Banana Gun (BANANA) — The star token for Telegram trading bots
1. Banana Gun (BANANA) Overview
Banana Gun is one of the most popular trading robots on Telegram, which aims to provide efficient tools for on-chain token trading. Since its launch on June 2, 2023, Banana Gun has attracted widespread attention for its unique functions and operation methods. BANANA token, as its native token, was minted on September 14, 2023, and quickly set a new record high in the Binance HODLer airdrop event.
2. Latest News and Updates
The first project of Binance HODLer airdrop, Banana Gun (BANANA), will be available for trading on July 20. Influenced by this news, BANANA coin broke through $80 in a short period of time and rose by more than 30% in 1 hour. According to the Binance announcement, the airdrop tokens will be distributed to eligible user wallets before trading begins.
3. What is Banana Gun (BANANA)?
Banana Gun is a Telegram robot dedicated to simplifying decentralized exchange (DEX) transactions. Users can quickly conduct cryptocurrency pre-sales and token transactions through specific commands or keywords in Telegram. The main features of Banana Gun include:
Auto Sniper: Automatically buy upcoming tokens.
Manual Buy: Trade cryptocurrencies manually.
Multiple protections: including carpet pulling protection, sandwich protection and reorganization protection.
The team behind Banana Gun is committed to expanding its supported blockchain networks in the future, currently supporting the Ethereum blockchain, with plans to expand to other networks.
4. Banana Gun operating mechanism
To use Banana Gun, users need to operate through the Telegram application. First, users need to join the Banana Gun registration bot to complete the registration. After that, users can use the Banana Gun sniper bot to purchase tokens and use the sales bot to sell tokens. The bot functions include automatic purchase of upcoming tokens, manual purchase of existing tokens, and selling tokens.
5. Smart contract vulnerabilities and new version releases
Banana Gun attracted attention after its release due to a vulnerability in its smart contract. A developer used OpenAI's ChatGPT to discover a vulnerability in the token contract, causing the token price to plummet from $8.70 to $0.02 on September 11. The development team then decided to launch a new version of BANANA (V2) and airdrop new tokens. Despite the controversy over the vulnerability, the price of the V2 token rose by about 500% after its launch.
6. Token Economics
Total Supply: 10,000,000 BANANA
distribute:
22.2% for holders
1.7% allocated to liquidity (locked for two years)
1.2% Airdrop
10% for the Banana Gun team (locked in two phases)
1.1% Restart burning
60% for treasury lock-up (two-year linear vesting)
Banana Gun's economic model includes mechanisms such as revenue sharing, bonus incentives, and token destruction to support the sustainable development of tokens and user incentives.
7. Future Price Prediction
In the short term, BANANA coin may continue to rise, especially after successfully breaking through the all-time high of $78. In the long term, the price is expected to perform strongly between 2025 and 2030, with the following specific forecasts:
2025: Minimum $43.22, Maximum $98.54
2026: Minimum $62.42, Maximum $151.85
2027: Minimum $48.24, Maximum $123.83
2028: Minimum $38.72, Maximum $77.96
2029: Minimum $65.52, Maximum $143.63
2030: Minimum $103.82, Maximum $218.67
8. Risk Warning
Although Banana Gun shows strong potential in its Binance listing and market performance, it also has certain risks, including:
Unclear team background: Official documents lack team information, which may affect trust.
Functional limitations: Currently it mainly provides sniping and manual purchase services, with relatively simple functions.
Technical threshold: Users need to have a certain understanding of DeFi in order to correctly set transaction parameters.
9. How to buy BANANA coins?
Currently, BANANA coins can be traded on Uniswap, HTX, MEXC and other exchanges. Binance will also list BANANA at 17:00 on July 20 and provide multiple trading pairs (BANANA/BTC, BANANA/USDT, etc.). Users can purchase BANANA coins after registering on these exchanges and completing KYC certification.
Summarize
As an emerging crypto project and Telegram robot, Banana Gun (BANANA) has attracted widespread attention through its efficient trading tools and powerful features. Although it faces certain risks, especially in terms of technology and team transparency, its market potential is still worth paying attention to. If you are interested in the project, you can get the latest updates by registering an exchange account and following Banana Gun's official website and social media. Please fully research before investing and be wary of potential scams.
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