The $MIBOT team has not solicited any outside investment in our token. The initial liquidity was entirely self-funded. No recipients of the $MIBOT token from our team have in any way invested money in this project at the time of the receipt. Additionally, when people staked their eBASE, they had no knowledge of this upcoming claim, as we have kept the information regarding its release entirely confidential. The $MIBOT team will make no direct effort to increase the price of the $MIBOT token. While we will update platforms such as Dextools, Dexscreener, Coin Gecko and Coin Market Cap with the appropriate information for transparency purposes, we will not be hiring any marketers, “callers,” KOLs, or otherwise, to promote the token. Anyones decision to promote this token is entirely of their own accord. The use of any automated bot in any market is necessarily prone to failure by abrupt, random changes in the market. This is particularly true in crypto markets, where volatility is heightened. The team makes absolutely no guarantees regarding our success using this bot. We can certainly lose money using it. The bots backtesting, our prior personal experiences, any previous PnLs, and other statistics regarding the algorithms prior performance are all in no way definitively indicative of future performance or returns. There is no way to know for certain if the algorithm will repeat any of these performances. Your use of this trading bot and your participation in this project is entirely at your own risk.

Based on historical data, the bot has been most profitable when it trades on the longest time interval (1D) and has been decreasingly profitable as it trades shorter timeframes. The longer the timeframe, the less frequently the bot will trade. So the bot will trade most often at the 1second (1S) timeframe, and the least often at the 1D timeframe. The bot responds to volatility in the market. The more volatility there is, the more trading will occur, but that also makes it more difficult for the algorithm to predict future movements. Shorter timeframe, higher risk, longer timeframe, lower risk. For this project, we will be directing the bot to trade on the 30m timeframe. The 1HR and 2HR timeframe historically has an high profitable trade hit rate, with a high ROI. More information on the bots backtesting and prior simulated returns is available on the Backtesting portion of this website.

A quick summary is this: The AI was trained on trading methodologies and then fed an insane amount of chart data. It was then coded up in Pinescript and put onto TradingView (Pinescript is Tradingviews custom language). It responds to any chart we apply it to and when the appropriate conditions are met, it returns a call of either Long, Short or Close. We then added our own custom bot to listen on a local machine and execute these trades on DyDx. Whenever it posts a long, short or close, it sends an alert to our listener with a custom message containing the attributes of the trade at hand.

We believe in the future of this trading bot, and had great success with it on Base, but it's time that we leveled up to a larger market. We further believe that the implementation of a publicly available algorithmic trading bot, driven by the volume of a token airdropped to our eBase community at no cost, will help instill a sense of community and commitment to algorithmic trading, with a great potential for mass adoption and onboarding. Long term, our plan is to make our trading bot available for individual, customizable use. In a way, The Bot Fund will serve as a public proof of concept for that long term goal. Please note that any future plans in that regard will be separate from this project.