In the cryptocurrency space, the emergence of trading bots has undoubtedly brought new vitality and competition to the market. Recently, @BananaGunBot announced the presale of its tokens, which attracted widespread attention. This article will take a deep dive into the presale of Banana Gun and its key indicators, and analyze its performance in the market.
What is Banana Gun?
Banana Gun is a Telegram-based trading bot that offers a unique sniper buy feature that enables users to quickly purchase newly launched tokens. This feature provides a huge advantage for users who want to get a head start in new projects.
Presale Details
Banana Gun's presale target is 800 ETH, and each user can be allocated up to 1 ETH. The presale and sale price is set at $0.65 per token, with a starting market value of $1.56 million and a fully diluted valuation (FDV) of $6.5 million. The presale will be divided into four rounds, and the tokens will be unlocked immediately after the sale.
Airdrop Plan: Banana Gun plans to conduct two airdrop activities. NFT holders will receive a 1% airdrop, while participants who complete social tasks will receive a 0.2% airdrop. These airdrops have a lockup period of two months.
Token Economics
Banana Gun's token distribution is as follows:
20% for presale
3% for liquidity pool
1.2% for airdrops
10% reserved for the team
65.8% deposited in the treasury reserve (mostly locked)
At the time of release, the tokens in circulation are 24.2%. The liquidity pool has about 120 ETH.
Revenue Sources:Banana Gun generates revenue mainly through its payment mechanism. The automatic sniping function requires a 1% fee, while manual purchases require a 0.5% fee. In addition, token transactions are subject to a 4% tax.
Profit Sharing:Token holders are eligible for dividends, and 50% of token transactions and 40% of robot revenue will be distributed to holders. These profits can be claimed through the dApp a few days after the token is released.
Tax Allocation
The 4% tax will be allocated as follows:
2% to token holders
1% to the team
1% to the treasury
The treasury will use these funds for operating expenses, buybacks, and exchange liquidity provision when necessary.
Sustainability: Banana Gun aims to establish a positive feedback loop of revenue, profit sharing, rewards, and buybacks. Users receive $BANANA tokens as trading rewards, and then the project party completes the token buyback through tax funds.
Project Performance: Since the pre-sale announcement, @BananaGun_Bot has attracted a large number of users and trading activities, even surpassing Unibot. BananaGun has a cumulative number of users of 13,462, while Unibot has a cumulative number of users of 14,722.
Liquidity: To ensure market stability and minimize slippage, Banana Gun will initially provide liquidity at a ratio of 25% of market value. Banana Gun offers initial liquidity of 300,000 $Banana tokens and $195,000 ETH, totaling $390,000 and a starting market cap of $1.56 million.
Analyst view: Trading bots such as Banana Gun are game-changers for the public, providing quick access to Web3. It offers features that traditional DEXs lack, such as sniper buys, MEV protection, and Rug pulls that were previously unavailable to ordinary users.
Banana Gun recently outperformed Unibot in terms of user volume, demonstrating its growing popularity and potential. Its starting market cap of $1.56 million is attractive compared to Unibot's current market cap of $81 million.
The reward and destruction mechanism of the Banana Gun token is well designed, providing potential benefits to token holders. But the actual revenue-generating ability and sustainability of the platform still need to be verified through real transactions.
Newly launched popular tokens tend to attract the attention of investors, some of whom may adopt paid tools for related operations. As a result, Banana Gun has become the main weapon for these people.
Trading bots like Banana Gun open the door to the average user, provide advanced features and level the playing field. The Web3 space is evolving rapidly and it’s exciting to see these new things emerge!