Banana Gun token pre-sale is about to start, here are the key information you need to know

Author: 0xSun, Source: Author Twitter @0xSunNFT

Banana Gun @BananaGunBot announced the token pre-sale details. This is one of my most anticipated projects in the near future. Here is the information you need to know:

1. Basic introduction

Banana Gun is a TG trading Bot. Its most famous function is to snipe the market opening. Judging from the latest data (Figure 1), the number of users and transaction volume of Banana are close to that of @TeamUnibot, while the leading @MaestroBots has no plans to issue coins in the near future. The battle between Banana and Unibot is intensifying.

2. Token Economics

The token distribution of $Banana is shown in Figure 2, of which the pre-sale accounted for 20%, the liquidity pool accounted for 3%, the airdrop accounted for 1.2%, and the team reserved 10%, half of which was locked for 2 years and linearly for 3 years Release, the other half is locked for 8 years and then released linearly in 3 years. The treasury reserves 65.8%, most of which are locked, and the released part is used for rewards for using Bot in the future.

The proportion of circulating tokens at the opening is 24.2%, and the transaction tax is 4%, of which 2% is allocated to token holders, 1% is allocated to the team, and 1% is allocated to the treasury. The opening pool is 120E, with a market value of 1.56M , FDV is 6.5M.

3. Pre-sale information

A total of 800 ETH was raised in the pre-sale, and the upper limit of a single wallet is 1 ETH. The overall first-come-first-served mechanism is adopted and is divided into 4 rounds (Figure 3). There will be no over-issuance in the first round, and the last three rounds are all over-issuance. It is expected to be in the second round The round will end.

The first round: users who hold 2~5 Quest NFT, users who have helped the project, and KOL;

Round 2: Giveaywas, early adopters, and Dao;

The third round: users who hold 1 Quest NFT;

Round 4: All wallets that have used Banana Gun.

4. Token Ecology

Banana Gun has a complete revenue, profit sharing, reward and repurchase mechanism, which can achieve a forward flywheel under ideal circumstances (Figure 4). The details of each part are as follows:

Revenue: The handling fee for using the sniping function of Banana Gun is 1%, the handling fee for manual trading is 0.5%, and the transaction tax on tokens is 4%. These two parts constitute the main source of revenue for Banana Gun;

Profit sharing: Token holders can receive 40% of the Bot fee income and 50% of the token transaction tax through the official dApp;

Reward: For every transaction using Banana Gun, you will receive $BANANA as a reward. The amount is determined by the handling fee*multiplier

Repurchase: The portion of the sales tax that goes into the treasury will be used to repurchase tokens.

5. Personal opinion

Banana Gun is currently the most popular Bot tool for sniping at the opening of the market. All data are comparable to Unibot. The two have locked the second and third places in the Bot market. Unibot’s tokens are fully circulated, and the highest market value is about 210M. , In contrast, the opening price of $Banana is undoubtedly very attractive, and I will definitely buy it myself.

But one problem is that the opening of such popular tokens is often sniped by large investors through carpooling and large bribes, causing prices to skyrocket in the first block. And bananas are the most powerful sniping tool at the moment. Can the team? It will be very interesting to take steps to deal with this situation well!