The reason why Banana Coin ($BANANA ) has been able to rise sharply is mainly due to the project behind it, Banana Gun Bot. Here are some key features and token economics of the project, which together have driven the value growth of Banana Coin:
Automatic trading: Banana Gun Bot is an automatic trading robot that focuses on trading newly listed tokens on decentralized exchanges such as Uniswap, supporting multiple blockchain networks.
Security: The robot has a high success rate when executing transactions because it adopts anti-carpet measures and anti-MEV (miner extractable value) swap strategies.
User interface: Users can operate the robot through Telegram and enjoy a convenient real-time trading experience. (↓Click on the currency to view real-time quotes)
Sniping and trading: The robot specializes in automatic sniping of new tokens and unique first-block trading technology to increase the success rate when volatility is released.
Additional features: Provides a comprehensive range of trading tools including limit orders, copy trading, fast swaps and anti-carpet protection.
Token Economics:
Circulating Supply: There are currently 3.4 million Bananas in circulation, which is 34% of the total supply of 10 million, with a market cap of $125 million and a fully diluted market cap (FDV) of $316 million. Team Allocation: Only 10% of the tokens are allocated to the team, and these tokens are locked for 2-8 years. Treasury Retention: 45% of the tokens are retained in the treasury. Token Burning: 11% of the tokens have been burned, and at the current burn rate, a total of 35% of the tokens will never be released. Unlocking Schedule: The remaining 10% of the tokens will be unlocked in September 2025, which helps reduce selling pressure in the short term.
Token Utility:
Revenue Sharing: 40% of the revenue is distributed to stakers, with an annual yield of approximately 20%. Buyback and Burn: The remaining revenue is reinvested to buy back and burn $Banana tokens to avoid inflation. Reward Mechanism: Users are rewarded with $Banana based on their trading volume, which encourages users to participate and hold tokens. Points system: Tokens can also be burned to earn points, which can be redeemed for additional services, such as additional wallets.
These factors work together to provide a solid value foundation for BananaCoin and drive its price up.