Becoming a new favorite in the trading bot circuit, what did Banana Gun do right?

Original | Odaily Planet Daily

Author | Husband How

Editor | Hao Fangzhou

While a few industry insiders are still talking about how Intent-centric can promote the large-scale application of Web3, the Bot track that is close to the general public is developing at full speed. In a sense, Bot projects meet the intent-centered application design concept and rely on Telegram’s huge user base to attract new people to Web3. Especially transactional Bots, with their nearly invisible transaction mode, help new users quickly enter Web3.

Trading Bot provides functions that traditional DEXs do not have, such as new currency sniping, anti-MEV attack, and anti-Rug functions. Entrusted robot trading is almost eliminating the operational gap between ordinary users and professional users.

Since May this year, Unibot has been skyrocketing. If you have ever wondered why you did not enter the market or find Alpha early. Then Odaily Planet Daily needs to remind you that the current number of users of Banana Gun and MaestroBot has exceeded Unibot. Banana Gun, in particular, has gained a lot of popularity due to its token pre-sale announcement yesterday.

Why can Banana Gun grab new users in the fiercely competitive Bot track?

As one of the trading Bots, Banana Gun has a general function similar to other trading Bots, which is to help users trade tokens in various ways through Telegram. Its main feature is new currency sniping, which is a preemptive purchase of newly issued new tokens. This is of great help to some users who like to rush for new coins.

Just imagine, if the new currency opens, you are still buying through traditional DEX transactions, all you can do is increase the Gas Fee to get priority, and the robot using Banana Gun has already completed the transaction.

Introduction to Blocking New Gameplay

1. First enter /start in @BananaGunSniper_bot, it will pop up the main panel.

2. Click “Settings”, configure different functions according to individual needs, and add a wallet.

3. Set the sniper cost: The cost determines the order of sniping, sets the GWEI, and sets the slippage acceptance level.

The above are the basic settings for starting Banana Gun, users can also configure according to the official documents as required.

Are the steps simple? By entering the new coin address and purchase requirements as prompted, and finally selecting the wallet and number of wallets to configure after purchase, the blocking purchase of the new coin is fully configured.

Banana Gun Token Economy

Banana Gun will issue tokens (BANANA) on the exclusive DApp and whitelist users through early NFT activities.

The pre-sale will have an upper limit of 800 ETH, and each person will be allocated a maximum of 1 ETH. The pre-sale price is US$0.65; a whitelisting process with rounds and levels will be adopted, and quotas will be allocated in different rounds on a first-come, first-served basis. . The following figure shows the specific distribution rules:

Banana Gun The total amount of tokens this time is 10 million tokens, and the team accounts for 10% of the total amount of tokens. The lock-up period is divided into 2 years and 8 years. After the lock-up period, it will be unlocked linearly in 3 years, of which 8 years will be locked You can participate in the ecological income sharing plan during the period.

The airdrop program is divided into two parts:

● NFT holders: 100,000 tokens are the first round of airdrops. Different NFT levels correspond to different points, and the corresponding number of tokens will be issued according to the points amount.

● Social media promotion: 20,000 tokens will be airdropped in the second round, and will be issued according to social media popularity and KOL.

The figure below shows the specific distribution ratio:

Banana Gun’s token economic model is designed to drive protocol growth over the long term and reduce investor risk by locking up excess tokens.

Taxes from token sales are distributed as 2% to token holders, 1% to the team, and 1% deposited into reserves. There will be initial liquidity of $390,000, a market cap of $1.56 million, and a starting price of $0.65. BANANA’s liquidity to circulating market capitalization ratio is 25%, with a good balance in 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.

1. Token Holders

According to the picture above, token holders can receive revenue share on the official DApp.

• Bot income (40% after referral)
• 50% of tax revenue

This move will help stabilize token holders and achieve token dividends.

2. Banana Gun Users

When users purchase or block new disks through Banana Gun, they can get a certain amount of token rewards.

The calculation formula is: Token reward = payment fee*coefficient (official regulation 0.05-1)

3. New features

Banana Gun will launch new features for token burning later.

Through the above three points, it is not difficult to find that the Banana project adopts a reward mechanism to attract users to use and retain token holders. However, there may be the possibility of causing inflation. The official also has the following measures to prevent this problem:

• Buybacks via a 1% treasury tax: In all cases, this offsets most of the inflation;
• Adjustable multiplier; use this lever to carefully balance emissions if desired;
• The increase in users will lead to an increase in the number of robots, thus forming a flywheel;
• New feature will burn BANANA, completely removing it from circulation;
• The revenue share of the token is high, so investors will hold on to it.

Summarize

Banana Gun regards new disk sniping as the highlight of the project. Before the currency is issued in the early stage, its user volume has surpassed Unibot, ranking second, and it is almost the same as MaestroBot, which ranks first. After it announced the issuance of the currency, the momentum became more intense, and it seemed to be trying to seize the top spot.

Picture from Dune

According to its token economy, the reward and burning mechanism of tokens is relatively perfect, but the specific earning capacity and sustainability have yet to be verified. Odaily Planet Daily hereby reminds that the risk of early projects is huge, DYOR.