Why DexFund

Benefits

  • Diversification: By investing in a basket of cryptocurrencies, index funds can help spread risk across different coins and projects.

  • Personal management: Index funds are typically managed by third parties who make decisions. DexFund can access the standard index as well as have full control over what coins to include in the fund and when to rebalance it.

  • Liquidity: Since all tokens in the index are traded on exchanges, they can be bought and sold like any other asset.

  • Flexibility: Users can top up their allocation at any time. Cashing out can be done either in full or partially by selling individual tokens.

Diversifying portfolios is more complex than it should be

For most new crypto users, investing in BTC or ETH is the most common way to start their crypto journey.

By investing in a basket of cryptocurrencies, this index can help spread risk across different coins and projects.

Bulk repeat purchases are not possible and as seen earlier, users want immediacy and simplicity while maintaining a diversified portfolio.

Leveraging Telegram

Telegram bots are automated tools that allow users to interact with cryptocurrency markets and services directly within the Telegram messaging app. They simplify the user experience by eliminating the need to navigate complex decentralized platforms.

According to a report by Binance Research, the cumulative crypto trading volume associated with Telegram bots exceeded $190 million as of early August 2023. The daily volumes of chatbot-enabled crypto trades hit a record high of $10 million in July 2023. The number of daily unique users also reached a record high in July, with more than 6,000 users. These figures indicate that Telegram bots are gaining momentum and popularity in the crypto market.

A gateway for crypto newbies

One of the reasons for this growth is that Telegram bots offer a gateway for crypto newcomers who may find the decentralized finance (DeFi) space too intimidating or complicated. By consolidating on-chain activities into a simple interface, Telegram bots make it easy for users to engage in various crypto activities without leaving the familiar Telegram environment.

Access

Telegram’s widespread adoption in the crypto community further solidifies its position as an ideal platform for these innovative bots.

Peace of mind

Telegram bots offer features that provide users with more control, security, and convenience when trading on decentralized exchanges (DEXs).

Last updated