Mixing Assets
Protecting your on-chain privacy
Last updated
Protecting your on-chain privacy
Last updated
As detailed in the previous chapters of this whitepaper, mixing funds can be essential for investors who want to harness their privacy and not reveal the ownership of their wallets. For example, influencers often do not want their wallets to be known, to prevent investors front running their trades. Moreover, crypto exchanges may want to hide the news of upcoming listings. As such, crypto mixers are a widely used tool amongst DeFi investors. Anonbot introduces an easy to use mixing tool with low costs and superior functions to any other available option. Instead of having to use your computer and connecting your wallet to shady looking websites, Anonbot operates solely in Telegram. Simply follow the simple steps in the bot to perform a swap, mix or bridge. Moreover, Anonbot differentiates by offering investors the opportunity to mix and bridge at the same time, or even mix, swap and bridge at the same time, making it the most powerful mixing tool in the market.
The following steps detail the instructions to mix funds using the Anonbot Telegram bot. It is important to remember there is a small fee associated to mixing using our bot. As such, we charge 0.5% on every bridge and mix, whether they are done simultaneously or seperately. This is a market competitive price, and 50% of all revenues generated by our bot are redistributed in ETH to holders of the $ANONBOT token, proportionally to their holdings. This creates a unique incentive for investors to hold the $ANONBOT token. Note that this fee structure and revenue sharing will start 10 days after the launch of our bot and token, after a free-to-use period. More info around this revenue sharing program is detailed in the chapter 'Revenue Sharing'. To perform a successful mix using the Anonbot Telegram Bot, follow the below steps after hitting the start button or manually typing '/start'. After pressing the start button, users see the below main menu. The first step you should take is to press 'Coin A', the token you want to mix. For this example, we are assuming you only want to mix your tokens. Meaning, you want to receive the same input as output. As such, in the below menu, select the same option for Coin A and Coin B. In the above example, we have selected ETH (ERC-20) for both Coin A and Coin B. This means we will mix Ethereum on the Ethereum Mainnet. The next step is to select the amount of tokens you want to mix, in this example ERC-20 ETH tokens. Click on 'amount', simply type the amount of tokens you wish to mix, and hit enter.
After you selected the amount you like to mix, you are prompted to select the destination address, which is the address on which you like to receive the bridged tokens. It is very important to note that this address must be compatible to your selection for Coin B. Any tokens mixed and send to the wrong blockchain can not be recovered by the Anonbot team. Now that you succesfully set your amount and addres, it is time to mix! Hit the 'bridge/mix' button and the bot will prepare your swap. After a few seconds, the bot sends you a message that looks like the below. To successfully mix your funds, send the specified amount, in this example 0.1ETH, to the address listed under 'send 0.1 ETH'. After the transaction has executed you will received your privacy-enhanced mixed ETH in your designated destination address. The amount is corrected by a small fee, which is partially redistributed to holders. The above process can easily be combined with a simultaneous bridge and swap. To execute this, you simply select a different token and a different blockchain for Coin B. This ability, to be able to swap, bridge and mix at the same time, makes Anonbot the most powerful privacy Telegram tool on the market. Please note that we have an 'anti-abuse' limit for mixes and bridges in place. As such, if the mix or bridge does not generate, please wait 1 minute and try again.