Today we will look at a very popular project recently - Banana Gun. This project ranked third in the Ethereum burning ranking in Q2, burning 2,200 Ethereum, even surpassing Metamask.
Banana Gun is similar to the previously mentioned Unibot, both of which are trading robots based on Telegram. Currently, the platform has a total trading volume of $5 billion, a total number of users of 200,000, 6,000 daily active users, and an average daily trading volume of $22 million.
At present, the project's price is still growing rapidly. It was as low as 5 in October last year and is now 59, which is a 10-fold increase. The current market value is 190 million US dollars, and almost 32% of the volume has been unlocked.
Banana Gun
welcome
Banana Gun, a Telegram bot that allows users to grab upcoming projects or safely buy already launched tokens.
Similar, Banana Gun
It is a trading robot that helps users quickly acquire tokens. Its most famous function is the opening sniping function, which is expected to become the user's preferred sniping tool and manual purchase assistant on Ethereum.
Features
· Automatic purchaser
Manual Trader
Anti-robbery protection (anti rug)
Private transactions
Sandwich protection
· Reorg protection
data analysis
It can be seen that the transaction volume and fees have suddenly surged since May. The daily transaction volume exceeds 20 million US dollars, including an astonishing 36.6 million US dollars on June 3 (Ethereum 32.4 million, SOL 2.7 million, Base 1.4 million). Likewise, transaction fees have increased significantly, reaching $1 million per day, and as high as $3 million on June 3.
The current total transaction volume has reached US$5.3 billion, the number of users is 218,000, the transaction volume is 8.5 million, there are 5,414 daily active users, and 40,000 transactions per day.
Based on current daily revenue of US$1 million, annual revenue is expected to reach US$360 million. Therefore, the current market value of 190 million is obviously undervalued. Based on a price-to-earnings ratio of 10 times, its market value should be around US$3.6 billion. Taking FDV into account, Banana's current valuation is US$600 million, which still has a significant gap, indicating that it is still in the undervalued range.
Token Economy
The total supply of tokens is 10,000,000, of which 3,220,000 are in circulation, with a circulation rate of 32%. The current token price is $420.
The token distribution is as follows:
Holders: 22.2%
Liquidity: 1.7%
Airdrop: 1.2%
Team: 10%
Burning: 1%
Foundation: 63.8% (this portion will be locked for two years and released linearly, mainly for Banana rewards)
Token holders profit sharing
BANANA holders can get revenue share on the Banana dApp. The revenue share will come from 40% of the robot trading volume revenue and 50% of the tax to incentivize Token holders and keep the BANANA price stable.
User Rewards
Users who complete transactions through the Banana robot will receive some BANANA in addition to revenue sharing. The criteria for BANANA holders to receive rewards are:
BANANA rewards = paid fees x multiplier (between 0.05 and 1), you can go to its official dApp to claim the rewards.
But as time goes by and the number of users increases, these BANANA will become inflationary. Banana has long considered this and has taken some countermeasures:
Most of the inflation can be offset through 1% treasury buybacks;
Adjust the multiplier (0.05-1) to balance token release;
Destroy BANANA to fight inflation;
The high profit share of the token will also be liked by the holders;
A robot flywheel is created (through bot increasing transaction volume - increasing revenue - increasing token transaction volume - charging more fees - there will be more taxes for repurchase, and emissions-repurchase will maintain a relatively light inflation state), as shown in the following figure
Summarize:
This project, the previously popular Unibot, is also a telegram robot. The robots on telegram have also been gaining popularity one after another. Currently, the number of active crypto users on telegram is indeed huge, and it can almost be said to be the exclusive IM tool for crypto projects. Currently, banana is much stronger than unibot in terms of data (in terms of overall transaction volume and fees). UNIBOT reached a peak of about 1.2 billion US dollars, and then kept falling. Will this project follow the same trend as unibot?
I think it is possible, but the current project data is a bit explosive, so it depends on whether the subsequent data can support it, because it is originally a copy of the expectation. If the subsequent data grows, then it may rise, otherwise it may follow the same trend as unibot, which requires great caution.
