We’ll kickstart today’s article by exploring the ins and outs of the LootBot crypto project. From there, we’ll cover the intricacies of the LOOT token and its on-chain analytics. In doing so, we’ll help you determine whether or not the LOOT token is a suitable investment for you. And lastly, to top things off, we’re going to show you how to find the next LootBot token using Moralis Money so you can capitalize on similar price rallies in the future.
If this sounds exciting, join us as we start by answering the question, what is LootBot?
What is LootBot?
LootBot is a Telegram bot helping you automate on-chain interactions and acts like a straightforward frontend interface for hundreds of blockchain networks. Furthermore, you can seamlessly leverage LootBot to streamline your airdrop participation.
Consequently, with LootBot, you can securely and efficiently discover, participate, and track your airdrop farming journey across multiple networks and protocols, all from the convenience of your Telegram application.
Here are three critical features of LootBot:
- Automated Airdrop Farming: LootBot generates wallets and automatically farms various airdrops across multiple Ethereum Virtual Machine-compatible blockchain networks.
- Airdrop Tracking: LootBot also helps you track your airdrop farming progress. The bot provides data on airdrop participation history, upcoming airdrops, and rewards earned.
- Anti-Sybil Detection: LootBot also features anti-sybil detection by offering different curated routes representing fundamental blockchain interactions.
With the features above, LootBot promises to make your airdrop farming a breeze. And through the automated bot, you can take advantage of the most promising airdrop opportunities while at the same time leveraging robust security measures to safeguard from fraudulent behavior and hackers.
Is LootBot Free?
LootBot features two distinct fee models:
Free-to-Use:
- Standard: Users pay 10% of the airdrop value
- Premium: Users pay 20% of the airdrop value
Monthly Subscription:
- Standard: $20/wallet
- Premium: $30/wallet
Additionally, if you hold 10,000 LOOT tokens, you get 50% off subscription fees.
LootBot Technical Roadmap
LootBot has divided its roadmap into five distinct phases, all representing a quarter. Here’s an overview of what each phase entails:
- Q2, 2023: Research and development along with fundraising.
- Q3, 2023: LootBot MVP release, LOOT token release, airdrop tracking dashboard, add support for new chains, launch ambassador program, referral program, etc.
- Q4, 2023: Add more advanced automating tasks, finish the referral program, add additional customizable options, build portfolio manager feature, etc.
- Q1, 2024: Implement more security measures, optimize scalability for growth, develop the referral program further, etc.
- Q2, 2024: Make security audits, add additional features like analytics and notifications, and explore partnerships with more protocols.
What is the LOOT Token?
$LOOT is the native token of the LootBot protocol, and it was minted on July 15, 2023. The token price surged by 300% in its first couple of days, giving early adopters some impressive short-term returns.
Furthermore, the LOOT token provides some advantageous utility to holders. First of all, token holders with at least 10,000 LOOT tokens get a 50% discount on the subscription fees. In addition to lower subscription prices, LOOT token holders also get a share of the fee distribution!
Token holders are eligible for 50% of subscription fees and 25% revenue share. Moreover, LOOT token holders will also be able to refer users and earn 5% on all fees collected from referees. Lastly, token holders can also burn LOOT tokens for $xLOOT, which earns 50% revenue share.
Now, what does the LOOT tokenomics look like?
The LOOT token has a total supply of 10,000,000, and a 5% buy/sell tax is applied to each transaction. For the first six months, 1% goes to the liquidity pool (LP) and 4% to the team. After six months, 1% is allocated to the LP, 2% for revenue sharing, and 2% for the team.
Nevertheless, this is how the tokes are distributed:
Now, with an overview of the LOOT token, you might be asking yourself, should I invest?
Answering the question above is easier said than done, and it all depends on your altcoin trading strategy and preferences as a trader. However, to help you determine whether or not to invest in the LOOT token, we’ll take the following section to examine this coin’s on-chain analytics!
Should You Buy the LOOT Token? LootBot On-Chain Analytics
In crypto trading, trusting static lists of token recommendations can be foolish. Buy why so? Well, in a volatile market, a coin can be a good investment one day and a bad investment the next. What’s more, in most cases, you have no idea who is behind the recommendations and if they have underlying ulterior motives.
As such, instead of mindlessly trusting the recommendations of others, we highly encourage you to do your own research. A great place to start is to use blockchain analytics to get real-time, on-chain data and use this irrefutable info as a foundation for your investment decisions.
However, acquiring this on-chain data can be challenging, which is why professional traders leverage blockchain analytics tools like Moralis Money!
One central feature of Moralis Money is the token pages. Each token, including $LOOT, has its own dedicated token page. On these pages, you get real-time blockchain data in a readable and actionable format. For instance, this is what it looks like for the LOOT token:
On this page, you can find alpha metrics such as net experienced buyers, net volume, holders, etc., price charts, security data, and general info about the LOOT token. By studying this irrefutable data, you can quickly determine the overall sentiment toward LootBot and decide if it’s a good investment.
For example, by studying the Net Volume metric, you can determine if the buying pressure for the LOOT token is increasing or decreasing. Or by looking at the Holders metric, you can see how the number of token holders has developed over the specified period.
