Original | Odaily

Author | How are you

Editor | Hao Fangzhou

While a few industry insiders are still discussing how "Intent-centric" can facilitate the large-scale applications of Web3, the Bot track, which is closer to the general public, is developing at full speed. In a sense, Bot projects satisfy the design concept of intention-centric applications and leverage Telegram's massive user base to bring in newcomers to Web3. Especially for trading Bots, their almost traceless trading model helps new users enter Web3 quickly.

Trading Bots provide functions that traditional DEXs do not have, such as sniper attacks on new coins, protection against MEV attacks, protection against Rug attacks, etc. Prior to the emergence of Bot projects, these functions were only familiar to "scientists" in the crypto community. Now, delegated robot trading narrows the gap between ordinary users and professional users.

Since May of this year, Unibot has been rising rapidly. If you have ever regretted not entering or discovering Alpha early, Odaily needs to remind you that both Banana Gun and MaestroBot currently have more users than Unibot. Especially Banana Gun, which gained popularity due to its token presale announcement yesterday.

Why can Banana Gun attract new users in the fiercely competitive Bot track?

As one of the trading Bots, Banana Gun has similar general functions as other trading Bots, which is to help users trade tokens in various ways via Telegram. Its main feature is sniper attacks on new coins, enabling users to purchase newly issued tokens in advance. This is of great help to users who like to invest in new projects.

Imagine that when a new coin is listed, you are still relying on traditional DEXs to place your orders, while users who have advanced information and use Banana Gun have already made their transactions, gaining potential advantages in terms of timing and price. Banana Gun fulfills the needs of users who want to seize opportunities and stay ahead in the market.

bsp;To purchase a transaction, all you can do is increase the Gas Fee to gain priority, while the robot using Banana Gun has already completed the transaction.

Interception of New Game Introduction

1) First, enter /start in @BananaGunSniper_bot, and it will pop up the main panel.

2) Click on "Settings" to configure different functions according to personal needs, and add a wallet.

3) Set sniper cost: The cost determines the order of entry into the sniper, set GWEI, and set the acceptability of slippage.

The above is the basic setting for starting Banana Gun. Users can also configure it according to the official documentation.

Is the process simple? By entering the new coin address and purchase requirements as prompted, finally selecting the wallet and wallet quantity after purchase, the configuration for the purchase of this new coin will be complete.

Banana Gun Token Economy

Banana Gun will issue tokens (BANANA) on the exclusive DApp, and whitelist users through early NFT events.

The presale will have an upper limit of 800 ETH, with a maximum allocation of 1 ETH per person, and a presale price of $0.65; a whitelist program with multiple rounds and levels will be used, and quotas will be distributed on a first-come, first-served basis in different rounds. The specific distribution rules are shown in the following figure:

Banana Gun The total supply of tokens this time is 10 million tokens, with the team holding 10% of the total tokens. The lock-up period is divided into 2 years and 8 years. After the lock-up period, there will be a linear unlock period of 3 years. During the 8-year lock-up period, you can participate in the ecological income sharing plan.

The airdrop plan is divided into two parts:

● NFT holders: 100,000 tokens will be airdropped in the first round, with different NFT levels corresponding to different points. The corresponding number of tokens will be distributed according to the points.

● Social media promotion: 20,000 tokens will be airdropped in the second round, distributed based on the level of social media dissemination and KOL.

The following image shows the specific allocation ratio:

The tokenomic model of Banana Gun aims to drive the long-term development of the protocol and reduce investor risk by locking up excessive tokens.

The tax distribution in the token sale is 2% to token holders, 1% to the team, and 1% to be stored in reserves. The initial liquidity will be $390,000 with a market value of $1.56 million and an initial price of $0.65. The liquidity of BANANA compared to the circulating market value is 25%, providing a good balance between volatility and depth.

Banana Gun Ecological Development Approach

The ecological value of Banana Gun is to use the treasury tokens as a reward mechanism to attract and retain users.

1. Token Holders

Based on the picture above, token holders can receive income sharing on the official DApp.

• Robot income (recommended 40% after)

• 50% of tax revenue

This action helps stabilize token holders and achieve token dividends.

2. Banana Gun users

When users purchase or attack new projects through Banana Gun, they can receive a certain amount of token rewards.

The calculation formula is: Token reward = payment fee * coefficient (official regulation 0.05-1)

3. New features

Banana Gun will launch new features for token burning in the future.

From the above three points, it is not difficult to find that the Banana project adopts a reward mechanism to attract users to use and retain token holders. However, this may cause the possibility of inflation, and the official has measures to prevent this:

• Repurchase through 1% national treasury tax: In all cases, this can offset most of the inflation;

• Adjustable multiplier; if necessary, this leverage can be used to balance emissions carefully;

• Increasing the number of users will lead to an increase in the number of robots, forming a flywheel;

• The new function will burn BANANA, completely removing it from circulation;

• The income distribution of the token is very high, so investors will hold it.

Summary

Banana Gun highlights sniper attacks on new projects. Before the early coin issuance, its user base had already surpassed Unibot, ranking second, and was not far behind the first-place MaestroBot. After announcing the coin issuance, its momentum became even more fierce, faintly showing signs of seizing the top spot.

Image fromDune

Based on its tokenomics, the token's reward and burn mechanisms are relatively sound, but its specific income-generating capabilities and sustainability are yet to be verified. Odaily hereby reminds that early-stage projects come with significant risks, so DYOR (Do Your Own Research).

Further Reading

Predicting the Future Direction of the "Trading Bot" Track with Five Images