After many days, Binance finally opened new listings, and the lucky winner this time is @BananaGunBot, a Telegram trading robot with real users and stable income.
There are two highlights of this new issue:
① On the occasion of Binance’s 7th anniversary, Binance chose to give back to BNB holders: Any user who used BNB to subscribe for regular or current products on the EarnCoin platform between 8:00 on June 23 and 7:59 on July 6 will directly receive airdrop allocations without any additional operations.
②This is Binance’s first attempt to support small and medium-sized crypto projects. Banana Gun fits the profile of “small and medium-sized projects with good fundamentals, organic community foundation, and sustainable business model” proposed by Binance.
At present, the market is quite supportive of Binance’s vision in selecting projects. This is likely to bring some new changes to the entire Web3 industry in the future.
For a long time, various carefully packaged institutional trading platforms have been prevalent. "High FDV and low circulation" have enriched VCs and project parties, but made secondary investors miserable.
Today, Binance has taken the lead in publicly supporting small and medium-sized crypto projects, which deserves praise. It is foreseeable that the potential stocks in small and medium-sized projects will soon become hot in the market, and whether they have received high investments from top VCs will no longer be the only criterion for judging the quality of a project.
1. Why Banana?
Banana is a typical community project, small but beautiful, with a sustainable business model. Its current market capitalization is 170 million and its FDV is 666 million.
The official did not conduct private placements, and even rejected every OTC transaction request from VC. The team’s chips were locked for a long time, and they did not deceive users with endless points plans or airdrops, but chose the Banana Bonus method to reward robot users with liquid tokens.
During the peak period of Memecoin market activity, Banana Gun's daily income was as high as $200,000. Even when the market was sluggish, the daily income was around $70,000. In the protocol revenue rankings of the crypto market, Banana Gun has long been in the top 10, surpassing MetaMask and old DeFi projects such as Curve Finance and Raydium.
There is no harm without comparison. While Banana was carefully polishing its product, a bunch of entrepreneurs with impressive backgrounds were still racking their brains to come up with fantastic narratives. They were looking for VCs to raise funds while launching endless PUA tasks to trick community users into brushing data. In the end, they would cross the river and demolish the bridge, strictly investigate the witches, while they held most of the chips in their hands and started a life of winning without doing anything. It was normal for their daily active users to drop to single digits.
It is clear at a glance which is better.
2. What are Banana’s killer features?
①Block Bribery
Banana Gun uses a custom RPC that allows for faster data transfer than standard providers like Infura or Alchemy. In this high-speed environment, pending transactions from Banana Gun’s elite snipers are bundled into a transaction package, which is then forwarded to block producers, the Ethereum network’s validating nodes responsible for grouping transactions.
In this way, Banana Gun always stays ahead in the race for block 0, helping users take the initiative in new coin sniping.
② Highest cost
Banana Gun has added slippage control and limit orders to its trading package. This protection is essential to prevent situations where users receive a small amount of tokens but pay high fees due to higher bribes from others. This update adds a risk mitigation layer, making the snap-up game more strategic. For more project information, refer to Binance Research: https://www.binance.com/zh-CN/research/projects/bananagun
3. Who is the next Banana?
After Binance launched Banana, everyone is most concerned about: who will be the next small and medium-sized project to be selected?
The Blockbeats has reviewed dozens of small and medium-sized cryptocurrency projects through financing data, investment institutions, project progress, user data, etc., looking for "potential stocks" in the current market environment. It is recommended to refer to https://www.theblockbeats.info/news/53612
