Robofi is a Defi platform promising safe and transparent services. It provides decentralized autonomous organization bots via an initial bot offering. You can select from the available bots or list your bots and use them to earn money for trading. The platform also allows earning via governing and staking features. Binance, Huobi, and Probit are the supported exchanges.
How does this crypto bot work?
The DAO bots of this service are easy to use. You can buy the bots, stake them or list them in the IBO to become a governance shareholder. With the bots, you can automate your crypt trading, manage the process deftly, and reduce the risks involved.
The company offers different types of dabots including DEX DAbots, CEX DAbots, and Farming DAbots. Using the bots, you get to trade on the decentralized as well as centralized exchanges and use the farming bots to provide liquidity and earn a commission. To ensure the bots work on multiple exchanges, the company tests them on the supported exchanges to evaluate their compatibility.
Getting started with Robofi
Here are the steps needed to start with the bot:
- Visit the official site and register using your email address
- Login using the password provided to you via your email
- Choose from the available bots and use the connect wallet feature to purchase them
Company information
We could not find info about the company like its founders, team members, location, etc. As per the roadmap info, the project was launched in the first quarter of 2021. We find the domain is registered for 2022 and is powered by Snapbots Limited. There are no further details present related to the company.
Features of Robofi
Some of the important features of this platform are listed below:
Full automation
With the DAO bots, you can have the entire process automated leaving you free to do other tasks. Because of the automation, you need not monitor the orders.
Diversify your investment
The bots provide plenty of opportunities to expand and diversify your investments.
Fast and effective
Performance is much more efficient when compared to manual trading. Further, the algorithms used by the bots are very fast and accurate
Strategies of Robofi
The vendor mentions the use of multiple trading strategies by the bots. But there is no further explanation present which makes it difficult to assess the efficacy of the approaches used.
Pricing, fees, and commissions
The vendor does not provide info on the pricing, fees, and commissions you have to pay for using the platform.
Deposit requirements
We could not find info on the official site related to the deposit required for using the services of the platform.
What exchanges does Robofi support?
As per the vendor, the platform supports decentralized and centralized exchanges. Some of main exchanges mentioned on the official site are:
- Huobi
- Binance
- Probit Global
- Kucoin
- Uniswap
- PancakeSwap
What languages does Robofi support in their product?
Chinese, English, Indonesian, Vietnamese, and Russian languages are supported by the products of the company.
Can you really make money with this bot?
According to the vendor, the bots provided on the platform are chosen with care and are the best in the market. But the vendor cautions that they are not entirely free of risk. Just as in manual trading, automated systems also have their profits and losses so the vendor recommends careful consideration in choosing the bots.
Advantages of Robofi
- Fully automated bots
- Users get to earn in multiple ways
- Beneficial for bot creators
Disadvantages of Robofi
- Lack of info on the pricing, security, and strategies used
- New users may find the process complicated
Customer support
For support, the vendor offers an email address and an online contact form. There are links to social media pages of the company on Facebook, Twitter, LinkedIn, Telegram, Discord, YouTube, and Medium. A litepaper and an FAQ section are also present for support.
Who is Robofi suitable for?
The service is mainly focused on bot creators. Creators will be able to sell their products and raise funds. Users of the bots also get to trade efficiently and safely with the automated systems. For users who are not knowledgeable in coding and crypto trading, this service is ideal as it provides ready-to-use bots and ways to earn to buy the bots if you do not have sufficient money.
Robofi summary: is it worth to go for it?
Robofi was created to support trustless bridging between bot users and bot creators. While users have the advantage of storing bot tokens and earning, the IBO enables creators to list their products and earn funds. Features like governance shares, lending, games, liquidity pool, raising funds, and more provide better efficiency and benefits for all users. However the lack of info on the strategy, pricing, security, and company are drawbacks that you need to consider.