Since this on-chain data continuously fluctuates, we can’t give you a straightforward recommendation for the LOOT token. Instead, we highly recommend checking the LootBot token page so you can make your own informed assessment!
How to Buy the LOOT Token
If you decide you wish to get a bag of $LOOT, you have several options. Just use the “Market” section on CoinGecko or CoinMarketCap page for that token. There, you’ll find a list of all CEXs and DEXs that offer the relevant training pair, including the trading volume. As such, you can easily pick a market that best suits your goals.
In case you decide to buy LootBot tokens, use the above instructions to find a DEX or CEX that has a sufficient trading volume for that crypto.
If you go with a DEX, then you’ll need a hot Web3 wallet (e.g., MetaMask), which you’ll need to connect to the platform. Next, you’ll be able to select the trading pair and execute the on-chain transaction.
The process of using a CEX is arguably even simpler. After all, once you have your account ready and funded, it is rather straightforward: simply visit that token’s trading pair and execute the trade. However, keep in mind that whenever you use CEXs, you are not in full control of your cryptos. “Not your private key, not your crypto!”
Finding the Next LootBot Token with Moralis Money
With its impressive 300% price rally, you might be looking for the next LootBot token. The easiest way to find it is to leverage a crypto breakout scanner like Moralis Money!
Moralis Money is the industry’s premier on-chain indicator. This tool leverages blockchain data in real-time, giving your true market alpha. As such, with Moralis Money, it has never been easier to find the most undervalued crypto to maximize your gains.
So, how do you find the next LOOT token with Moralis Money?
Well, to do so, let’s try to find some coins with similar on-chain metrics:
By studying the LOOT token’s on-chain data above, we know it has increased in net volume, holders, and liquidity over the past week. What’s more, we also know that it’s a relatively new coin. As such, let’s set up a search strategy matching these metrics with Moralis Money’s Token Explorer:
- Step 1: Launch Token Explorer and add the Coin Age metric to generate a list of freshly minted tokens:
- Step 2: Let’s combine the Coin Age metric with the Net Volume, Holders, and Liquidity Change filters to narrow it down to coins with growing buy pressure:
- Step 3: Add any additional filters to make your search strategy even more specific.
That’s it; this is how easy it is to generate a list of potential altcoin gems. From here, you can now visit each individual token page and continue doing your own research. In doing so, you can learn more about the underlying project and determine if it presents a promising investment opportunity.
Five Additional Tips for Using Moralis Money
The Token Explorer feature is only one of many trading tools offered by Moralis Money, and there’s a lot more to the platform. As such, to help you maximize your altcoin gains, we’ll provide four additional tips for using Moralis Money:
- Tip #1: Use Token Alerts: Another prominent Moralis Money feature is Token Alerts. With this feature, you can effortlessly set up email notifications to monitor individual tokens and the entire market for emerging opportunities. Learn more about this by checking out our tutorial on crypto price alerts.
- Tip #2: Protect Against Scams with Token Shield: With Token Shield, you get a comprehensive security evaluation for all altcoins. As such, thanks to Token Shield, you can now protect yourself from cryptocurrency scams. Read more about Token Shield in our crypto pump and dump scams article.
- Tip #3: Cross-Chain Compatibility: Moralis Money supports multiple blockchain networks, including Ethereum, Polygon, BNB Chain, and others. This means you can find and swap tokens across various blockchains.
- Tip #4: Manage Your Portfolio: Moralis Money also features an excellent crypto portfolio manager feature so you can track your holdings across all supported networks.
Start Trading Like a Professional with the Moralis Money Pro Plan
Do you want to start trading like a professional? If so, consider subscribing to the Moralis Money Pro plan!
As a Moralis Money Pro plan user, you get a bunch of benefits. And here are three examples:
- Private Discord Server: All Moralis Money Pro users get access to a private Discord server. By joining this server, you become part of a more extensive community of like-minded traders.
- Premium Education: The Pro plan also gives you access to premium education.
- Narrower Timeframes: All Pro users get narrower timeframes for all search parameters. This means you can query token data on a daily, hourly, and even ten-minute basis.
However, the benefits above are only three examples, and there’s a lot more to the Moralis Money Pro plan. For instance, you can also save up to ten search queries, get access to Token Alerts, and much more:
You can also try the Token Explorer feature in the widget below to get a feel for the power of Moralis Money. Apply a premade filter, or combine the various metrics to create your own unique search strategy:
Summary: Will the LootBot Token 100x?
In today’s article, we explored the ins and outs of LootBot, a Telegram bot for automating airdrop efforts. The native currency of the LootBot project is the LOOT token, and it experienced an impressive 300% price rally in five short days.
In combination with exploring LootBot and the LOOT token, we also covered the coin’s on-chain analytics using Moralis Money – the ultimate crypto on-chain trading indicator!
Moralis Money leverages on-chain data in real-time to give you true market alpha. As such, when working with Moralis Money, finding new and exciting investment opportunities has never been easier.
What’s more, remember that you can supercharge the features of Moralis Money by subscribing to the Moralis Money Pro plan. This will give you access to narrower timeframes for all search parameters, access to a private Discord server, and much more.
