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Key points
Banana Gun is a Telegram bot designed to optimize cryptocurrency trading on the Ethereum and Solana networks, allowing users to hunt for upcoming tokens and purchase active tokens.
Banana Gun (BANANA) was introduced in the Binance HODLer Airdrops program. Users who deposit BNB into Binance's Simple Earn product between June 23, 2024 and July 5, 2024 will be eligible to receive an airdrop of BANANA tokens.
Introduce
Trading bots are tools that traders use to increase their chances of success. Banana Gun is a bot designed to enhance the trading experience in the cryptocurrency market. In this article, we will learn about Banana Gun, its mechanism of action, tokenomics as well as detailed information about Banana Gun in the Binance HODLer Airdrops program.
What is Banana Gun?
Banana Gun is a Telegram bot that supports automated and manual trading on the Ethereum network, and allows users to buy and sell tokens manually on the Solana network. The goal of Banana Gun is to be a useful tool for hunting for upcoming tokens and safely purchasing active tokens.
How does Banana Gun work?
Create Account
To start using Banana Gun, follow these steps:
Register on Telegram: Join the Banana Gun bot channel and register an account.
Create or import a wallet: Follow the instructions to create a new cryptocurrency wallet or import an existing wallet.
Fund your wallet: Make sure your wallet has at least 0.1 ETH or equivalent in other supported cryptocurrencies.
Verification: Verify the wallet through the selling bot.
Automated trading
Now you can use the token hunting feature to automatically execute trades as soon as a new token is released. Here is the mechanism of action:
Configure token hunting parameters: Set automatic token hunting parameters, including addresses tokens, token hunting tip, maximum investment amount per wallet, and number wallet will be used to hunt tokens.
Monitoring and execution: The bot continuously monitors the blockchain to detect the scheduled token launch. Once detected, the bot will automatically perform the transaction.
Manual trading
In addition to the automatic token hunting feature, you can buy and sell tokens manually. Here's a quick guide to get you started:
Enter trade parameters: Specify the token you want to trade and the amount you want to buy or sell.
Make trades: Use Telegram bot to make trades. This bot provides real-time feedback and ensures timely execution based on set parameters.
Security features
According to Banana Gun's documentation, there are at least 3 main security features implemented:
Fight against profiteering tricks from MEV. Banana Gun provides a swap service that is resistant to profiteering from MEV, thereby protecting users from many forms of attacks such as attack sandwich work and frontrunning.
Protection from reorganization. Banana Gun has the ability to protect users from block reorg attacks, which can occur when the transaction history of the blockchain is changed.
Protected with honeypot technology. Banana Gun uses built-in simulation data to protect users from tokens that are inherently fraudulent in the first place. If the system cannot simulate a successful transaction, the transaction will not be executed.
What is BANANA token?
Uses
BANANA is Banana Gun's ecosystem token that can be used in the following cases:
Vote on suggestions.
By burning BANANA, users will receive additional features in the bot.
By holding BANANA, users will have access to the holder's chat.
By holding BANANA, users will receive real profits generated by the trading bot.
Key figures (as of July 18, 2024)
Token name: BANANA
Token standard: ERC-20
Initial circulating supply when listed on Binance: 3,220,000 (36% of token supply)
Token supply: 8,900,000
Maximum supply: 10,000,000
Current circulating supply: 2,420,000 (27% of token supply)
Number of airdrop tokens allocated to HODLers: 800,000 (9% of token supply).
Token allocation structure
Burn: 11% of maximum token supply.
Binance HODLer Airdrop Program:
8% of maximum token supply.
9% of token supply.
Holders: 24% of maximum token supply.
Locked liquidity: 1% of maximum token supply.
Funds and ecosystem: 46% of maximum token supply.
Project team: 10% of maximum token supply.
Banana Gun in the Binance HODLer Airdrops program
Binance HODLer Airdrops is a token reward program for BNB holders based on data collected on previous BNB balances through airdrop
Banana Gun (BANANA) was introduced as the first project in the Binance HODLer Airdrops program. Users who deposit BNB into Binance's Simple Earn product between June 23, 2024 and July 5, 2024 will be eligible to receive an airdrop of BANANA tokens.
The airdropped BANANA tokens were allocated to the Spot Wallets of qualified users before being officially listed on Binance on July 20, 2024. The first trading pairs offered include BANANA/BTC, BANANA/USDT, BANANA/BNB, BANANA/FDUSD and BANANA/TRY. BANANA has been listed with seed tag.
summary
Banana Gun is a Telegram bot that allows traders to hunt for newly launched tokens and buy active tokens. This bot offers automated and manual trading options while protecting users with an anti-rug pull system and a swap service that protects against MEV profiteering. The inclusion of Banana Gun in the Binance HODLer Airdrops program allows BNB holders to receive airdropped BANANA tokens.
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