AMA Recap 404 Daily Crypto with Passive Income Bot (PIBtools)
Hello 404 Daily Crypto Community
On 30th of March, at 02:00 PM UTC (21:00 WIB). we just successfully hosted our 3rd AMA’s with Passive Income Bot (PIBtools), with our guest from Passive Income Bot team:
- Contra, Product Lead at PIB
- Julz, Quant Analyst / Algo Designer of PIB
Many of you might have participated or many of not, So here we are up with the AMA transcript for those who missed the AMA session.
Introduction Questions Asked By 404 Daily Crypto Team
Can you introduce yourself and what is your experience in Cryptocurrency?
~Contra
I am product lead at PIB and an Algo trader since 2015. Entered crypto in 2017. After working within the tech industry, finally took the step and assembled my team to get my idea running. This is the first project I’m doing in DeFi.
~Julz
Hi everyone! I am the Quant Analyst / Algo Designer of PIB, engaged to Crypto since 2017, and started machine trading in 2019.
Q1: What motivates you to build Project PIB? and What your vision Build PIB?
~Contra
Our vision is to transform conventional methods in trading/investing in CEFI / DEFI. Usually, people get rekt trading margins but our algo doesn’t get rekt as it’s been crafted with years of experience. There’s no human emotion with the bot. The bot works 24/7 so we wanted our users to have passive income sources. Apart from that DeFi trading tools are not offered much in the space we want to change that.
Q2: Can you introduce What is Passive Income Bot?
How does Bot work and Feature make User Profit?
~Contra
An A.I. and Algorithm based trading bot, Dividend/Profit sharing model for holders and early believers, and a wide range of tools to help you navigate through the DEFI and Conventional Markets!
The PIB ecosystem is an amalgamation of state of art crypto tools and in-house built trading strategies that can be used by PIB holders!
We offer trading tools for cex and dex.
Our PIB vault bot auto trades on Binance 24/7 365 days. The profits made by the bot are shared with PIB holders. There are 3 tiers for it.
1000 PIB
3000 PIB
5000 PIB
Profit is equally divided amongst the 3 tiers at the end of the month.
Apart from cex trading tool, we have uniswap trading bot which currently has features like
- limit orders
- approve token before listing
- instant buy and sell
To access the bot users need to hold 100$ worth PIB tokens. No recurring payments just need to hold the tokens
Many more protocols to come like sushiswap and pancake swap.
Bot audit will be out on Tuesday. It’s being audited by quillhash.
They are the official audit partners of unicrypt launchpad.
We are launching on 4th April Sunday.
The presale will be at unicrypt.network
Sounds Good
I see on the website, Passive income Bot has a feature, Limit order in Uniswap and other Dex. Can you explain this?
~Contra
We have built a trading bot for uniswap
On uniswap you cannot place limit orders but through our bot, you can place limit orders.
The bot has 2 more features that is Approve a token to sell before it's listed (You cant do this through uniswap) but can be done via our bot.
The bot has went for an audit, the report should be out anytime.
We will be adding more dex trading tools. Next up is Pancake swap and sushiswap.
Q3: How to earn money while doing nothing, in Passive Income Bot?
~Contra
Users just need to hold a certain amount of PIB tokens to qualify for getting profit dividends from the bot
50% of presale is used for providing liquidity
12% from the presale is used for PIB vault bot.
At the end of the monthly profit is divided to PIB holders.
These are the tiers:
- 1000 PIB
- 3000 PIB
- 5000 PIB
The more you hold the more profit you get.
Apart from the PIB vault we are testing our buy and sell script of uniswap tokens
The buy and sell script will be integrated with uniswap bot. The bot will auto-buy and auto-sell uniswap tokens
To use the uniswap bot users need to hold 100$ worth PIB.
In the end, the user gets rewarded for just holding the PIB token.
Q4: Have you met all of your goals in the road map till now? and can you post your Roadmap here?
~Contra
2 working products at the start of the launch
The roadmap is for April and the next month where we launch more tools.
Now, Let's go to Tokenomic
Can you describe this?
~Contra
- 150 ETH Softcap
500 ETH Hardcap
1 ETH = 2.000 PIB TOKENS - 500.000
Uniswap Liquidity - 1.000.000
Presale Supply - 200.000
Marketing Token - 200.000
Team Token - 1.900.000 PIB
Total supply
Q5: How to participate in presale?
~Contra
It's through unicrypt launchpad
First-round lasts for 1 hour where you need to hold 50 $UNCL or 4 $UCX
The second round is free for all no need to hold their tokens.
So, Any Plan Burn in the future?
~Contra
Unsold tokens on unicrypt launchpad get automatically burnt apart from that no burn.
Questions asked by our 404 Daily Crypto community members during live Session to Passive Income Bot team
Q1 from Telegram username @Godpelpa
GDP UNISWAP TRADING BOT — BETA
- limit orders
- Approve token before listing
- Instant purchase and sale
Could you give us more details on the different features that will be implemented in the future?
~Contra
We will include trailing buy and sell
PIB auto buy and sell the script.
Q2 from Telegram username @feranno
Smart contracts are vulnerable to errors, and recently some DeFi projects have fallen victim to it. That’s why Users have done so much damage. Is your smart contract fully secured and audited?
~Contra
Yes, it's been given for audit to quillhash.
Q3 from Telegram username @MakIAC
What revolution will PIB bring in the blockchain world?
At the moment, how the reachment?
~Julz
We will revolutionize and make innovations in trading/investing on both CeFi and DeFi.
Q4 from Telegram username @Alika061
Can you give a tokenomics description to share from the total number of supply for anywhere from the #PassiveIncome and whether your smart contract address is audited to maintain security then how are the results of the audited are certified?
~Contra
Our PIB vault bot auto trades on Binance 24/7 365 days. The profits made by the bot are shared with PIB holders. There are 3 tiers for it.
- 1000 PIB
- 3000 PIB
- 5000 PIB
Profit is equally divided amongst the 3 tiers at the end of the month.
Q5 from Telegram username @binxhs
It’s quite unfortunate that many projects have infiltrated the market with just white papers without having any genuine use cases. What are the main utilities of $PIB?
~Contra
We are 100% transparent of our bot trades and also have given an audit of the bot.
This is not vaporware.
All working products.
Q6 from Telegram username @binxhs
What is the team’s orientation and development plan for 2021 in the Defi region, why do you think Defi, this immature term, has a future? What results do you expect to achieve?
~Julz
A lot of protocols/tools are in the pipeline this 2021. We expect to provide continuous passive income and a lot of tools to aid investors on DeFi.
Here are some important links of Passive Income Bot:
WEBSITE: https://pib.tools
TWITTER: https://twitter.com/pi_bot1
TELEGRAM CHANNEL: http://t.me/pibotchannel
TELEGRAM GROUP: http://t.me/pibtools
