Genie Bot | July 15, 2023
Genie Bot
GenieBot is an AI-driven Telegram bot designed to handle project support and provide information about integrated projects.
It interacts with users in a human-like manner and quickly answers project-related questions using advanced natural language processing techniques.
The bot's knowledge base is sourced from project whitepapers, websites, and custom sources, ensuring accurate and comprehensive information. As the bot interacts with users, its knowledge base expands in real-time, providing more accurate and helpful answers over time. Admins can also enhance the bot's intelligence by regularly adding new question-answer pairs and keeping it up-to-date.
The $GENIE token is the native token of the Genie Bot ecosystem.
Tokenomics
Out of a total of 100,000,000 GENIE tokens, 90% (90,000,000) have been allocated to the liquidity pool on Uniswap, ensuring a stable trading environment.
The remaining 10% is evenly split, with 5% allocated to marketing efforts and 5% dedicated to ongoing development.
90% of the tokens going into the LP is quite good, as it means there is very little overhead in terms of distributions, emissions, unlocks etc. like many other tokens suffer from.
In terms of trading fees, there is a 5% fee applied to all GENIE token transactions. This fee is distributed as follows: 1% is returned to the liquidity pool to enhance the trading environment, 1% is directed towards development to improve GenieBot, and the remaining 3% is allocated for marketing purposes to expand the reach of GenieBot.
This 5% sell tax is not ideal, and makes long-term token appreciate quite difficult. It’s a common tactic used by low cap tokens to extract money from traders.
A profit-sharing model is implemented, where 40% of the revenue generated from GenieBot memberships is distributed among investors who stake a qualifying amount of GENIE tokens. This profit-sharing ecosystem is set to go live in mid-July 2023.
Profit sharing is generally bullish, assuming profit #s are attractive. The yield from real revenue can drive token valuations higher quickly.
The Play
The $GENIE token is currently at a ~$2M valuation. Following the success of $UNIBOT, a telegram trading bot token currently valued at $50M, we believe there may be a small emerging narrative surrounding ai telegram bots that could drive the $GENIE token valuation higher ($5M - $10M).
While Genie Bot does solve a real world problem, the actual demand and ability to generate significant revenue is unclear, and the token staking program is not yet live.
This should be considered a HIGH RISK play, and is not a long-term hold. This is the type of token that could easily go to zero.
You can purchase $GENIE tokens via Uniswap, 1INCH, or Dextools.
Resources
Website: https://geniebot.app/
Documentation: https://geniebot.gitbook.io/geniebot-whitepaper/
Coingecko: https://www.coingecko.com/en/coins/geniebot
Notes
- We want to emphasize once again that this is a HIGH RISK play.
- We are quite skeptical on the revenue model and ability to actually generate significant revenue.
- That said, we believe the a small narrative and decent token distribution could carry it to an over-valued valuation.