AllianceDAO Investment, Token Market Cap Exceeds $10M, Polycule Created a TG Bot for Polymarket

As the demand for mobile-friendly tools among crypto-native users continues to grow, prediction market platform Polymarket has introduced a more user-friendly access tool.

Polycule is a lightweight Telegram bot designed specifically for Polymarket, aiming to streamline the prediction market trading process and lower the entry barrier. Users can participate in on-chain YES/NO bets directly through Telegram commands, covering popular topics such as politics, sports, and cryptocurrency, without needing to open a webpage or install additional applications.

On June 7, Polycule founder krish announced on X platform that the project has received a $560,000 investment from Alliance. Alliance is one of the most influential startup accelerators in the Web3 space, and this funding round will be used for product refinement and ecosystem expansion.

This announcement immediately sparked a strong market response. At the time of writing, the platform's token $PCULE saw a significant surge in price within 24 hours, achieving nearly a 200% increase before entering a consolidation phase. The token was released by Polycule founder krish on the bellive platform on May 18.

From Chat Trading to Token Flywheel

Mobile Trading + Group Socializing, Building a New Gateway to Prediction Markets

Unlike the traditional web-based trading experience, Polycule has migrated the prediction market to the Telegram chat environment. Users only need to add the bot @polycule_bot to engage in full-chain trading operations via commands. For example:

1. Paste any Polymarket market link into the chat box, and the bot will automatically load the corresponding market.

2. Enter /trending to view the trending market list.

3. Enter /buy YES 50 to bet $50 on the "YES" option.

4. Enter /positions to check your current holdings.

One of the highlights of Polycule is its robust group support and social trading features. Setting it apart from the traditional trading interface, Polycule offers "social broadcasting" within groups. When users add the bot to a Telegram group, all trading actions are automatically broadcasted, facilitating member communication on strategies, tracking others' activities, and creating a real-time collaborative trading atmosphere. This mechanism transforms the prediction market from an individual activity into a collective experience, allowing users to learn from each other's strategies and insights in real time.

Furthermore, Polycule breaks through geographical limitations. Currently, Polymarket is restricted in usage in regions such as the United States, and lacks an official native mobile experience. Polycule leverages the global ubiquity of Telegram to overcome geographical and device limitations, enabling transactions to occur at any time, on any device.

Additionally, Polycule supports Polygon on-chain transactions, allowing users to complete activities such as deposits, withdrawals, and token swaps within the chat interface. Its features also include limit orders, price charts, market alerts, and other advanced options to meet various levels of trading needs.

PCULE Tokenomics and Buyback Model

PCULE is the native token of the Polycule platform, providing holders with a fee discount from 0.05% to as low as 0.01%. Moreover, whenever the fee revenue accumulates to over $10,000, Polycule initiates a token buyback and burn mechanism to increase token scarcity. This mechanism, combined with group transaction activity, forms a self-reinforcing flywheel model.

Fueled by active trading, token price appreciation, and user influx, Polycule is rapidly becoming the primary gateway for prediction market users. Next, the team will launch strategy replication, Solana cross-chain deposits, and more comprehensive group tools to further expand its use cases.

Image Source: Polycule Project Whitepaper

According to the official statement, Polycule will expand to more messaging platforms in the future, introduce strategy following, trader leaderboards, cross-chain deposit support for chains like Solana, and optimize UI and transaction speed.

The introduction of Polycule opens up a new gateway for the prediction market and provides Telegram users with a low-entry pathway to participate in DeFi. With the rise of social trading methods, the prediction market is transitioning from a fringe tool to a community consensus experimental ground.

How Can New Users Start Using Polycule?

1. Activate the Bot: Open the official website, or search for @polycule_bot on Telegram, click Start to begin the interaction.

2. Create or Import Wallet: The bot will automatically generate a Polygon network wallet or allow importing an existing address.

3. Deposit Assets: Transfer USDC to the generated wallet address (Polygon network) to participate in market trading.

4. Explore and Trade in the Market: View the market through commands or place orders directly. The bot will provide a concise interface displaying price, liquidity, and volume information.

5. Join Social Trading: Add the bot to a group to automatically enable group trading broadcast functionality, suitable for DAOs, analytical communities, or interest group copy trading scenarios.

6. Manage Assets: Users can check their balance using /wallet, withdraw funds using /withdraw, or exchange USDC for PCULE using /swap.