Banana Gun is the first project announced by Binance in the Binance HODLer Airdrops program. BANANA Token will be Airdrop to users who have been Stake BNB into Simple Earn products on Binance. So what is Banana Gun? Let's find out with Coin68 in the article below.
What is Banana Gun (BANANA)? Learn about the first project of the Binance HODLer Airdrops program
What is Banana Gun?
Banana Gun Bot is an automated cryptocurrency trading tool, designed to help users trade faster, safer and more efficiently. The platform offers features such as automated trading, limit orders, copy trading, and protection against risks such as fraud and market manipulation.
What is Banana Gun?
With a user-friendly interface and accessibility on both Telegram and the web app, Banana Gun Bot is suitable for both beginner and experienced traders, having attracted over 200k users and Generating over 5 billion USD in volume.
Banana Gun products
Telegram bots
This is the main product of Banana Gun, which is a trading bot designed to simplify and automate various aspects of trading, especially for memecoins across multiple blockchains.
Dashboard
Banana Dashboard allows BANANA Token holders to receive additional rewards while also creating referral links to earn referral rewards.
Web App
This is Banana Gun's unreleased product, a fully featured trading platform on multiple blockchains. In the future, Banana Gun will integrate DEXTools, TWAP (time Medium price) function, wallet tracker into this product.
Features of Banana Gun
Auto sniping
This feature helps automate users' trading process, allowing them to purchase Token as soon as they are released. Users can set their desired parameters, such as contract address and desired purchase amount, and the bot will handle the rest.
Limit Orders
Banana Gun Bot allows users to place limit orders, automating the buying or Token Sale at a certain price. This helps users automate their trading strategies and take advantage of opportunities even when they are not actively monitoring the markets.
Copy Trading
This feature allows users to copy trades of good traders. This helps users automate their trading strategies based on the expertise of experienced traders.
Swap Token
Banana Gun offers a fast and secure Token swap feature, designed to combat MEV, ensuring that users receive the best possible price for their transactions.
Anti Rug and Reorg
Banana Gun ensures user transactions will be safer with a proven success rate of 85%. Additionally, the Banana Gun even protects them from Block reorgs (reorganizations), also known as Block reorganizations. Reorgs are the phenomenon of multiple Block being created at the same time when the blockchain encounters an error or due to a hacker attack.
Simulate trading
Banana Gun has a transaction simulation feature called Banana Simulator, which helps protect users from fraudulent Token right from the start. If Banana Simulator cannot simulate successfully, the user's transaction will not be executed.
Binance Airdrops Portal
Binance HODLer Airdrops is a Token Airdrop program for BNB holders, based on BNB balance at the time of Snapshot. When Stake BNB into Simple Earn products on Binance, users will automatically qualify for HODLer Airdrops, Launchpool , and Megadrops .
Babana Gun is the first project of Binance HODLer Airdrops
Banana Gun is the first project to be Airdrop by Binance to this group of users, with the condition of having Stake BNB in Simple Earn products from June 23, 2024 to July 6, 2024.
Development team
Banana Gun does not announce its development team. Coin68 will update when more information is available.
Investors
Banana Gun opened Pre-Sale in September 2023 and raised 800 ETH (about 1.3 million USD at that time).
Tokenomics
Token metrics
Token name | Banana Gun |
Symbol | BANANA |
Blockchain | Ethereum |
Contract | 0x38E68A37E401F7271568CecaAc63c6B1e19130B4 |
Total supply | 10,000,000 BANANA |
In the past, Banana Gun encountered a smart contract error after implementing the swap pool on Uniswap, which prevented the Token Sale from being deducted the 4% fee, leading to automatic inflation of the BANANA Token . To prevent bad guys from taking advantage of this error, the Banana Gun team decided to sell all BANANA Token to withdraw all WETH liquidation . The project pledges to redeploy the Token and use the recovered funds to re-grant liquidation. At the same time, they took a Snapshot before withdrawing LP to Airdrop it back to users, however, up to now the specific schedule has not been announced.
Token allocation rate
BANANA Token allocation rate
BANANA Token are allocated as follows:
- Burn: 11%
- Binance HODLer Airdrop: 8%
- Holders: 24%
- Locked Liquidity: 1%
- Treasury and Ecosystem: 46%
- Development team: 10%
Token Use Case
BANANA Token is used for:
- Vote on proposals.
- Burn to add new features to the bot.
- Hold BANANA to receive rewards and gain access to holders chat.
summary
Through the above overview article about the Banana Gun project, Coin68 hopes readers will grasp basic information about this project to make their own investment decisions. Wishing you a successful investment!
Note: The information in the article is not XEM investment advice, Coin68 is not responsible for any of your investment decisions. Wishing you success and earning a lot of profit from this potential market.
