BETA BSC | TeleSwap

[BOT-TI]

TeleSwap

With this Telegram bot you can easily send transactions on available networks and swap tokens through decentralized exchanges.
Currently the bot operates on Binance Smart Chain and you can swap any tokens on PancakeSwap decentralized exchange.

Routers & Factories:
To enable users to buy, approve, sell tokens or set slippage, the system needs to utilize different contracts from decentralized exchange services.
These contracts play a vital role in facilitating various transactions within the decentralized exchange ecosystem.

PancakeSwap:
Router v2: https://bscscan.com/address/0x10ed43c718714eb63d5aa57b78b54704e256024e
Router v3: https://bscscan.com/address/0x13f4EA83D0bd40E75C8222255bc855a974568Dd4
Factory v2: https://bscscan.com/address/0xcA143Ce32Fe78f1f7019d7d551a6402fC5350c73

What you can do with the bot?
- Generate a new wallet.
- Deposit to the wallet
- Withdraw from the wallet
- Buy, approve and sell tokens.
- Set slippage from 0% to 100% for any swap
- Unwrap

[Husires]

I did not find any mention of users can get the private key or seed, which means that the service is centralized and the bot can scam you and steal all your coins.

Since the service is central, will you require additional data such as identity verification? If this is not possible, and since you will apply gas fees, why is there a need to create a new wallet inside the bot instead of linking the wallet that was created previously?

Will all transactions take place onchain or will they be inside the bot?

[alankasman]

I did not find any mention of users can get the private key or seed, which means that the service is centralized and the bot can scam you and steal all your coins.

Yes. The OP didn't mention that the user can gain control over the wallet like the seed phrase.
If this is not mentioned in how to use the bot and what can be done with the bot, I am afraid that the coins and tokens produced will be lost without the user's knowledge and I do not mention that the user's coins can be stolen even though the purpose of losing without knowledge is being stolen.

[Husires]

I did not find any mention of users can get the private key or seed, which means that the service is centralized and the bot can scam you and steal all your coins.

Yes. The OP didn't mention that the user can gain control over the wallet like the seed phrase.

BOT-TI mentioned withdrawal fees, and if he cannot control wallet, how will he be able to impose those fees, especially since they are fixed and are 1% and not gas fees or mining fees. I have no problem if he said that the service is central, but then there are services that are better, faster, can be used from Telegram and do not require gas fees.

[BOT-TI]

I did not find any mention of users can get the private key or seed, which means that the service is centralized and the bot can scam you and steal all your coins.

The service is central, yeah. Users can withdraw and send transactions from the wallet by using the bot.

Since the service is central, will you require additional data such as identity verification? If this is not possible, and since you will apply gas fees, why is there a need to create a new wallet inside the bot instead of linking the wallet that was created previously?

No, currently there is no need for KYC. Estimated gas fee for any transaction are calculated automatically. There is no extra gas fees, except the 1% withdrawal fee which is deducted from the total withdrawal amount.

Will all transactions take place onchain or will they be inside the bot?

All transactions will take place on-chain and can be tracked on the blockchain explorer.

Btw, made alot of edits to the original post.

[Husires]

The service is central, yeah. Users can withdraw and send transactions from the wallet by using the bot.
All transactions will take place on-chain and can be tracked on the blockchain explorer.

Uniswap is a decentralized exchange, you can create a wallet away from uniswap, connect it and then all transactions will take place on-chain. If your service is centralized and you keep the private key of the user, why do transactions take place on-chain? it is an additional fee and the user still has to trust you. The advantage offered by Uniswap was that even if exchange was hacked, your tokens were safe, but in the case of TeleSwap, if the service servers were hacked, you lost your tokens.

Estimated gas fee for any transaction are calculated automatically. There is no extra gas fees, except the 1% withdrawal fee which is deducted from the total withdrawal amount.

Can't gas fees be controlled and adjusted manually?

[BOT-TI]

The service is central, yeah. Users can withdraw and send transactions from the wallet by using the bot.
All transactions will take place on-chain and can be tracked on the blockchain explorer.

Uniswap is a decentralized exchange, you can create a wallet away from uniswap, connect it and then all transactions will take place on-chain. If your service is centralized and you keep the private key of the user, why do transactions take place on-chain? it is an additional fee and the user still has to trust you.

I am not sure do I understand what you mean by 'additional fee'. There is no additional fees, except if the user withdraws the native coins out from the wallet. All fees what user need to pay is the fee of the transaction, just like users need to pay fees when transact through PancakeSwap. So in a nutshell you can't run away from the transaction fees even you would want that. Transactions will take place on-chain to let the users track their transactions as much as they want. I could allow users to import their existing wallet to the system, but it's easier and a lot safer for the users to just create a new wallet. And also if it would be possible to import the existing wallet, I wouldn't be able to collect the 1% 'dev fee', which would be out of my table and the future of the service.

The advantage offered by Uniswap was that even if exchange was hacked, your tokens were safe, but in the case of TeleSwap, if the service servers were hacked, you lost your tokens.

Every centralized service could be hacked by anyone so the TeleSwap is not an exception here.

Estimated gas fee for any transaction are calculated automatically. There is no extra gas fees, except the 1% withdrawal fee which is deducted from the total withdrawal amount.

Can't gas fees be controlled and adjusted manually?

Currently it's not possible to adjust the gas fee manually, but will be implemented in the future.

[BOT-TI]

Videos:
How to buy: https://streamable.com/0wm6ck
How to approve: https://streamable.com/1oh0w7
How to sell: https://streamable.com/xtww1y

[alankasman]

Yes. The OP didn't mention that the user can gain control over the wallet like the seed phrase.

BOT-TI mentioned withdrawal fees, and if he cannot control wallet, how will he be able to impose those fees, especially since they are fixed and are 1% and not gas fees or mining fees.

I misunderstood it.

I have no problem if he said that the service is central, but then there are services that are better, faster, can be used from Telegram and do not require gas fees.

I also share the same view that if the OP says the service is central it's because I'm not interested in what it offers and would prefer another better service. Of course this is the honest answer for me to say here.

Videos:
How to buy: https://streamable.com/0wm6ck
How to approve: https://streamable.com/1oh0w7
How to sell: https://streamable.com/xtww1y

My suggestion, the video link about how to buy, approve and how to sell is better if you put it in the content of the topic above by editing then saving.
A user viewing this topic can see it when he opens the topic.

[BOT-TI]

I have no problem if he said that the service is central, but then there are services that are better, faster, can be used from Telegram and do not require gas fees.

Just to point out, there are no such services available on Telegram (as far as I know), except now.

I assume that you haven't tried the bot, so I suggest you to try it. The bot is really fast.

[Husires]

I am not sure do I understand what you mean by 'additional fee'.

additional fee is the gas fee. Since you control all the private keys, why is the service not centralized and the transactions updated in the database instead of onchain? I watched the video, the service seems pretty good, keep developing it and write better terms of use and proof of reserves.

[slaman29]

Man, stay away from Telegram bots seriously, unless it connects to Telegram wallet I would never send funds to a bot. It's risky enough as it is to trust a bot that you can't verify smart contract, you're now creating multiple vulnerability by bot - smart contract - Pancakeswap.

Why wouldn't anyone just connect to 1inch itself? Faster, even cheaper??