Gamblefi in the crypto space is full of speculation, with traders attracted by daily 100x returns, Rugs, and liquidity extraction. Meme coins are particularly popular, especially when traders follow the market and Twitter propaganda. Banana Gun is a platform that provides users with high-speed trading tools, similar to Maestro and Unibot before it, but with improvements in fees and user experience.
Maestro, originally named Catchy, is the first choice for traders seeking to profit from short-term market fluctuations. Unibot focuses on ordinary users, improves Uniswap's unfriendly interface, and drives growth through referral fees. Banana Gun enters the market with lower fees and competitive sniping functions, attracting traders willing to take great risks for high returns.
Gamblefi's development
Amid a bear market and record low DEX volumes, hundreds of ERC-20 tokens are deployed every day. Traders participate in the market through pre-sales, flash sales, and spot purchases, especially during the flash sales phase.
The Evolution of Token Snipers
Before the advent of Telegram bots, top token snipers analyzed Meme coin contracts to identify key functions and bypass early buyer restrictions. The advent of Telegram bots such as Banana Gun and Maestro has simplified this process.
Token snipers are automated trading bots that enable users to quickly buy and sell newly issued tokens on decentralized exchanges such as Uniswap. Many bots use Telegram as a platform because this is where trading ideas are active. Sniper bots bypass Uniswap's user interface and only need to specify the amount of ETH to invest.
Competitive snap-up market
For example, Maestro users still need to enter the maximum transaction volume and have a certain understanding of the contract method. Banana Gun is simpler, does not require professional knowledge, and has a more intuitive process. After Uniswap cancelled the expert mode, experienced traders were forced to manually adjust their strategies and turn to Telegram buying bots designed for advanced users like Banana Gun.
How Banana Gun works
Imagine a trader eyeing the release of $TOKEN in a few days, they simply load the Telegram app, put the smart contract into the token grabber, specify the amount of ETH to put in, and wait. When the token enters the DEX pool, the Telegram grabber is triggered and the predefined transaction is executed. If successful, the trader can make a huge profit in a short period of time.
However, due to the popularity of buying robots, competition has become increasingly fierce, and traders often use multiple wallets to increase their success rate. Banana Gun optimizes the entire process, automatically looking for smart contract triggers such as "EnableTrading" to automatically buy tokens when they are released.
The emergence of Banana Gun allows traders to optimize strategies more effectively, avoid the limitations of decentralized exchange interfaces, and enhance their competitiveness in ERC-20 token trading.
Banana Gun Introduction
Banana Gun democratizes the crypto sniping space, making the complex sniping process simple and easy to use. Users simply paste a contract and the robot automatically handles the complex work such as determining the method ID, tax rate, and maximum transaction volume. This distinguishes it from competitors such as Maestro, which requires users to manually configure settings.
Unique Value Proposition
Banana Gun emphasizes automation and protection against Rug scams. Each transaction is privately executed with a user-set Ethereum bribe, providing an extra layer of security. The private transaction feature ensures that users cannot be swindled or preempted. Banana Gun reverses the transaction if it detects that the transaction is at risk of being swindled, features that competitors such as Maestro lack.
Key Updates
Banana Gun adds slippage control and limit orders, allowing users to define a "maximum spend" limit to avoid high fees and sandwich attacks. The new feature ensures that if a transaction cannot meet the maximum allowed purchase amount, it will be automatically reversed, adding a layer of risk mitigation and making snap-ups more strategic.
Market Advantage
Banana Gun is one of the fastest retail buying bots on the market, attracting about 700 daily active users and more than 12,000 total users since its launch in early June. After buying, the interface automatically switches to the selling channel, optimizing the user experience.
0 Block Bribe
Bribing is a key feature of Banana Gun. It uses a custom RPC that is faster than the standard provider. Banana Gun's snipers bundle pending transactions into a transaction package and forward it to the block generator, making blind bribes to ensure faster transaction confirmation. This mechanism adds strategy and unpredictability to the transaction process.
Revenue and expense structure
As of September 15, 2023, Banana Gun reported 756 ETH in trading fee revenue, over $1.2 million. Its low-fee model, charging only 0.5% on total buys and sells, attracts experienced, cost-conscious traders. In contrast, Maestro charges a 1% fee, and Unibot's revenue comes from taxes. This fee structure explains Banana Gun's lower daily trading fee revenue, but is attractive to cost-sensitive users.
Summarize
Banana Gun stands out for its fast speed, low cost and strong stability, focusing mainly on execution timing. Banana Gun's update and optimization features have enhanced its competitiveness in the sniping market, allowing users to participate in the snap-up more efficiently and safely. And the user base is strong, with more than 700 users per day in just a few months, and more than 10 ETH per day in recent weeks.
Many successful transactions can be attributed to Banana Gun's efficiency and transaction bundling architecture. In the future, Telegram robot tools may develop into intent-based transactions, where users can define transaction intentions and the tool automatically executes them.
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