V1.0 Release Notes
V1.0
Official Release Notes For BENiBOT
Contributors: Beni CTO Development Team @Benionbase,
Date: 6 DECEMBER 2024
Project Overview This document outlines the release notes for version 1.0 of BENiBOT, an innovative decentralized trading bot designed specifically for users interacting with the Ethereum Virtual Machine (EVM) on the Base blockchain. BENiBOT has been meticulously developed to serve as a formidable competitor to existing solutions, such as Bonkbot, with a focus on optimizing functionality for the Base ecosystem.
The release notes include the following sections:
V1.0 Implemented Features A detailed overview of the functionalities currently available in BENiBOT v1.0, fully operational and ready for use.
V2.0 Planned Updates & Future Releases An outline of planned enhancements and upcoming features, highlighting our dedication to continuous improvement and alignment with evolving market demands.
Important Links Key resources for users, traders, developers, and stakeholders. [Refer to Page 4]
This initiative not only introduces a powerful tool to the decentralized finance (DeFi) trading landscape but also positions BENi as a unique player in the Meme/DeFi coin niche. It aims to foster a more autonomous, efficient, and innovative trading environment for the Base chain community.
V1.0 Implemented Features
Website A dedicated website has been developed to showcase the bot's features, benefits, and usage instructions, providing prospective users with a clear understanding of its capabilities.
Bot Functionalities
Wallet Creation & Importing: Users can create new wallets or import existing ones using the "/WALLET" command, offering flexibility and ease of access.
Wallet Management: Fully functional wallet features, such as viewing balances, transaction histories, and more, are accessible through intuitive Telegram commands.
Help Section: An interactive "/HELP" section has been implemented to guide users through the bot's functionalities and address common queries effectively.
Trade Execution Script: A robust script allows users to execute trades efficiently and quickly on the Base blockchain.
Viewing Positions: The "/POSITIONS" command enables users to view an organized list of their active trading positions for seamless tracking.
Commands: All essential Telegram commands for interacting with the bot have been created, thoroughly tested, and are fully operational.
Profit Card (PnL Card): The profit card feature, which provides users with a comprehensive summary of profits from completed trades, has been successfully developed and implemented.
Basic Scanning: Initial scanning features introduced at launch include liquidity, market cap, and current price metrics.
Advanced Scanning: Advanced scanning capabilities, powered by the third-party provider RuScan, have been integrated for enhanced analysis. Documentation is available at RuScan Docs.
Beta Testing and Stress Testing
Full Integration Testing The swap functionality has been subjected to comprehensive testing to ensure seamless integration and a flawless user experience.
Beta Testing The bot and all its features have undergone extensive beta testing to validate performance, usability, and reliability.
User Fees And Fee Distribution
Fee Percentage An industry standard 1% fee applies to all [BUY/SELL] transactions.
Fee Distribution A development-focused fee distribution model has been implemented, with distributions subject to adjustment based on evolving development needs.
Ongoing Costs Ongoing expenses include estimated monthly fees for hosting the bot API/RPC and the Benibot.io website.
Developer Retainer A developer retainer agreement has been established with a Python bot developer, ensuring their commitment to future releases and updates.
Development/Marketing Wallet
Revenue Allocation: 90% of the revenue generated by BENiBOT will be managed by the CTO team. Development, marketing, ongoing costs.
Feature Development: A minimum of 40% of the revenue is explicitly allocated for funding additional features, with adjustments made as needed to support BENiBOT's continued development and growth.
Planned Updates / Future Releases
V2.0 - Next Release
Referral System A commission-based referral system will be introduced, allowing users to generate passive rewards based on the trading volume associated with their referral codes.
900+ New PnL Cards Over 900 unique PnL cards, designed similarly to NFTs, will be added to the current collection.
Limit Orders Users will have the ability to place limit orders, enabling more precise execution terms for their trades.
Future Releases
Full Scan A comprehensive scan functionality will be implemented, capable of analyzing 10+ critical contract concerns, including honeypots, liquidity locks, and farm history, using a contract address as input.
Sniper Feature A sniper tool for Apestore on BASE will be introduced, allowing users to be the first to acquire their favorite new tokens.
Coin-Specific Volume Tracking This feature will enable other token communities to monitor BENiBOT's trading volume for their projects, simplifying partnerships and commissions with future BENiBOT collaborators.
Leverage Trading In collaboration with an audited Beni partner, a leverage trading feature will be integrated to enhance trading options.
Cross-Chain Functionality Starting with Ethereum Virtual Machine (EVM) chains and expanding outward, BENiBOT will support cross-chain trading, offering versatility across multiple blockchain networks.
Important Links
Official Announcements Stay updated on BENiBOT through official announcements on:
X: @BENiBOT_io | @Benionbase
Telegram: BENiBOT CTO Channel
Dedicated Website BENiBOT's official website, Benibot.io, serves as a hub for new users, offering a Telegram portal and a detailed how-to manual.
Beni Home Page BENiBOT will also be featured on the Beni homepage: Benithedog.com.
Wallet / Private Key Security
BENiBOT generates Ethereum wallets using the trusted and widely adopted Ethers.js library, adhering to top-tier cryptographic standards, including ECDSA and secp256k1. Wallet private keys are encrypted with AES-256-CBC, ensuring strong server-side protection.
Important Security Note: Security is a shared responsibility. While BENiBOT implements stringent measures to safeguard its platform by using well known service providers like Infura, CoinGecko and DigitalOcean, users must take care to:
Securely store their private keys.
Never share their private keys with anyone.
This collaborative approach ensures your funds remain safe and fully under your control.
Disclosure
Private Key Warning Always secure your private key before interacting with BENiBOT. Losing your key will result in permanent and irreversible loss of access to your funds. BENI and BENiBOT cannot recover lost keys. Users can access their private keys anytime via the “Settings” menu. Practice diligent wallet management.
Investment Disclaimer BENiBOT offers no guarantee of profitable investments. BENiBOT guarantees profit or return. BENiBOT does not endorse any tokens traded through its platform. Engage thoughtfully and invest responsibly.
Stay based, stay Beni
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