Before the start of the current bullrun, Telegram trading bots revealed themselves as one of the biggest narratives during the transitory state between bear and bull. The cumulative volume of Telegram trading bots exceeded $9bn to date, with an average daily trading volume of $47M.
Today, we’ll be briefing you on XCeption. After undergoing less than three months of testing with a limited pool of testers, Xception has already generated enough volume to be in the 20th position on the list of DEX bot tools based on trading volume.
Specifically, Xception is a platform aiming to make its MEV bot available to many users across crypto. As a full-fledged suite of bot tools, the platform also features a trading/ sniping bot available on Telegram, as well as the native XCeption platform. We’ll detail XCeption’s full suite of offerings below, what to look forward to, and more. Bullish times mean more gaps in the market and more opportunities to be had. There will certainly be demand for tools that help to facilitate trading and participating in these markets, and platform providers looking to give users the tools they desire.
Stay vigilant in the markets ⬇️
Background on XCeption
XCeption offers bot tools for trading convenience via Telegram bot and web UI. Unique features include an MEV tool, a market market-making tool, and a gamified user experience, among other features to come. The vision of the team is to make trading tools available for all. That being said, the platform is in early development, so its Beta will soon be accessible to just 50 users (more on this below). But this will soon change…
Ser PT’s (XCeption’s CEO) background in trading led to exploring sniper tools like MEV bots. The team decided to democratize sophisticated tools by creating a proof of concept. The platform is different from the traditional closed-door approach in finance as the team aims to democratize exceptional technology.
Some benefits of the XCeption platform include:
Business perspective: There are wider profit margins on the sell side of MEV compared to the buy side.
Capital efficiency: Creating the Sniper Trader tool reduces capital requirements and carry risk.
Users approve tokens to MEV, lowering cost basis and increasing profits.
Product Ecosystem Overview
XCeption consists of multiple products:
MevCeption: A tool that allows participation in MEV opportunities.
Users can profit from holding tokens by accessing the MEV tool on the sell side.
Profit rewards are also denominated in $ETH, which means a lower cost basis through claimed profits.
The MevCeption UI allows users to easily view, approve and revoke MEV for specific tokens.
MevCeption includes real-time mempool scanning.
Other features include Multi-Swap Bundle Sending as well as Block Builder Bundle Propagation.
Bundling transactions creates more opportunities for users and wider profit margins, scaling the ecosystem benefits all users involved.
According to Ser PT, Sniper Trader tools generated more revenue than top MEV tools last year.
MarketCeption: A basic market-making tool with customizable strategies for traders and projects. A mix of both projects and individual investors alike currently use MarketCeption.
MarketCeption uses XCeption’s own in-house market maker to set buys and sells within specific ranges.
This can be helpful for projects looking to be proactive about their native token’s price floor, or individuals looking to scale out of a position efficiently and avoid slippage.
Guardian AI, XCeption’s first partner, is a project that efficiently adjusts strategies using the tool based on market needs.
The Automatic BuyBack feature in the tool can aid projects in managing supply tokens effectively. It enables scale-in buy zones for chart support and scale-out for capital management. It is important to manage $USDC or $ETH ratios to supply tokens for expense control.
There are also benefits for referring projects using MarketCeption, providing additional revenue generation opportunities.
TradeCeption: Allows buying/selling via Telegram bot, enhancing competitive advantage with MEV transactions.
TradeCeption is a Telegram trading tool that provides convenience for users. It enables direct trading within Telegram, enhancing speed and accessibility. It forms part of the Bot tools suite, generating revenue for projects and improving user experience.
TradeCeption offers a simple tool to trade any token by pasting its contract and specifying the amount for quick transactions via the platform’s Telegram bot.
Helpful features include a Honeypot status checker, current token taxes, and current prices displayed.
Part of TradeCeption is the SnipeCeption feature, allowing users to scan smart contracts and snipe new launches.
Users of the platform can create or import, and then manage up to 3 wallets, potentially earning through MEV, TradeCeption activities, sniping, and holding/staking tokens. Stakers can earn rewards even without actively using other tools. Currently, staking of the native $XCEPT token is not live, although it is a high priority for development. MarketCeption is used for buybacks to fill reward pools from generated revenue.
Referral Opportunities
Referrals have been successful with 1500 applications in a short time. Users can refer to both users and projects, earning a percentage of generated volume. Users are rewarded for referring others to use the tool through fee percentages. Gamification will be introduced, awarding points for activities within the tools.
The team recognizes how referral programs have positively influenced other projects’ success and the role that word-of-mouth marketing can play. Users can earn multi-tiered rewards in the form of fee distributions for users whom they refer. Specifically, there is a 25% fee distribution to the referrer. Additionally, there is a 10% fee reward for the original referrer of additional referred users down the line. For this to come into effect, a $10,000 minimum trading volume is required.
There is also a gamification plan for referrals; XCeption’s referral points program grants additional revenue for those who engage with the platform and participate in certain activities. The points program will involve competing in challenges, leveling up, and an achievement system.
The referral points structure is as follows:
Direct Referrals: Earn 20 pts / each direct referral.
Level 1 Referrals: Earn 5 pts / referral made by those directly referred.
Level 2 Referrals: Earn 4 pts / referral made by those referred by Level 1 referrals.
Level 3 Referrals: Earn 3 pts / referral made by those referred by Level 2 referrals.
Level 4 Referrals: Earn 2 pts / referral made by those referred by Level 3 referrals.
Level 5 Referrals: Earn 1 pt / referral made by those referred by Level 4 referrals.
Beta Access
Initial access to the XCeption bot for the referral program started last week; Beta release this week is starting with 50 users scaling up quickly based on the referral leaderboard.
MEVCeption, TradeCeption, and MarketCeption tools are all included within the Beta. In addition, the SnipeCeption tool will be available by the end of the Beta, but not immediately on day 1. The beta will soon be accessible to those who have passively referred other users, specifically to the top 50 on the leaderboard. Catch XCeption’s recent twitter space to learn about the platform.
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