Welcome to PocketFi —The ultimate Telegram-based DeFi platform that simplifies cross-chain swaps, token transfers, and wallet management for a seamless crypto experience. This guide provides all the essential information about PocketFi and how to get started, including details on its features, the SWITCH token, everything you need to utilize the platform effectively.
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PocketFi is a decentralized finance (DeFi) platform that operates within Telegram, offering a user-friendly solution for managing cryptocurrency assets across multiple blockchains. It enables seamless cross-chain swaps, token transfers, and wallet management by integrating various decentralized exchanges (DEXes) and bridges. PocketFi aims to simplify complex DeFi operations, making them accessible to a wider audience through its intuitive interface and advanced features. The platform is powered by the SWITCH token, which is central to transactions and rewards within its ecosystem.
● Cross-Chain Swaps: PocketFi enables seamless token swaps across multiple blockchains, integrating various decentralized exchanges (DEXes) and bridges to offer optimal routes and minimize transaction costs.
● Telegram Integration: Operates entirely within Telegram, providing a user-friendly interface for managing crypto assets without leaving the app.
● SWITCH Token: The platform's native token used for transactions, fees, and earning rewards.
● Advanced Trading Tools: Features like sniping and copy trading enhance trading efficiency.
● Referral System: Users can earn rewards by inviting others to the platform.
To launch the PocketFi bot and start using, follow these simple steps:
Step 1: Open Telegram
Ensure you have the Telegram app installed on your device. Log in to your Telegram account.
Step 2: Search for the PocketFi Bot
In the search bar at the top of the Telegram app, type "PocketFi" or "@pocketfi_bot". Look for the official PocketFi bot in the search results.
Step 1: Open the PocketFi Bot
Start by opening the PocketFi bot on Telegram. Click on "Open PocketFi" to launch the mini app
Step 2: Explore the Dashboard
Familiarize yourself with the main dashboard, where you can view your wallet balance, access different features like cross-chain swaps, sniping, and the SWITCH token mining.
Step 3: Start Mining SWITCH Tokens
Begin mining SWITCH tokens by following the instructions. Your mining rate is influenced by your Telegram account score and can be boosted by completing specific tasks.
Step 4: Perform Transactions
Use the bot to deposit, send, swap, or manage your tokens across various supported blockchains directly from the Telegram interface.
Step 5: Boost Mining Performance
Increase your mining performance by completing tasks, inviting friends, or connecting specific NFTs. Remember to claim your mined SWITCH tokens regularly to prevent them from burning.
Step 6: Invite Friends and Earn Rewards
Utilize the referral system to invite friends (Frens) to PocketFi, earning additional SWITCH tokens as both you and your friends engage with the platform.
Sniping in PocketFi is a trading feature that allows users to place token sell orders before those tokens are officially listed on the Ston.Fi platform. This enables users to interact with newly available liquidity pools immediately after they are created. To use this feature, users must deposit a token into their PocketFi wallet, maintain a minimum balance of 0.17 TON for gas, and configure the sniping request by specifying the token address, amount, and slippage settings. Automated selling occurs right after the liquidity pool is deployed.
Copy Trading in PocketFi allows users to replicate the trading strategies of experienced traders across different blockchains. Users can select an asset and chain, and then set up their strategy to mirror the trades of others automatically. The feature is designed with a user-friendly interface and requires a minimum deposit of $100 to participate. This tool simplifies the copy trading process, making it accessible to a broader audience within the PocketFi ecosystem.
The SWITCH token is the native utility token within the PocketFi ecosystem. It is used for various platform activities, including paying transaction fees, participating in governance, and earning rewards. Users can mine SWITCH tokens by engaging with the platform, such as performing swaps, inviting friends, and completing tasks. The token plays a central role in incentivizing user participation and facilitating the smooth operation of PocketFi's features.
The Token Generation Event (TGE) for the SWITCH token is scheduled to occur in Q4, 2024. This event will be followed by exchange listings and other related activities. To stay informed about the latest updates, you can regularly check the official PocketFi documentation and announcements.
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