Key Takeaways from Banana Data

1) A total of 10 million bananas have grown, and 3.22 million of them have been snatched away (circulated) by monkeys (Oh my God)

2) There were 6.38 million sticks in the warehouse, but only 80,000 were taken away (released) by the monkeys in the past 10 months. The administrator must be an excellent monkey.

3) Binance Market is about to start selling, but only 290,000 bananas rushed in. This shows that a large number of monkeys want to hold bananas for a long time and continue to make bananas give birth to babies.

1 Banana Supply

Banana's maximum supply is 10 million, and the TGE time is September 14, 2023. The main distribution is

  • IDO: 22.2%, no lock-up

  • Team: 10%, of which 5% is locked for 8 years and then linearly released in 3 years (participating in profit sharing). 5% is locked for 2 years and then linearly released in 3 years (not participating in profit sharing)

  • Airdop：1.2%

  • Restart destruction: 1.1%

  • Liquidity: 1.7%, locked for 2 years

  • Treasury: 63.8%. Unlocked linearly over 2 years. 250k/month. If released but not used, it will be locked again.

2 A monkey with 50 bananas can

1 Dividend

Revenue share will come from banana revenue (40% after referral)

2 Transaction Fee Rewards

For traders on banana, the fee ratio is

  • Manual buying = 0.5% Manual buying = 0.5%

  • Autosniper = 1% Autosniper = 1%

The cashback of the transaction fee paid by the user will be paid in banana tokens, and the cashback ratio is proportional, between 0.05~1

1% of the treasury revenue from the 3 banana trading tax will be used for repurchase to reduce inflation. (Note: the tax has been abolished)

3 On-chain analysis721

From the perspective of on-chain chips

1) The treasury originally had 6.38 million, and now has 4.52 million.

2) There are 1.09 million destruction addresses, most of which are from the destruction of the national treasury. According to on-chain tracking, 300,000 tokens were destroyed in January, February, and March of 24, respectively, which were directly transferred from the national treasury. Others were destroyed by project parties from different sources.

3) Binance now has 1.09 million coins, excluding 800,000 airdropped coins. Users have deposited 290,000 coins, so the total deposit amount is not large.

According to Binance’s report, the circulation of Banana when it was listed on Binance was 3.22 million.

1) 2.22 million tokens released by IEO

2) Binance airdropped 800,000 tokens

3) TGE airdrop 120,000 tokens

4) Other circulation

In the past 10 months of TGE, the main unlocking of banana came from the treasury, but the new circulation was only 80,000, which shows that the project party is very cautious in the management of the treasury.