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Key takeaways
Banana Gun is a Telegram bot designed to enhance cryptocurrency trading on the Ethereum and Solana networks, allowing users to spot upcoming token launches and purchase tokens already live.
The Banana Gun (BANANA) was introduced on Binance HODLer airdrops. Users who subscribed their BNB to Binance’s Simple Earn products between June 23, 2024 and July 5, 2024 were eligible for the BANANA airdrop.
Introduction
Trading bots are tools that traders use to increase their chances of success. Banana Gun is a bot designed to improve the trading experience in the cryptocurrency market. In this article, we will look at what Banana Gun is, how it works, its business model (tokenomics), and the details of Banana Gun on Binance HODLer airdrops.
What is Banana Gun?
Banana Gun is a Telegram bot that facilitates automated and manual trading on the Ethereum network and allows users to buy and sell manually tokens on the Solana network. It aims to become the reference tool for anticipating future token launches and securely purchasing tokens already in circulation.
How Banana Gun Works
Account creation
To start using Banana Gun, follow these steps:
Sign up for Telegram: join the Banana Gun bot channel and create your account.
Create or import a wallet: Follow the instructions to create a new crypto wallet or import an existing one.
Fund your wallet: Make sure your wallet contains at least 0.1 ETH or an equivalent amount of other supported cryptocurrencies.
Verification: Verify your portfolio through the sales bot.
Automated trading
Now you can use the auto-spotting feature to automatically execute trades the moment a new token is launched. Here's how to do it:
Configure tracking settings: Set settings for automatic tracking, including token address, tracking type, maximum investment amount per wallet, and number of wallets to use for location.
Monitoring and execution: The bot continuously monitors the blockchain for the launch of the specified token. Once detected, it automatically executes the trade.
Trading manuel
In addition to automated scouting, you can buy and sell tokens manually. Here's a quick guide to help you get started:
Enter trading parameters: specify the token you want to trade and the amount you want to buy or sell.
Execute the trade: Use the Telegram bot to execute the trade. It provides real-time feedback and ensures rapid execution based on defined parameters.
Security Features
According to Banana Gun documentation, at least three key safety features are in place:
Resistance to VME. Banana Gun offers VME-resistant swaps, protecting users from various exploits, such as sandwich attacks and frontrunning (antetransaction).
Protection against reorganization. Banana Gun provides protection against block reorganization (reorg) attacks, which can occur when the transaction history of a blockchain is modified.
Protection against honeypot. Banana Gun has built-in simulations that protect users from scam tokens from the start. If a successful trade cannot be simulated, the transaction will not be completed.
What is the BANANA token?
Use case
BANANA is the token of the Banana Gun ecosystem and can be used in the following cases:
Vote on the proposals.
Burn from BANANA for additional functionality in the bot.
Holding BANANA to access the chat intended for holders.
Holding BANANA to receive the real yield generated by the trading bot.
Key Indicators (as of July 18, 2024)
Token Name: BANANA
Token standard: ERC-20
Initial supply in circulation when listed on Binance: 3,220,000 (36% of total supply)
Supply totale : 8 900 000
Supply maximale : 10 000 000
Supply currently in circulation: 2,420,000 (27% of total supply)
HODLer Airdrop Allocation: 800,000 (9% of total supply).
Distribution you token
Burned: 11% of the maximum token supply.
Binance HODLer Airdrops:
8 % de la supply maximale de tokens.
9% of the total token supply.
Holders: 24% of the maximum token supply.
Locked liquidity: 1% of the maximum token supply.
Treasury and ecosystem: 46% of maximum token supply.
Team: 10% of the maximum token supply.
Banana Gun on Binance HODLer airdrops
Binance HODLer airdrops are programs that reward BNB holders with token airdrops based on historical captures of their balances of BNB. By subscribing to Simple Earn for BNB, users are automatically eligible for HODLer airdrops (as well as Launchpool and Megadrop rewards).
Banana Gun (BANANA) was introduced as the first project in Binance’s HODLer airdrops. Users who subscribed their BNB to Binance’s Simple Earn products between June 23, 2024 and July 5, 2024 were eligible for the BANANA airdrop.
The BANANA tokens in the airdrop were distributed to eligible users' Spot Wallets ahead of the official listing on Binance, which took place on July 20, 2024. The initial trading pairs available included BANANA/BTC, BANANA/USDT, BANANA/BNB , BANANA/FDUSD and BANANA/TRY. BANANA was listed with funding label.
Conclusion
Banana Gun is a Telegram bot that allows traders to spot new token launches and purchase tokens already online. It offers automated and manual trading options while protecting users with anti-rug and VME-resistant swaps. The inclusion of the Banana Gun in Binance’s HODLer airdrop program allowed BNB holders to receive BANANA tokens via an airdrop.
For more information
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