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Copy Trading

Copy trading is the premier feature of the Telefrens SocialFi bot by Collab.Land. Creators can create and share links for their Pass Holders to use to trade crypto tokens with only a single click. Actualize your alpha and earn money from your following today with copy trading!

Telefrens logo with Telegram Bot label

How to Earn Money from Copy Trading​

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The Telefrens YouTube channel has a full copy trading tutorial.

Creators earn an affiliate fee from every trade executed using their copy trading link of 1% of the trade value.

Here are the step-by-step directions for creating, sharing, and executing a copy trade using the Telefrens bot on Telegram.

  1. Type /copytrade in DMs with the Telefrens bot or use the command from the Telefrens bot menu in Telegram DMs.

  2. Click on "create copy trade link."

  3. Select a token for trading. Telefrens uses OKX DEX on the Arbitrum blockchain and only supports those tokens currently.

  4. Decide whether to restrict the copy trade link to your Pass Holders only.

    • Skip this restriction if you want the link to be open to everyone.

  5. Submit your copy trade.

  1. Copy the copy trade unique link.

  2. Share this link with your contacts or in a group to enable others to copy trade the selected asset by opening the link.

3. Pass Holder Executes the Copy Trade​

Start with the copy trade link received from a friend or a contact.

  1. Open the link to view the token available for copy trading (e.g., $USDC).

  2. Ensure you have sufficient funds in your Telefrens smart account. Telefrens trades ETH on Arbitrum.

tip

If you need to deposit funds, follow the instructions provided in the Telefrens interface. Check out the deposit tutorial on YouTube.

  1. Enter the amount you wish to trade (e.g., 0.001 ETH) in the prepopulated app and set your slippage preference.

  2. Confirm the transaction if the details meet your expectations.

    • You will receive a DM confirmation from the bot upon successful submission of the trade request.

    • Check the status of your trade either through the explorer link provided by the bot or in your Telefrens app smart account transaction history.

Remember, this process is specific to the Telefrens bot and involves transactions on the Arbitrum blockchain. Ensure you have a clear understanding of the trading fees, gas fees, and the functionality of the Telefrens bot before proceeding.