Here’s a look at the milestones we’ve reached and everything you need to know about the upcoming feature releases and roadmap updates.
The Product
Our QLixBot Telegram-based bridge & mixer bot has reached close to $200,000 in transaction value with over 300 transactions in total since our launch a few weeks ago.
The most frequent patterns included bridging ETH to SOL and vice versa, as well as bridging ETH to stablecoins like USDT and USDC.
Currently, the bot allows bridging and mixing assets across 7 different chains. Users can choose to import their wallets for an easier experience, or send assets to a designated deposit address manually, in which case importing a wallet via private key is not required.
All transactions made via the bot are posted as notifications in our Telegram community group, and all transactions over 0.75 ETH are auto-posted on the official X account.
Product Fee Tiers
The bot currently offers 3 fee tiers, activated depending on user’s QLIX token holdings as follows:
- Tier 1 [Standard, non-holders] — 0.8% transaction fee
- Tier 2 [Holders, over 500 tokens] — 0.4% transaction fee
- Tier 3 [Premium, over 5,000 tokens] — 0% transaction fee
Transaction Fee Buybacks
100% of all collected transaction fees are used to buyback & burn the QLIX token, increasing its market value and scarcity. We have made our first buyback & burn from bot fees on June 18th where 1% of the supply was bought and burned.
QLIX Token
The liquidity pool tokens lock will be extended for an additional 4 months on June 25th, 2024, to further demonstrate our dedication to building one of the best Telegram bots and projects in the market. All tokens allocated to team remain untouched to this date.
As mentioned in the previous section, all fees earned through bot operation are and will be used to buyback & burn the token, making it a deflationary asset. Part of trade tax is also used to strategically buyback the token, to be used for project operations.
Upcoming Product Features
Coming up: Cross-Chain Swap
The next major bot upgrade to release — the cross-chain swap — is in the late development stage. The bot already supports cross-chain swap for some of the more established tokens on different networks, however it is not officially released yet and is in the testing and fine tuning stage.
Planned: Portfolio Tracker
As outlined on the original roadmap, this feature will display the tokens that users have in the wallets imported, their total value, and additional stats.
In progress: Fiat On-Ramp
We have already applied for fiat on-ramp to integrate with our bot, the application is in review. The feature will allow users to buy crypto with fiat, directly through our bot.
New: Token Dust Auto-Selling (on Ethereum)
A new feature to be added to our product roadmap will allow users to auto-sell their dust tokens on Ethereum, as the bot will monitor GWEI and sell them when the value to be sold is higher than GWEI.
Roadmap Updates
Having monitored market trends, bot and token performance, as well as hearing feedback from our advisors, investors, community, we’ll be optimizing our roadmap to ensure sustainability and growth of the project.
Replaced: Revenue Share System
Instead of using the transaction fees for holder revenue share, we will be using the fees for token buybacks and burns. To make the revenue share system sustainable and rewarding enough, it would require immense transaction volume to generate enough fees to reward all the holders. In contrast, it takes less volume to make meaningful, impactful buybacks on the chart that promotes healthy chart action.
Introducing: User Referral System
A new addition to the ecosystem is the referral system that will allow users to create referral links and earn rewards. This will be one of the strategies the team will use to gain product adoption, which is the next key focus of our roadmap. Currently in the planning stage, more information about this will be shared this month.
Product Adoption Plans
With the bot product gradually becoming more stable, efficient, and feature-packed, our priority becomes its adoption in crypto communities. Along with the referral system mentioned above, we will be reaching out to other, more established Telegram bots, as well as web-based services to strike partnerships and QLix integrations that will increase our user base and visibility. We expect to have our first partnerships announced in July 2024.
