Due to the massive hype that cryptocurrency trading has generated in the past few years, almost everyone wants to benefit from this mechanism. This especially holds true for those who have been trading cryptocurrency for a while but want fresher and more modern options to buy and sell their digital assets.
For these cryptocurrency enthusiasts, Tokémon brings about a highly interesting solution that is different from many other conventional trading bots. With its interconnectivity with Telegram, its social insight tracking with Twitter, and its expanding compatibility with decentralized exchanges (DEXs), the solution seemingly has everything it needs to create positive buzz.
To see whether or not Tokémon holds up to its marketed fervor, here’s a review of the solution, its features, and its overall suitability for cryptocurrency traders.
⌛ What is Tokémon and How Long Has It Been in Business?
Based on the Ethereum blockchain, Tokémon is an automated cryptocurrency trading bot that doubles as a crypto portfolio management solution. It works with ERC20 tokens and gathers insights regarding related digital assets that you choose to track.
By using this data, it makes automated trades through related decentralized exchanges (DEXs) by using your preferential trading strategy. At the time of writing, Tokémon only supports Uniswap V2 for trades, but it plans to add Uniswap V3 and Pancakeswap compatibility to the mix soon.
Launched in early 2021, Tokémon has its own eponymous utility token (TKMN). The solution brands itself as a cryptocurrency trading and insights bot, with the descriptor applying pretty aptly due to its overall mechanism.
Apart from its blockchain-based operations, Tokémon also stands apart from conventional crypto trading bots or portfolio management apps by integrating its functions with Telegram.
For instance, whenever you add an ERC20 token to your mix of preferred cryptocurrencies, the Tokémon bot starts to follow its pricing. When the token reaches a price point that you originally wanted to trade around, you can receive Telegram notifications. This also applies to any Telegram buzz that the respective token is generating for its trading.
This allows you to either take manual actions to buy and sell cryptocurrency or let the bot perform automated activities to execute swift trades through the system. The interesting part? You can direct your bot to perform these actions directly through Telegram.
Besides being a cryptocurrency value management and trading bot for ERC20 tokens, Tokémon is also a social media and messaging tracker. Through its ability to keep an eye on Telegram messages as well as Twitter handles, the program keeps you informed on all the latest updates that come from your preset or favorite accounts.
This particular set of features makes Tokémon stand apart from a slew of other cryptocurrency bots that work on a traditional mechanism. At the same time, Tokémon’s limited compatibility that’s restricted to only ERC20 tokens and decentralized exchanges makes it quite restrictive as compared to fully-fledged trading bot options that work with a slew of cryptocurrencies and traditional exchanges.
💡 How Reputable is Tokémon?
Tokémon is quite a new solution that has not had time to build steam as of yet. Since the trading bot was properly launched just at the start of 2021, its overall community following and audience is pretty limited.
For instance, a majority of its user base comprises those cryptocurrency aficionados who either harbor a certain excitement about using innovative solutions or who keep track of up and coming cryptocurrency trading bots.
With that being said, it is pretty early to tell if Tokémon will make a tremendous impact on the cryptocurrency industry. Since the bot is new and holds subversive features, it might need some time before it is able to attract typical or even newer crypto traders.
But this is quite understandable due to how Tokémon is still in its infancy. With just above six months of public use under its belt, Tokémon has a long way to go. Until then, deciding its reputation against behemoths of the segment is not fair to the program or the small community that seems to be quite taken by its features.
👌 How Much Does Tokémon Cost?
Tokémon uses its native token TKMN for payments. This means that if you want to utilize the solution, you need to purchase TKMN from a DEX on the Ethereum blockchain.
This makes the process a bit complicated. But given that TKMN is a solution for tech aficionados, it seems simple to the platform’s major target audience.
The simplest way to buy TKMN is through Uniswap, which is based on Ethereum. Through the exchange, you can convert your Wrapped Ethereum (WETH) into TKMN with the value of TKMN differing slightly with daily fluctuations.
