Author: Joyce, BlockBeats

Editor: Jaleel, BlockBeats

TG bot's iteration in the encryption industry is much faster than most people imagine. Maestro has surpassed the previous leader Unibot in terms of user volume without issuing coins, and now Banana Gun is also gaining momentum.

According to the latest data from Dune, the number of daily active users of Banana Gun has far surpassed Unibot and is approaching Maestro.

Source: Dune

Like Unibot, Banana Gun is a Telegram bot that helps users quickly obtain tokens by sniping contracts. Its most famous feature is the Sniper function, which has the potential to become the preferred sniper and manual buyer for users on Ethereum.

Income is one of the factors to evaluate TG bot. It is worth noting that before the Token sale, Banana Gun's Telegram group had less than 300 members, but it was able to achieve a stable daily income of 10-25ETH.

Coming soon, what about Token Economics?

Banana Gun views the issuance of tokens as a way of brand marketing and achieving a positive flywheel effect. This presale will be conducted on their own dApp. During the first three weeks of the sale, Banana Gun filtered out robot users who completed the tasks and issued NFTs to them, although the use of NFTs was not yet announced at that time.

In this presale, the expected upper limit is 800ETH, and the presale issuance price is $0.65. To ensure even distribution, the team will introduce a tiered system during the presale period, which will be hosted on their own decentralized application (dApp).

The distribution will be conducted in four rounds on a first-come, first-served basis. The first round will not exceed the supply and will be open to users who hold 2-5 Quest NFTs, users who have contributed to the project, and KOLs. The remaining three rounds will have a higher supply and will focus on early loyal users. Considering that Banana Gun has generated 500 ETH in revenue in just three months, the sale may end as early as the second round.

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Source of the image: Banana Gun

Banana Gun will leave a few days between release, revenue sharing, banana bonuses, and airdrops to ensure stable release conditions.

This time, 10 million $BANANA will be released, with 20% allocated for pre-sale, 3% for liquidity pools, 1.2% for airdrops, 10% reserved for the team, with half of the team's reserve locked for 2 years and released linearly over 3 years, and the other half locked for 8 years and released linearly over 3 years. The treasury will reserve 65.8%, with most of it locked and the released portion used for rewards for users who use the Bot.

The presale price is $0.65 per $BANANA, with an initial market value of $1.56 million and an initial FDV of $6.5 million. The initial liquidity will be injected with $300,000 $BANANA and $195,000 liquidity, totaling $390,000 liquidity. Ideally, the liquidity ratio of $BANANA will reach 25% of the circulating market value, which can maintain the health of the token market in terms of volatility and depth.

There will be 2.4 million tokens in circulation, accounting for 24.2% of the total tokens. The buying and selling tax is both 4%. The team promises to "reduce taxes when the market value increases significantly". Currently, 2% of the buying and selling tax is allocated to token holders, 1% is allocated to the team, and 1% is allocated to the treasury.

Banana Gun Ecological Mechanism

Banana Gun provides a mechanism in its ecosystem that allows for the conversion of roles between robot users, $BANANA holders, and Banana Gun investors. Each transaction made using Banana Gun earns $BANANA as a reward, calculated as a fee*X, where X is between 0.05~1. The team has stated that they will adjust this based on market conditions. $BANANA holders can earn a share of income on the dApp, including 40% of fee income and 50% of token transaction taxes. The fee for using Banana Gun is 1%, while the fee for manual buying and selling is 0.5%. The token transaction tax is 4%.

For the possible risk of token inflation, Banana Gun has also made some considerations to control the deflation/inflation rate within 30%. Factors such as token price, robot quantity, and trading volume need to be taken into account. Firstly, 1% of the treasury tax will be repurchased, which can usually offset most of the inflation problems. In addition, the issuance of $BANANA is adjustable, and the characteristics of its ecological mechanism will also encourage users to actively participate in trading and hold $BANANA. The team also stated that there will be functions available in the future that will consume tokens.

According to the official documentation, Banana Gun has prepared two rounds of airdrop plans for users who have invested time and effort: 100,000 and 20,000 respectively. The first airdrop will be based on the user's previous collection of NFTs on Banana Gun, with different difficulty levels of NFTs corresponding to different point values. After calculation, the number of tokens that can be obtained will be determined, which can be viewed directly on the dApp. The second airdrop will be released in subsequent social media marketing activities.

Unlike Unibot, Banana Gun's distinctive and most famous feature is its Sniper function, which specializes in First Block. The second feature is its trading function. Now let's take a look at how to play Banana Gun, which has excellent Sniper function and a clear airdrop plan.

Enter the Banana Gun Telegram bot channel, click start to enter the guide, and access Sniper's settings page through the setting option.

Below the parameter display area, select the parameter you want to modify.

After setting up, click on Wallets to add a wallet, which can be imported with a private key or generated directly. Each Telegram account can use up to 5 wallets. After generating the wallet, continue to set up automatic and manual wallets. Then set the fee to be paid for the sniper. The form used by Banana Gun is a unified package of bribes. In the same contract, the order of the queue is determined by the amount of the fee given, so it is necessary to set different amounts of fees for different projects.

After completing the basic settings, you can enter the contract you want to "snipe" and the maximum expenditure for each wallet. Banana Gun can automatically capture Telegram channels to obtain any messages from bots or administrators that contain Ethereum contract addresses. Once found, it will initiate a purchase or activate the automatic sniper.

Read more: How to Snipe - Banana Gun Manual

Bot Race: The Battle of Long Er

There are also many people in the community who believe that Bot still has a lot of room for growth. In the short term, Bot's token economics has opened up new ideas for funding and price empowerment. Paying attention to new products and iterations such as Banana Gun may have the opportunity to capture a new round of market growth.

Last month, Unibot's trading volume accounted for 2% of Uniswap's, referencing Uniswap's absolute leadership in the DEX field. With Unibot's trading volume, it may surpass some DEXs supported by well-known VCs. No wonder some people in the community think that the relationship between Unibot and Banana Gun is like that of Uniswap and Sushi.

Source: DefiLlama

From the latest revenue data, Maestro's revenue ranks ninth, which may indicate that the Bot track is not a false narrative, but has real demand.

Bot tools solve some long-standing problems for cryptocurrency users. These features include copy-trading, new coin sniping, automated airdrop interactions, and utilizing AI to generate smart contracts or NFTs. Without these advanced Bot tools, individual cryptocurrency traders will face significant challenges in improving their technical advantages.

With the support of Telegram's 550 million monthly active users, the Bot ecosystem is becoming increasingly rich. BlockBeats will continue to focus on the TG ecosystem.

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