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Pionex uses AI trading robots to usher in a new era of UBI, committed to building a better World Coin.

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To promote the practice of the UBI concept, Pionex has established the Pionex Brave Fund with an initial investment of 10 million US dollars. This initiative aims to promote the implementation of UBI globally through multiple stages of activities.

Source: Pionex

In early 2020, the COVID-19 pandemic swept the world, and governments in Europe and America implemented quantitative easing policies, actively distributing consumption vouchers, subsidies, and even cash to stabilize society. This moment became a true catalyst for Universal Basic Income (UBI), promoting its widespread implementation at the societal level.

In the first half of 2023, the launch of Worldcoin brought widespread adoption and coverage of the UBI concept in the Web3 field. However, as the price of WLD tokens gradually declined, people began to question how AI can generate productive wealth and promote the implementation of UBI.

Founded in 2018, Pionex aims to balance information asymmetry through trading robots and provide equal opportunities for investors. After 5 years of development, Pionex's AI trading robots have significantly improved users' lifetime value and probability of making money. Currently, Pionex has grown into the world's largest AI trading robot platform with 5 million registered users.

Building on its foundation of AI trading bots, successful operational experience, and outstanding profitability, Pionex has decided to combine its long-standing AI trading bots with UBI. By promoting the widespread adoption of AI trading bots and promoting the equitable distribution of wealth, Pionex is committed to building a better World Coin and enabling more people to enjoy the benefits of the Web3 industry.

Pionex: Landing UBI with AI Trading Bots

In order to promote the practice of the UBI concept, Pionex has established the Pionex Brave Fund, with an initial investment of 10 million US dollars. This initiative aims to promote the implementation of UBI globally through multiple stages of activities.

Phase One: Share Brave Stories and Win an AI Trading Bot

Pionex announced the launch of the #BeYourself campaign, encouraging users to share their brave stories. Pionex believes that users who are willing to explore or are already exploring Web3 are brave individuals who seek to find their inner value and be themselves. To reward these brave individuals, Pionex will invest $2 million and a total of 40,000 trading robots as prizes. As long as you participate in the campaign and share your brave story, you can get an AI trading robot. Each eligible user will receive a $50 AI trading robot called "EB BOT".

Compared to WorldCoin, which requires people to scan their irises all over the world to receive coins, Pionex hopes to truly achieve inclusivity.

EB BOT and UBI Combination: Using AI Trading Bots to Promote Wealth Distribution

EB BOT holds ETH and BTC for a long period of time and uses the fluctuation of the ETH/BTC exchange rate to conduct automated low-buy high-sell arbitrage. When the market fluctuates dramatically, EB BOT will conduct disciplined programmatic trading, generating UBI income that can be claimed and settled in BTC. Compared to World Coin, whose income is entirely dependent on the price of WLD, EB BOT is based on the consensus and support of ETH and BTC, making it more robust.

In the first stage, each eligible user will receive 50 USD worth of EB BOT. Compared to World Coin's weekly distribution of 1 WLD, EB BOT can generate arbitrage income based on market fluctuations every day, as a UBI income that can be claimed. With the rise of ETH and BTC, UBI income will also be further enhanced.

It is expected that during the bull market, the free $50 EB BOT will gain 5-20 times growth value. Through AI trading robot technology, UBI can truly operate in a long-lasting, healthy, and reasonable manner.

Pionex's Expectations

Pionex has been leading the "AI trading robot" trend in the cryptocurrency market since 2018. With years of product and technology accumulation, Pionex provides basic survival guarantees for ordinary investors and brave explorers in the cryptocurrency market.

This time, Pionex is using EB BOT to create an AI trading bot with UBI properties. This represents Pionex's determination to take on more responsibility in serving users, making it easier for them to understand Web3 with lower barriers, and injecting more fresh vitality into the entire market. It's not just about receiving BTC every day, but also a brave social experiment to explore and learn and grow.

Pionex believes that bravery is not only an attitude, but also an ability. We hope that through the implementation of UBI, more users will be attracted to explore Web3 with low barriers to entry, and together we can promote the rapid development of the Web3 industry.