Tokémon has a total of 5 pricing plans at the moment, which differ in terms of costs as well as available features. While the starter plans let you use the basic features of Tokémon, the top 2 plans give you enhanced capabilities such as wallets and advanced trading.
The pricing plans range from Customizer to Master, with their prices outlined below.
- Customizer: 1 TKMN
- Follower: 2 TKMN
- Aggregator: 4 TKMN
- Trader: 7 TKMN
- Master: 10 TKMN
😎 How Easy to Use is Tokémon?
Tokémon is designed with those users in mind who utilize blockchain features through Ethereum and modern apps such as Telegram on a regular basis. As a result, from its payment deposits to its transaction execution, the solution requires at least moderate proficiency with modern technology. If you have never traded cryptocurrency before or don’t know how to buy and sell obscure tokens such as TKMN, you might find the program difficult to use.
Being acclimated with Telegram is yet another requirement that is not presented with other cryptocurrency trading platforms, but which exists prominently in Tokémon. It is because most of Tokémon’s sought-after features are based on its integrations and connectivity with Telegram.
If you don’t use the program or don’t intend to utilize it in combination with Tokémon, you are going to miss out on some highly interesting features that are only available through Telegram.
Other than that, Tokémon does have an appealing user interface (UI) and also holds a detailed documentation section on its website to explain its features. If you are familiar with blockchain apps or any modern online solution, you may not feel out of place.
With this basic knowledge, you can breeze through the learning curve that is no more difficult than a walk in the park for tech enthusiasts.
🛡️ What Kind of Security is Offered?
Tokémon is based on the Ethereum blockchain, which gives it the power of decentralized technology. The platform also conducts its transactions in TKMN tokens in order to further add to its overall security. The website is also delivered through the HTTPS protocol that enhances its security to the next level.
When put together, this makes Tokémon just as secure as any other hybrid or decentralized app that interconnects conventional web apps with blockchain technology. In turn, you can rest assured that you can count on Tokémon to provide you with enhanced security without compromising on its core feature at any point in time.
This makes Tokémon a suitable solution for those who want to see what the power of decentralized apps can do in terms of adding convenience and profitability to cryptocurrency trading. With that being said, it is better to stay vigilant and only use a limited amount of funds for trading through the platform. This makes your funds safer and helps you steer clear of unfortunate incidents.
👨💻 How Good is Tokémon Customer Support?
While Tokémon is a fully working product, it is still updating on an ongoing basis with regular feedback from its users. Due to this reason, the Tokémon team pays special attention to its audience, so it can update required program features while also answering relevant questions.
The main source of contact at Tokémon is Telegram, which comes as no surprise after reading about the cryptocurrency bot’s main slew of features. But if you use Telegram actively, you may find no problems in using the solution to reach out to the Tokémon team or the relevant community for that matter.
Apart from Telegram, you can also find a form of support through the platform’s documentation as well as its Medium blog. Both of these avenues offer you targeted yet helpful information that makes it easier to use the platform.
💸 How Profitable is Tokémon?
Tokémon doesn’t explicitly outline its profitability to its users, which is a safe, sound, and ethical approach to manage users’ expectations. It’s because cryptocurrency trading is a highly volatile investment mechanism, which makes it impossible to judge how profitable a certain program can be in the future. In many cases, even past references don’t amount to much, because those values can fluctuate when put in the present setting.
Due to this reason, while you can expect Tokémon to perform well, don’t put a specific number to it. Instead, keep an eye on the cryptocurrency bot and only invest an amount of money that you can afford to lose. This provides you with a responsible way to go about your cryptocurrency trading adventures.
📢 Conclusion
Tokémon is an innovative and subversive take on typical cryptocurrency bots. But it is only ideal for those with sufficient knowledge of the tech scene. If you can identify with this category, you might enjoy using this crypto trading and insights bot to the hilt. Otherwise, looking at a traditional trading solution would be a better option.