Monthly Recap — June 2021

It’s time for everyone’s favorite event of the month, the UpBots monthly recap! This time we discussed all the progress the team has made in live stream format.

Ben and Neil dove into all the happenings of June which included a riddle challenge for another UpBots NFT, several new AMAs, lots of new platform features, and…the launch of phase 2!

If you prefer your monthly recap in video format you can check out the full live stream below on YouTube.

Growth statistics

1. 7741 total users

2. Avg of 33 new accounts per day

3. 1.5M TLV in the staking pool

4. UBXT market cap — $10.6M

5. Token ATH — $0.105

6. Current price +/- $0.03

The UpBots platform’s user base is continuing to grow steadily. Our total user base is nearing the milestone of 8000! With an avg of 33 new accounts per day, we’re hoping to hit this number soon.

Phase 2: Launched

Perhaps the biggest news of June is the launch of phase 2. During this phase, Battalion members were invited to test UpBots features. As we near the end of phase 2, these tests have so far been positive and the system is working exactly as it should.

The team has adapted some processes to optimize for user experience. Soon we will enter phase 3, and that means, launching the beta version of UpBots for all.

UpBots DAO

The first version of our DAO system has been implemented and just wrapped up its first campaign. UBXT holders had the opportunity to vote on a name for our bot mascot. This vote helped with testing and receiving user feedback.

Ultimately, the name decided upon was…Savvybot! DAO v2 is currently in the works with the goal to make voting more comprehensive.

Marketing

ATH to celebrate in June

The UpBots Twitter celebrated several ATHs which included:

• 4x the weekly engagement
• 4x the link clicks
• 4x the Tweet impressions
• 5x the RTs
• 6x the likes

Seeing this growth on Twitter showcases the hard work the team has been putting in to push content and updates.

Partnerships

There are also several new partnerships that we’ve locked down in June:

• BitMEX — trading software partner
• Mercor Finance — will allow Python algo devs to incorporate machine learning into trading bots
• Tax Integration — not yet finalized but currently being worked on

NFT month 3

NFT month 3 competition is currently off and requires participants to answer challenging riddles. Each riddle is posted randomly to our Twitter account.

The grand prize for this month is The CHARTER NFT card. So far between 30–40 entries per riddle have been recorded, and there are more surprises to expect!

Algo dev recruitment

The marketing team has begun campaigns to actively recruit algo developers to the platform. There are several tactics we are implementing to locate, contact, and recruit algo developers right now.

Getting more algo devs on UpBots will allow for phase 3 to include lots of juicy new trading bots to choose from.

If you are an algo dev and are interested in working with us then please contact marketing@upbots.com for more info.

Reviews & interviews

As of now, we have a journalist and influencer reviewing UpBots. Given the current market conditions, we decided to put a hold on influencer activity until more favorable conditions return.

The market we are facing right now is good for PR/publicity since “sell the news” isn’t an issue.

Website Update

Marketing has a new content calendar in-store with new ideas. A lot of key points about UpBots didn’t seem to be effectively communicated, so we’ve unrolled plans to curtail content for this.

AMAs & Livestreams

A total of 5 projects/platforms joined the UpBots community for AMAs in June:

• Babylons
• HyperJump
• Beefy Finance
• External AMA w/ BigCoin Vietnam
• TomoChain

We’re certainly looking forward to having more AMAs with awesome companies! If you wish to collaborate with us for one then let us know!

There are also plans for more live streams that will function similarly to a podcast. Ben will join Neil when he can and there are plans for guest interviews, news, and project updates.

Marketing in July

Strategy

The direction our marketing strategy will take in July will depend upon how the market behaves. Nonetheless, we are prepared for both ways the market may turn.

For the bulls, we will spend budget on influencers and ads. If the bears persist we will continue to hustle with organic, guerrilla marketing & growth hacking.

Phase 3 launch

Once the beta version launches in phase 3 we will make a push to convert as many users to bot users as possible. Marketing will look to encourage people who have not yet signed up for an account to try UpBots out.

Edu-marketing

With our edu-marketing strategy, we’ll center our content around showing our audience how bot trading is really simple and great for newbies to use without fear. Paid ads, virtual seminars, and beginner videos all play a role in this campaign.

Usual operational activities

Marketing will continue its usual activities such as email, partnership development, and social media.

IT Developments

Here is a full list of all the IT developments during June.

Performance fees live testing

Internal testing is completed — Battalion members are now live testing performance fees.

UX improvements

Improvements have been made to wallet UI, UBXT deposit UI integrated (Battalion testers only), multiple UX/UI fixes to performance fees and wallets have been made.

UBXT wallets Battalion testing

UBXT wallets and allocations have been enabled for testing by Battalion members.

New algos

Several new algo bots (Optimus/ I-Robot / TomoChain) have been launched and are live.

Performance fees

Multiple major updates made, Battalion testing in phase 2 is at 80% completion, algo testing with performance fees is currently happening.

Google/FB log in

Implementation of log in with social networks is live. Users may use either Google, Facebook, or email to create an UpBots account.

Mobile App

Version 1 of the mobile app is now completed, Battalion & public testing is underway with a feedback phase coming soon.

Hot wallet

Implementation of the TrustWallet via WalletConnect is done.

Coming Soon

Performance fees system (Phase 3)

Phase 3 is planned for the coming days as the Battalion finishes up their testing in phase 2.

Bot Creator

Simple strategy — linked to TradingView alerts — status: ongoing

Refactoring front-end

Complete refactoring and design v1.0 — status: 90%

Mobile app

V1 currently in testing phase for Android

Others

• Over 10 new algo bots (ongoing)
• Algo dev view — performance (finished)
• Margin trades — 35%
• Vault — stake stable coins, earn UBXT + stable coin (in testing)
• OkEx exchange: manual tardes + algo bots — (ongoing)
• Social copy-trading — (ongoing)
• Courses Marketplace

Hope you’re now all updated on UpBots news! Will see ya again next month!

And now a meme from our community….

Have a question regarding the UpBots platform or our algo bots? Come join our Discord server!

Want to receive the latest UpBots company news and updates? Come join our Telegram channel!