V- ContestAI: a 24/7 bot rewarding buyers.
The inherent problems of buy contests in crypto.
One essential part of crypto projects is the buy contests. It helps to add dynamism into a community, by rewarding the people based on the amount they bought, or on a random transaction. These contests appeal to both experienced and amateur traders alike, as they offer an exciting challenge with tangible rewards that act like incentive to get people excited and engaged. Buy contests also have the potential to drive up prices of coins by creating an increased demand. This added excitement can bring welcomed attention and growth to a crypto project or community. Buy contests are often seen as rewards for being part of the community, so they foster goodwill between members as well. Overall, buy contests can be a great way to keep a crypto community growing and thriving. But the main problem is that even if buy contests sound good on paper, they are dependent on the team's goodwill. Buy contests can become a negative experience for users, for example because of unfairness and also because some of these contests are frauds. Additionally, buyers may have to wait an extended period of time before they can get the prize, because of the lack of reactivity from the team. It is difficult to gauge the integrity of the team behind the buy contest, so buyers must know exactly what they are getting into before participating. The other problem is that buyers who are willing to win can be easily tempted to buy only for the contest, which means that they will sell their bag afterwards. CryptoAI has the answer to these problems: instead of buys contests, we will have a fully automated lottery bot working 24/7.
ContestAI: unleashing the true power of buy contests.
Introducing ContestAI, the Telegram bot that makes buying contests obsolete. Automated lottery and biggest buy contests for crypto projects offer a number of advantages to both crypto investors and crypto teams. Our bot automates the entire process of entering and winning the lottery or the biggest buy contest, so you will never have to worry about claiming or waiting for your prize. There are 4 modes available:
Mode raffle: Every 0.1 ETH buy will act as a lottery ticket that gives you a chance to win. The more ETH you spend to buy, the more tickets you have, and the more chances you get to win what is in the lottery pool.
Mode biggest buy: ContestAI can be used to manage biggest buy competitions. The biggest buyer during the contest time wins the pool. Buys are cumulative.
Mode mixed: ContestAI can be used to manage biggest buy competitions and random lottery buy competitions at the same time. In this case, the prize will be divided between the two winners.
Mode target: a target price is set up, and the buyer who is the first one to reach it wins the prize.
With its automated processes, all you have to do is buy, and our bot will take care of the rest. Say goodbye to tedious manual contests — let our Telegram bot do the work for you. How does it work? Once a contest starts, the bot will constantly scan the blockchain to search for buys linked to a selected pair on Uniswap. When the time is up, a random buy and/or a biggest buy will be selected and will win the ETH from the lottery pool. The lottery pool can be linked to a tax in the tokenomics of a project (it's the case for CryptoAI), or can be filled manually with ETH. When someone wins and a wallet is selected, the bot will automatically send the prize to the winner, without any need to intervene. The whole process is automatic. Depending on the parameters chosen for the bot, a new contest will then automatically start, or will be manually launched by the person who has access to the bot. Our bot will be functional in our Telegram group and will be usable later for any project that wants to implement it to have fully automated 24/7 contest. It will also have an ad space similar to the MultiAI and CryptoBuys ones, with a percentage of revenue redistributed to our holders via staking. This bot is therefore another piece in the CryptoAI ecosystem. Let's now take a look at RaidAI, which is another useful tool for crypto projects.
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