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Key points:

  • Banana Gun is a bot for Telegram designed to improve cryptocurrency trading on the Ethereum and Solana networks by allowing users to track upcoming token launches and buy already active tokens.

  • Banana Gun (BANANA) was introduced via airdrops to Binance holders. Users who signed their BNB to Binance 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'll take a look at what Banana Gun is, how it works, its tokennomics, and details on the Banana Gun airdrop for Binance holders.

What is Banana Gun?

Banana Gun is a Telegram bot that facilitates automated and manual trading on Ethereum and allows users to manually buy and sell tokens on the Solana network. It aims to become the primary tool for tracking upcoming token launches and securely buying already active tokens.

How does Banana Gun work?

Create an account

To get started with Banana Gun, follow these steps:

  1. Register on Telegram: Join the Banana Gun bot channel and register your account.

  2. Create or import a wallet: Follow the instructions to create a new crypto wallet or import an existing one.

  3. Top up your wallet: Make sure you have at least 0.1 ETH or equivalent in other supported cryptocurrencies in your wallet.

  4. Verification: Verify your wallet with the sell bot.

Automated trading

You can now use the auto-sniper feature to automatically execute trades when a new token is launched. Here's how to do it:

  1. Configuring Sniping Options: Set parameters for the auto-sniper, including token address, sniper tip, maximum investment amount per wallet, and number of wallets to be used for sniping.

  1. Monitoring and Execution: The bot constantly monitors the blockchain for the launch of the specified token. Once detected, the transaction is automatically executed.

Manual trade

In addition to automatic sniping, you can buy and sell tokens manually. Here's a quick guide to get you started:

  1. Enter the deal parameters: specify the token you want to trade and the amount you want to buy or sell.

  1. Execute the transaction: Use the Telegram bot to execute the transaction. It offers real-time feedback and ensures timely execution based on set parameters.

Security features

According to the Banana Gun documentation, there are at least three key security features:

  1. Resistance to MEV. Banana Gun offers MEV resistant swaps, protecting users from various exploits such as sandwich attacks and transaction preemption.

  2. Protection against reorganization. Banana Gun provides protection against block reorganization (reorg) attacks that can occur when the blockchain's transaction history changes.

  3. Honeypot protection. Banana Gun has built-in simulations that protect users from fraudulent tokens from the start. If a successful transaction cannot be simulated, the transaction will fail.

What is the BANANA token?

Options for use

BANANA is the Banana Gun ecosystem token that can be used in the following cases: 

  • Voting for proposals. 

  • Burning BANANA for additional features in the bot.

  • Hold BANANA to access the holders chat.

  • Holding BANANA for real profit generated by trading bot.

Key metrics (as of 07/18/2024)

  • Token name: BANANA

  • Token standard: ERC-20

  • Initial circulating supply during listing on Binance: 3,220,000 (36% of total supply) 

  • Total supply: 8,900,000

  • Maximum offer: 10,000,000

  • Current circulating supply: 2,420,000 (27% of total supply) 

  • Airdrop distribution for holders: 800,000 (9% of the total supply).

Token distribution

  • Burned: 11% of maximum token supply. 

  • Airdrop for holders on Binance: 

    • 8% of the maximum token supply. 

    • 9% of the total token supply. 

  • Holders: 24% of maximum token supply. 

  • Locked liquidity: 1% of maximum token supply. 

  • Treasury and Ecosystem: 46% of maximum token supply. 

  • Team: 10% of maximum token supply.

Banana Gun in airdrops for Binance holders

Binance Airdrops for Holders is a program that rewards BNB holders with airdrop tokens based on historical snapshots of their BNB balances. By signing up for BNB on Simple Earn, users are automatically eligible for holder airdrops (as well as Launchpool and Megadrop rewards).

Banana Gun (BANANA) was introduced as the first project in the airdrops for Binance holders. Users who signed their BNB to Binance Simple Earn products between June 23, 2024 and July 5, 2024 were eligible for the BANANA airdrop.

BANANA tokens from the airdrop were distributed to the spot wallets of the respective users before the official listing on Binance, which took place on July 20, 2024. The initial available trading pairs included BANANA/BTC, BANANA/USDT, BANANA/BNB, BANANA/FDUSD and BANANA/TRY. BANANA was included in the listing using the seed tag.

Results

Banana Gun is a Telegram bot that allows traders to track new token launches and buy already active tokens. It offers both automated and manual trading options, protecting users with an anti-money laundering system and MEV-resistant swaps. The inclusion of the Banana Gun in the Binance Airdrop program for holders allowed BNB holders to receive BANANA tokens.

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