity
The Bitbot native token BITBOT will power the new trading bot, providing users with another investment opportunity. Top of this is the chance to earn a share of platform revenue. Other perks are outlined via the project’s whitepaper.
Currently, BITBOT token is priced at just $0.0163 in stage 11. As highlighted in the project’s whitepaper, the presale price is scheduled to rise to $0.020 in stage 15, the final presale stage.
Bitbot’s launch will see it stand out as the only non-custodial Telegram trading bot in the market. Already, there’s a strong community building around the project as its presale moves towards an end and the next few weeks could be an early opportunity for investors.
To learn more about Bitbot, go to the official website.
