- Ape Terminal, one of the leading IDO platforms on the market, has canceled the IDO for the crypto betting platform ZKasino.
- This decision comes as the broader crypto community shows increased caution ahead of the Bitcoin halving.
- Meanwhile, a few projects continue to attract strong attention, notably the new crypto trading solution Bitbot.
As Bitbot approaches a high-profile presale, investors gathering around the project are likely encouraged by what Bitbot promises, especially in light of the controversies surrounding ZKasino, a decentralized betting network.
Although the ZKasino team maintains that the project will launch as planned, the platform is likely to face challenges regaining community trust after accusations of a rug pull and delays to exchange listings.
Bitbot brings non-custodial and anti-rug pull trading features to crypto
Bitbot is one of the few developing crypto projects aggressively pursuing market share. The project is focused on the Telegram bot trading space, which analysts expect to expand as the crypto market gears up for a full bull run.
What sets Bitbot apart is its innovative non-custodial trading feature.
Platforms such as PAAL AI, Banana Gun, PaLM AI and Unibot have seen notable success since launch. However, none of these solutions currently offer the industry-leading security that Bitbot plans to deliver through its non-custodial Telegram bot.
When the bot launches in the coming months, users will not only retain full control over their assets while trading, they will also benefit from additional security layers including anti-rug pull and anti-MEV tools.
So Bitbot’s appeal is not only its non-custodial architecture or its AI-driven trading tools, but the added protection provided by its anti-rug features. The team’s transparency further supports a positive outlook for the project, likely contributing to the presale surpassing $2.7 million.
Ape Terminal cancels ZKasino (ZKAS) IDO
Following concerns about a potential rug pull, IDO platform Ape Terminal announced it would cancel the decentralized exchange offering for ZKasino.
Ape Terminal’s statement followed a report by ZigZag, a decentralized peer-to-peer order book exchange, which raised concerns about ZKasino and a potential $32 million risk.
At the same time, participants were unable to withdraw funds after the ZKasino team reportedly moved all 10,515 ETH from the deposit contract to Lido.
Amid these allegations, several exchanges paused planned listings of the ZKasino token ZKAS. Cryptocurrency exchange MEXC announced it would cancel the ZKAS listing scheduled for Saturday.
Ape Terminal said on April 21 that participants who opted into the platform’s DEX offering would receive refunds of their assets. Stablecoin claims are now open, the platform announced on X.
Bitbot presale could present a key opportunity
The native Bitbot token, BITBOT, will power the new trading bot and provide users with an additional investment opportunity as well as a chance to earn a share of the platform’s revenue. Additional benefits are outlined in the project’s whitepaper.
Currently, the BITBOT token is priced at just $0.0163 during presale stage 11. According to the whitepaper, the presale price is scheduled to rise to $0.020 in stage 15, the final presale phase.
Bitbot’s launch aims to position it as the only non-custodial Telegram trading bot on the market. A strong community has already formed around the project as the presale advances toward its conclusion, making the coming weeks a potential early window for investors.
To learn more about Bitbot, visit the official site: https://bitbot.tg/.