“What about this trading pair?” is a brand new kind of introductory articles created by RevenueBot. You will hear each week about a new pair that has appeared in our top list, judging by the number of deals made on the platform. Apart from the details about the token, let’s check the trading pair through the bot simulation and observe how much the trader could earn using it over the past 60 days.
General insights
Book of Meme cryptocurrency, known as BOME, is a one-of-a-kind fusion of creativity, humor, and blockchain. It is aimed to capture the essence of memes and preserve them in an immutable form. Imagine a digital library where each meme is etched onto the blockchain, forever resistant to censorship or deletion. BOME is a memecoin runnning on the Solana chain and launched by crypto artist Darkfarms (@Darkfarms1).
The primary purpose of BOME is threefold:
- Preserving the meme culture: Memes are ephemeral by nature. They pop up, go viral, and then vanish into thin air. So, BOME aims to make a change here by cataloging memes on the blockchain, ensuring they remain accessible for generations to come.
- Decentralized Social Media: BOME envisions a completely new era of social media—one where memes are not dependent on centralized platforms. Instead, they exist separately from each other, stored on decentralized networks like Solana, Arweave, and IPFS.
- Degen Trading Strategy & Gambling: BOME also aims to encapsulate the memeverse within a digital archive, while enabling degen shitcoin trading and gambling.
Breakdown
We create a new bot with a deposit of $500 as an example. The bot settings are default – Normal trading mode (you can select any when creating your own bot). This includes a 25% overlap of price changes, 20 orders, and 5% martingale trade size.
Provided that the bot traded in BOME/USDT pair between January 26 and March 26, 2024 while using the LONG algorithm, the outcome is as follows:
As such, over the past 2 months, you could have generated far more than 0.00003785 BTC in profits, which is about $3 at the time of writing.
Key takeaways
To some, such an income may seem quite small, and you’re not exactly wrong. The crypto market now is so volatile that sometimes it can multiply your income enormously, but this is the exception rather than the rule. You are more likely to lose all the invested money than to obtain large profits within a short period of time.
However, with RevenueBot, trading is fully automated, with no need for you to keep track of the process. Needless to say, if you set Aggressive trading mode for your bot, it will require more monitoring. That said, we’ve provided an example with default settings that pose minimal risk to your funds. Such set-up is quite middle-of-the-road: the profit is not too high, but the risks strive to zero as well.
For regular traders, RevenueBot offers an automated trading UI. You are free to trade on the leading crypto exchanges, including: Binance, Bittrex, FTX, OKX, among others. RevenueBot empowers you to create customized trading bots to generate passive income steadily. Here are some of the perks:
- Fees for the service are charged only after the first profit, no prepayment required;
- RevenueBot’s native marketplace is a great way to buy a ready-made bot as well as to sell a lucrative configuration;
- The RevenueBot referral program enables you to earn without having to do any trading by yourself;
- RevenueBot uses a Dollar Cost Averaging (DCA) strategy, through which you can successfully trade and make profits over the long run;
- Automatic switching of trading pairs makes it possible to benefit from trading at any time. The bot itself will switch to another trading pair if the main one will not be able to do the earning.
RevenueBot hosts a Telegram group for its customers and an official Telegram channel, where you can find the latest news and info about the crypto industry. You can learn more about the features of the platform on the RevenueBot official website.