Understand the Telegram trading robot Banana Gun in one article

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Understand the Telegram trading robot Banana Gun in one article

WOO Network

2023-09-21 04:00

本文约1417字，阅读全文需要约6分钟

The protocol began experiencing rapid growth in July, with transaction volume starting at 100,000, and peaking at 7.4 million transactions on August 29.

Banana Gun is a professional new currency sniper robot based on telegram. It enables users to trade on decentralized exchanges with a single communication application with the easiest user interface. Its main functions include copy trading, new currency sniping, preventing rug pulls, and more.

Project overview

Launched on June 2, 2023, Banana Gun is a Telegram trading robot that provides users with new currency sniping and trading tokens. Banana Gun aims to become the preferred application for sniping new coins and purchasing tokens on the Ethereum network, and it is expected to expand to more public chains in the future.

Potential challenges

• Unclear team background: According to the Banana Gun official documentation website, its official team information has not been officially disclosed, which may slightly increase the risk of user interaction.

• Limited functionality: As of this writing, Banana Gun only offers new coin sniping and manual purchases. It lacks the diversified services provided by other trading robot projects, such as copy trading, airdrop mining, etc.

• High knowledge background requirements: Since users need to manage and enter transaction-related information by themselves, users must have a solid and rich understanding of the cryptocurrency industry, such as GWEI, slippage and liquidity critical points. The high requirements for DeFi-related background knowledge will be extremely challenging for novice users.

Key product features

Banana Gun currently offers two main features: New Coin Sniping and Manual Purchase. As a sniping-focused Telegram bot, Banana Gun also provides additional features to protect users from potential rugpulls and malicious smart contracts, and maximizes benefits for users through the new coin sniping feature to gain first-time purchase opportunities for new coins. profit. Detailed functions are as follows:

• Anti-rug: This feature is activated if the developer attempts to destroy the token or any situation occurs that prevents investors from selling.

• Blacklist transfer: This feature will be triggered if a developer blacklists a token contract and sends your tokens to a transfer wallet.

• First Bundle or Fail/First Bundle or Fail Back up: This feature ensures the user’s first purchase during the transaction and provides backup options (at least 10 participating wallets recommended) in case of Problems such as dead blocks or MEV startup.

In addition, Banana Gun provides cashback rewards to loyal users based on the fees paid, and the calculation method will be changed according to the situation, using a constant (X) with a value between 0.05 and 1.

$BANANA Cash Back = Payment Fee ($) * Constant X

Constant adjustments serve two important purposes: managing token flow emissions and introducing special promotions such as “Happy Hour”. This special design differentiates Banana Gun from Unibot, which only offers a specific rate of cashback when the conditions for holding 10 $Unibot tokens are met.

Protocol expansion and user growth history

Banana Gun has experienced a stable period since its launch in early June, with average daily trading volume ranging from US$5,000 to US$10,000 and fee income ranging from 0.01 ETH to 0.3 ETH. The protocol began experiencing rapid growth in July, with transaction volume starting at 100,000, and peaking at 7.4 million transactions on August 29.

Banana Gun’s user growth rate parallels its transaction volume. It went through a period of slow growth and saw significant expansion in July, reaching a peak user count of 2,500 in August.

Banana’s daily income has caught up with unibot and is second only to the track leader maestro.

Token economy

Token name: BANANA

• Maximum supply: 10, 000, 000;

• Initial circulating supply: 2, 400, 000;

• Initial Liquidity Market Cap: $1,560,000;

• Launch date: September 15, 2023;

• Purchase tax: 4%;

• Sales tax: 4%.

After the token is officially launched, the initial circulating supply will be 2.4 million tokens. Tokens will be subject to a 4% purchase tax and a 4% sales tax, with 2% allocated to token holders, 1% to the team, and 1% to the treasury. According to the official white paper, Banana Gun has plans to reduce its tax ratio as its market value grows. In addition, the token burning mechanism is also in the pipeline.

Initial Token Distribution

Token function

The revenue sharing model designed by Banana Gun will reward token holders through bot revenue and transaction taxes. Among them, 40% of the robot revenue will be allocated to unlocked token holders, while 50% of the transaction tax revenue will be allocated to the revenue sharing pool to ensure fair rewards for loyalty.