Partnered With:

BANANA went to zero after being online for one and a half hours. The official team will issue a new coin and promise to compensate those who suffered losses.

Read this article in 3 Minutes

Due to "irreparable errors" in the original tax contract, the official decided to liquidate the LP pool and issue a new coin, promising to compensate all losses incurred by affected parties.

BlockBeats News, on September 12th, according to market data, the Telegram Bot project's Banana Gun token BANANA opened and went to zero after only one and a half hours, with a short-term high of over $8.5.

The official announcement stated that there is an "irreparable error" in its tax contract, and 4% of the sales tax did not enter the project party's tax wallet as expected, but instead remained in the seller's wallet. In response, the project party stated that it will sell the treasury wallet BANANA to deplete LP and use the funds to deploy a new contract.

According to the official compensation plan, Banana Gun has taken a snapshot at block height 18115275 (approximately 3:43 AM Beijing time) and will airdrop new coins and restart the LP pool for every user holding BANANA at the time of the snapshot. If a user sells after the snapshot but realizes a profit, the project team will no longer provide compensation. If a user sells and incurs a loss, the project team will compensate for the ETH loss.