Community engagement and visibility are quickly becoming the key ingredients to any Web3 project’s success. As new projects and ecosystems emerge, the need for innovative tools that can amplify reach and foster collaboration becomes increasingly vital. One such innovation making waves in the crypto space is RaidSharks.
By offering a customizable tool designed to effectively perform raids, amplify reach, and boost engagement within communities, RaidSharks’ Telegram bot is setting new standards. In a recent interview with The Shib Magazine, the RaidSharks team shared insights into their journey, their contributions to the Shibarium network, and the unique value propositions of their services.
A Vision for Community Support
RaidSharks launched their RaidSharksBot utility in August 2023 with a clear mission: to support communities and projects within the blockchain space. Recognizing the need for enhanced exposure and engagement tools, the team saw an opportunity to provide meaningful support to Shibarium projects.
Shortly after their launch, RaidSharks created a fully customized X Raid Bot to be used by all projects on Shibarium. This marked the beginning of their journey within the Shibarium chain, and they have continued to support Shibarium projects. The team realized that while Shib had a strong presence, it lacked robust raiding tools to boost project visibility. This insight led to the creation of the Shib Raid Bot, a unique tool designed to provide exposure not just for Shib, but for all projects building on Shibarium.
In addition, RaidSharks wanted to help Shibarium projects reward their communities, and what better way to do so than by using the unique, built-in leaderboard feature which has revolutionized the way that raid bots have been used in communities.
The leaderboard feature gives Shibarium projects the power to gamify raids and reward their best daily, weekly, and/or monthly raiders. RaidSharks has been determined to support projects, such as Shibarium communities, by giving them powerful and unparalleled tools to leverage the strength of their Telegram communities.
Introducing the Shib Raid Bot
The Shib Raid Bot, branded specifically for the Shibarium network, was developed as a courtesy to support the growth and visibility of projects built on the platform. “We provided the Shib Raid Bot as a tool. It’s the one and only Shib Raid Bot available,” said the RaidSharks team. This bot is now widely used by numerous Shibarium projects, which include RaidSharks’ outstanding partners, ShibWare and ChewySwap.
The Shib Raid Bot is designed to facilitate collaboration and mutual support among different Shibarium projects. “Our bot can be forwarded to other communities so they can help and support each other,” explained the RaidSharks team. This feature fosters a collaborative environment where projects can leverage each other’s communities to build a more robust ecosystem.
Customizability and Revenue Sharing
One of the standout features of the raid bot is its customizability. Projects can customize the bot to reflect their unique branding and requirements. Furthermore, the RaidSharks bot provides the most user-friendly interface on the market. Projects are able to use and adjust the settings within the bot easily according to their community needs.
With regards to revenue, the RaidSharks team has devised a unique revenue sharing model to incentivize and reward their token holders. “The revenue we gain is split. 50% goes to the project itself, and the other 50% is distributed to the holders of the SHARX token,” explained the RaidSharks team. This model ensures that holders are fairly compensated for their participation, with rewards distributed in BNB due to its compatibility with Ethereum wallets. The distribution is based on the proportion of tokens held, making the process transparent and equitable.
Additionally, unlike traditional staking models, which can be very expensive due to high gas fees on the Ethereum network, RaidSharks’ model does not require any transactions from token holders. Instead, holders simply need to opt-in with their wallets to start receiving their share of the revenue via airdrop. This approach minimizes costs and makes it easier for small holders to participate.
Another innovative aspect of the revenue-sharing model is its flexibility. Holders earn revenue for the duration they hold the tokens, even if they decide to sell before the end of the revenue distribution period. This ensures that participants are not penalized for selling their tokens and that they receive fair compensation for the time they were involved.
Supporting Projects and Driving Value
The RaidSharks team is committed to providing maximum value for projects that choose their white label services. “We try to provide the most value for projects for what they’re getting with the white labels,” emphasized the RaidSharks team. Unlike competitors, RaidSharks offers a true customized white label, where projects receive their own bot, complete with unique graphics, text, and branding, ensuring a seamless integration with their existing identity.
In addition to white label services, RaidSharks generates revenue through unique advertising. The advertising model is particularly innovative, providing detailed metrics on ad performance. “We are able to provide detailed information on the ad performance, so advertisers know what they are paying for.” This level of transparency and precision is reminiscent of web-based advertising platforms like Google Ads, offering advertisers real value for their investments.
A Commitment to Continuous Improvement
RaidSharks is not static; the team is constantly working to enhance its functionality and features. Future plans include the introduction of a premium subscription model, offering advanced features that sit between the free version and the fully customized white label. “Premium subscriptions will offer different functions that are only available to projects who opt-in.” This model aims to provide flexibility and additional value to projects looking for more than the basic free services.
Furthermore, RaidSharks recently unveiled that they are working on implementing AI-generated replies, a method to opt out of verification, and a direct reward model for interactions to continue to push the Raid2Earn movement. RaidSharks continues to deliver value and quality for all projects, and they are proud to provide a tool that fosters community engagement on Shibarium.
As they aptly put it, “We’re not going anywhere. We’re going to be here a long time, and we continue to look forward to working with Shib and Shibarium projects.” This commitment underscores the team’s dedication to fostering a thriving, collaborative ecosystem where every project has the opportunity to succeed and be heard.
