- Ape Terminal, one of the leading IDO platforms on the market, has canceled the IDO for crypto betting platform ZKasino.
- This development comes as the broader crypto community shows increased resilience during the Bitcoin halving.
- A new crypto trading solution, Bitbot, is attracting attention.
As Bitbot moves toward a highly successful presale, investors appear encouraged by the project’s promises in light of recent events surrounding ZKasino, a decentralized betting network.
Although ZKasino’s team maintains the project will still launch as planned, it will likely face challenges restoring community trust after rug-pull allegations and delays in exchange listings.
Bitbot brings non-custodial and anti-rug-pull trading features to crypto
Bitbot is one of the emerging crypto projects aiming to capture market share, with a particular focus on the Telegram bot ecosystem—an area analysts expect to grow rapidly as the crypto market heads toward a renewed bull phase.
Its pioneering non-custodial trading feature helps Bitbot stand out.
While projects such as PAAL AI, Banana Gun, PaLM AI and Unibot have made their mark, none match the industry-leading security Bitbot offers through its non-custodial Telegram bot. This enhanced security provides users with greater confidence and safety.
When the bot launches in the coming months, users will retain full control of their funds while trading and benefit from additional protections provided by anti-rug-pull and anti-MEV tools.
Bitbot’s appeal is not limited to its non-custodial approach or its AI-driven trading tools; the anti-rug-pull safeguards also offer meaningful protection for users. The team’s transparency further contributes to a positive outlook for the project, likely a factor in the presale surpassing $2.7 million.
Ape Terminal cancels IDO for ZKasino (ZKAS)
Amid concerns of a potential rug-pull, IDO platform Ape Terminal announced it has canceled the initial DEX offering for ZKasino.
The statement from Ape Terminal followed a post by ZigZag, a decentralized P2P order book exchange, raising worries about ZKasino and a possible $32 million withdrawal.
Reports also indicated that participants in ZKasino were unable to withdraw funds after the platform team moved all 10,515 ETH from the deposit contract to Lido.
Amid these allegations, some exchanges announced they would suspend plans to list the ZKasino token, ZKAS. On Saturday, crypto exchange MEXC said it would cancel its planned ZKAS listing.
A lot of FUD going around.
The ZKasino network will still go live, it has been delayed due to exchange listings.
— ZKasino (@ZKasino_io) April 20, 2024
On April 21, Ape Terminal said participants who joined the DEX offering for the crypto betting platform would receive refunds. According to the platform’s post on X, stablecoin refund requests are now open.
Bitbot presale may present a key opportunity
The native token BITBOT will power the new trading bot, offering users an additional investment avenue and the potential to earn a share of platform revenue. Further benefits and details are outlined in the project’s white paper.
Currently, BITBOT is priced at just $0.0163 in presale phase 11. According to the white paper, the presale price is expected to rise to $0.020 by phase 15, the final presale stage.
Bitbot aims to launch as the only non-custodial Telegram trading bot on the market. A growing community is forming around the project as the presale nears its conclusion, and the coming weeks could provide an early entry point for interested investors.
To learn more about Bitbot, visit its official site.