What is a banana gun?

Banana Gun is one of the most popular Telegram trading bots on the market today. Banana Gun offers two services: trading and sniping. Trading allows you to securely purchase tokens that have been issued on Ethereum. Sniping allows you to complete purchases of upcoming coins before anyone else does. Banana Gun currently only supports Ethereum, but plans to support more chains in the future.

Telegram trading bots have been a rapidly growing market segment lately. Maestro Bots is the top player, but it doesn't issue coins. Unibots and Banana Gun are vying for the second place spot. Unibots earlier launched the token $UNIBOT and found success in the market. Ethereum has been treading water over the past 90 days, but $UNIBOT is up 500%, peaking as high as 2,000%.

How to use the banana gun?

Want to try the Banana Gun yourself? Very easy to set up.

First, add @BananaGunRegister_bot, @BananaGunSniper_bot and @BananaGunSell_bot to Telegram.

In @BananaGunRegister_bot , type /start and a dialog box will pop up. Just follow the instructions and you will be able to add a wallet to the bot.

In @BananaGunSniper_bot , type /start and a dialog box will pop up. You can choose from the options provided to snipe any coin you want.

In @BananaGunSell_bot , type /start and /verify. A dialog box will pop up. After verification, you can trade any ERC-20 token using Banana Bot.

In general, @BananaGunRegister_bot was created for new users to add a wallet. The purpose is to filter out occasional cyberattacks so that Sniper and Sell bots can function properly.

@BananaGunSniper_bot is responsible for basic settings and sniper commands.

@BananaGunSell_bot Displays and can sell the tokens you purchased via Banana Gun.

Banana Gun Statistics

Banana Gun has maintained healthy growth since its launch, as evidenced by the growth in transaction volume and users in the chart below.

However, the user stickiness of Banana Gun is not high. 36.5% of users have used the bot only once. More than half (52%) of users have used bots only once or twice.

$BANANA TOKEN SALE

Banana Gun is scheduled for today (Friday, September 3) at 17:00 UTC (Beijing time: 1:00 am on Saturday, September 4th) launched its token $BANANA.

$BANANA will be released on Banana Gun’s dApp. The main data includes:

• Financing amount: 800E
• Maximum amount per wallet: 1E
• Pre-sale price: $0.65
• Launch price: $0.65
• Starting market value: $1.56 million
• Initial FDV: 6.5 million USD

The offering will be completed through a hierarchical whitelisting process. The total quota of 800E will be opened in batches in different rounds, and it is first come, first served in the current round. The market expects that all the quota will be sold out in the second round.

The total supply of $BANANA is 10 million tokens, distributed as follows:

This will result in the initial The circulating supply (including liquidity) is 2.4 million coins. Tokens will have a 4% buy tax and a 4% sell tax, which will go to:

• 2% - Token holders
• 1% - The Team
• 1% - The Treasury (aka the Team)

The Team claims that the tax will be reduced later when the market capitalization increases significantly.

The initial liquidity pool will include 300,000 $BANANA and $195,000, with a total liquidity of $395,000 and an initial market capitalization of $1.56 million.

Can I rush it?

When $UNIBOT's market cap (same as FDV as all tokens are in circulation) is $83 million, Banana Gun's market cap starting at $1.56 million (FDV $6.5 million) is attractive .

However, when something seems easy, there are hidden pitfalls. For example, the team controls 75.8% of the token supply, and the vesting schedule for the portion of the treasury is not announced. Then there is the 4% buy/sell tax, which will make $BANANA difficult to trade on reputable CEXs. Additionally, the team plans to raise 800E but only put 125E into the liquidity pool.

So if you are whitelisted, it should be profitable to buy as many tokens as possible within the 1E limit, after all your cost basis will be the same as the pre-sale buyers, They are also potential deal-breakers.

However, if you plan to buy through secondary market transactions, you must proceed with caution to avoid another Pump & Dump or Rugpull runaway.