Jumping into the trading bot arena, what has Banana Gun done?
Highlights of features and detailed explanation of token economics.Written by: Fu Ruhe, Odaily Planet Daily
While a few industry insiders are still discussing how Intent-centric can promote large-scale applications of Web3, the Bot track, which is closer to the general public, is developing at full speed. In a sense, Bot projects meet the intent-centric application design philosophy and rely on Telegram's vast user base to attract newcomers to Web3. Especially trading Bots, whose nearly seamless trading model helps new users quickly enter Web3.
Trading Bots offer functionalities that traditional DEXs do not, such as new coin sniping, MEV attack prevention, and Rug pull prevention. These features were skills that only "scientists" in the circle were familiar with before the Bot track emerged, and now delegated robot trading is nearly bridging the operational gap between ordinary users and professional users.
Since May of this year, Unibot has surged significantly. If you have ever regretted not entering the market or discovering Alpha early, Odaily Planet Daily needs to remind you that both Banana Gun and MaestroBot currently have more users than Unibot. Especially Banana Gun, which saw a surge in popularity after announcing its token presale yesterday.
Why Can Banana Gun Capture New Users in the Competitive Bot Track?
As one of the trading Bots, Banana Gun shares common functionalities with other trading Bots, namely helping users trade tokens in various ways via Telegram. Its main feature is new coin sniping, allowing users to purchase newly issued tokens ahead of others, which is very helpful for those who enjoy jumping into new projects.
Imagine if a new coin is launched and you are still trading through a traditional DEX; all you can do is raise the Gas Fee to gain priority, while the Banana Gun bot has already completed the transaction.
Introduction to New Coin Sniping
1) First, enter /start in @BananaGunSniper_bot, and it will pop up the main panel.
2) Click "Settings" to configure different functions according to personal needs and add a wallet.
3) Set the sniping fee: the fee determines the order of entry for sniping, set GWEI, and set the acceptable slippage.
The above are the basic settings to start Banana Gun, and users can also configure according to the official documentation.
Isn't the process simple? By entering the new coin address and purchase requirements as prompted, and finally selecting the wallet and wallet amount after purchase, the configuration for sniping the new coin is complete.
Banana Gun Tokenomics
Banana Gun will issue tokens (BANANA) on its exclusive DApp, dividing whitelist users through early NFT activities.
The presale will have a cap of 800 ETH, with a maximum allocation of 1 ETH per person, and a presale price of $0.65; it will adopt a tiered whitelist program, with slots allocated on a first-come, first-served basis across different rounds. The following image shows the specific distribution rules:
The total supply of Banana Gun tokens is 10 million, with the team holding 10% of the total supply. The lock-up period is divided into 2 years and 8 years, with a 3-year linear unlock after the lock-up period, during which the 8-year lock-up can participate in the ecological revenue sharing plan.
The airdrop plan is divided into two parts:
● NFT holders: 100,000 tokens for the first round of airdrops, with different NFT levels corresponding to different points, distributing a corresponding number of tokens based on the points.
● Social media promotion: 20,000 tokens for the second round of airdrops, distributed based on social media reach and KOLs.
The following image shows the specific allocation ratio:
The tokenomics of Banana Gun aims to promote the long-term development of the protocol and reduce investor risk by locking excess tokens.
The tax distribution in the token sale allocates 2% to token holders, 1% to the team, and 1% to reserves. The initial liquidity will be $390,000, with a market cap of $1.56 million, and an initial price of $0.65. The liquidity to circulating market cap ratio for BANANA is 25%, providing a good balance in terms of volatility and depth.
Banana Gun Ecological Development Ideas
The ecological value of Banana Gun is to use treasury tokens as a reward mechanism to attract and retain users.
- Token Holders
According to the image above, token holders can earn revenue sharing on the official DApp.
Robot income (40% after referral)
50% of tax revenue
This helps stabilize token holders and achieve token dividends.
- Banana Gun Users
Users can earn a certain amount of token rewards when purchasing or sniping new coins through Banana Gun.
The calculation formula is: Token reward = Fees paid * Coefficient (officially set between 0.05-1)
- New Features
Banana Gun will introduce new features for token burning in the future.
From the above three points, it is not difficult to see that the Banana project team uses a reward mechanism to attract users and retain token holders. However, there is a possibility of inflation, and the official has measures to prevent this issue:
Repurchase using a 1% treasury tax: This can offset most inflation in all cases;
Adjustable multiplier: This leverage can be used to carefully balance emissions if needed;
An increase in users will lead to an increase in the number of bots, creating a flywheel effect;
New features will burn BANANA, completely removing it from circulation;
The high income sharing of tokens encourages investors to hold.
Conclusion
Banana Gun highlights new coin sniping as a project feature, and even before the token launch, its user base had already surpassed Unibot, ranking second, with only a slight gap from the first place, MaestroBot. After announcing the token launch, its momentum has intensified, hinting at a potential to seize the top spot.
Image from Dune
Based on its tokenomics, the reward and burning mechanisms for the tokens are relatively well-developed, but the actual income capability and sustainability remain to be verified. Odaily Planet Daily reminds that early projects carry significant risks, so DYOR.
