BananaGun Pre-sale Analysis: The Rise of Trading Bots

@BananaGunBot has surged in popularity after announcing its token presale. The latest data shows that BananaGun’s user base and trading volume are comparable to Unibot, which intensifies the competition between the two. In this article, GryphsisAcademy will take a deep look at BananaGun’s presale and key metrics.

Introduction

Banana Gun is a Telegram trading bot that offers a unique sniper buy feature that enables users to quickly purchase newly launched tokens. This provides an advantage to early users seeking to participate in new projects.

Pre-sale

The pre-sale fundraising target is 800E, and the maximum allocation per person is 1E. The pre-sale and sale price is set at $0.65. The starting market value is $1.56 million and the FDV is $6.5 million. The pre-sale includes four rounds, and the tokens are unlocked immediately after the sale.

airdrop

Banana Gun will have two airdrops in total. NFT holders will receive a 1% airdrop, while participants who complete social tasks will receive a 0.2% airdrop. These airdrops will have a lock-up period of two months.

Token Economics

20% pre-sale, 3% liquidity pool, 1.2% airdrop, 10% team reserve, and 65.8% treasury reserve (mostly locked). The circulating tokens at the time of issuance are 24.2%. The pool is about 120E.

Income Sources

Banana Gun generates revenue primarily through its payment mechanism. The automatic sniping feature 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, 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 launch.

Tax dividends

The 4% tax is distributed as follows: 2% to token holders, 1% to the team, and 1% to the treasury. The treasury will use these funds for operating expenses, buybacks, and exchange liquidity provision when necessary.

Sustainability

BananaGun aims to establish a positive feedback loop of revenue, profit sharing, rewards and buybacks. Users receive $BANANA tokens as trading rewards, and the project then completes the token buyback through tax funds.

Project Performance

Since the pre-sale announcement, @BananaGun_Bot has attracted a significant amount of user volume and trading activity, surpassing Unibot, with 13,462 cumulative users for BananaGun and 14,722 cumulative users for Unibot.

The chart data comes from Dune Chart created by Twitter user @whale_hunter_.

Liquidity

To ensure market stability and minimize slippage, Banana Gun will initially provide liquidity at a ratio of 25% of the market value. Banana Gun will provide initial liquidity of 300,000 $Banana tokens and 195,000 $ETH, totaling 390,000 $, with a starting market value of 1.56 million $.

My opinion

Trading bots have brought game-changing changes to the public, providing quick access to Web3. It provides features that traditional DEX lacks, such as sniper purchases, MEV protection, Rug pulls, and other features that were previously unavailable to ordinary users.

BananaGun recently surpassed Unibot in terms of user numbers, demonstrating its growing popularity and potential. Its starting market cap of $1.56 million is quite attractive compared to Unibot’s current market cap of $81 million.

The reward and destruction mechanism of Banana Gun tokens seems to be well designed and provides potential benefits to token holders. However, 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 use paid tools to carry out related operations. Therefore, Banana Gun has become the main weapon for these people.

Trading bots like Banana Gun open the door for regular users, provide advanced features and level the playing field. The Web3 space is evolving rapidly and it’s exciting to see these new things emerge.