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thoughtcrimeboss
@thoughtcrimeboss
$BNKR is a month old Clanker token on Base for the @bankr project, “your friendly AI-powered crypto companion”. What the Bankr Bot does is allow users of Farcaster, and soon X, to buy and sell tokens using natural language within their Farcaster client or the X app. Don’t worry there is no need to give an AI control over your main wallet, instead you preload your Bankr Bot wallet with funds and then whenever you want you can tag Bankr in a post to make a transaction or get information about your portfolio. For example, you can post and tag @bankr on Farcaster or @bankrbot on X and says something like "buy me 10000 $BNKR please" or "swap half of every coin in my portfolio into ETH". You can also get information such as "what are the top 10 clanker coins right now?". This enables very low friction token trading. Instead of having to get the token address, pick a DEX, and manually approve the transaction on your wallet, you can just tag Bankr Bot and let it do all the work for you in seconds.
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thoughtcrimeboss
@thoughtcrimeboss
This allows users to quickly ape into a new project as soon as they read about it on Farcaster or X if they want to, or do any other trades they want. More features are coming and I imagine that soon Bankr will be like your own personal trading assistant. Besides giving you valuable information and allowing you to quickly make trades without leaving your Farcaster client or X, Bankr also plans to allow for more complex trades and limit orders, such "Sell $BNKR if it goes up 50%", as well as adding support for chains other than Base, with Solana being the next target. Bankr is always watching the market and will execute your trades for you while you sleep. It will take away all the normal complexity of trading crypto tokens, such as dealing with exchanges, wallets, token approvals and bridging from one chain to another. Bankr replaces all that mess with a simple text based chat interface that is incredibly easy to use.
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thoughtcrimeboss
@thoughtcrimeboss
Using Bankr Bot is giving us a preview of the future of finance, this is how it should be, access able to anyone who can string together a coherent sentence. Now the question is, should we invest in the $BNKR token? Full disclosure I have already invested a small amount in the project, buying some at 1 million MC, some at 13 million, and more at 20 million where it currently is. My first target for this coin is a 250 million market cap, but I believe that it could go well past that. One of the features Bankr Bot will be implementing soon is it will began using a portion of the 0.8% it makes in fees off each trade for buying back $BNKR tokens, creating an incentive for hodlers to use the Bankr Bot. If Bankr manages to get a decent amount of DAU, the fees will start rolling in and this will be a positive price catalyst. Does Bankr have a moat? Well the main question I asked myself when researching it was what would stop someone else from launching the exact same thing? Nothing is the answer.
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thoughtcrimeboss
@thoughtcrimeboss
However it does have a moat in the form of a head start on the competition, and it already has a user base in the Farcaster community. The key to the success of the $BNKR token and project is growing that loyal user base, developing an ecosystem for those users, and making the token attractive to investors by generating steady revenues. That loyal base of fee generating users, if they are happy with Bankr Bot and it's features, are unlikely to switch to a competitor. I looked into who appears to be the lead developer, although not the creator of Bankr Bot, @deployer, and they are apparently a respected member of the Farcaster community. They bring with them the power of some other communities that are supporting 0xdeployer and Bankr Bot, including the TN100X/HAM community and the mfers NFT community.
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thoughtcrimeboss
@thoughtcrimeboss
When Bankr Bot launches on X, if it can also gain adoption from the broader crypto community, than I could see this token being a key player in the new ere of deAIfi. A potential sign of things to come was the very popular AI agent on X, AIXBT, mentioning Bankr recently, if Bankr gets wrapped up into the larger AI agent meta with a collab of sorts with AIXBT, then it has the potential to really run. None of this is financial advice but I wouldn't fade this one, I think I'm going to go buy more right now.
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