Beyond Unibot, the release is about to take place, take a look at the token economy and sniper opening gameplay of TG BOT Dark Horse Banana Gun

Written by: Joyce, BlockBeats

Editor: Jaleel, BlockBeats

The iteration of the TG bot track is much faster than most people imagine. Maestro has surpassed the former leader Unibot in 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 close to Maestro.

Source: Dune

Like Unibot, Banana Gun is a telegram robot that helps users snipe contracts to quickly obtain tokens. Its most famous function is the sniper opening Sniper function, and it is expected to become the first choice sniper and manual buyer for users on Ethereum.

Income is one of the factors for evaluating TG bot. It is worth noting that before the Token was released, Banana Gun’s Telegram group had less than 300 people, but it could achieve a stable daily income of 10-25ETH.

The sale is coming soon, how about Token Economics?

Banana Gun views the issuance of Token as a way to market the brand and achieve a positive flywheel. This pre-sale will be conducted on their own dApp. In the first three weeks of the sale, Banana Gun filtered robot users who completed tasks and issued NFT to them, although the use of NFT had not been announced at that time.

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

There are four rounds of distribution, first come first served. There will be no over-issuance in the first round, targeting users who hold 2 to 5 Quest NFTs, users who have helped the project, and KOLs; the last three rounds will all be over-issuance, focusing on early loyal users. Considering that Banana Gun has generated 500 ETH in just the past three months, the sale may end in round two.

Source: Banana Gun

Banana Gun will allow a few days between launches, revenue sharing, banana bonuses, and airdrops to ensure a stable launch.

This time, 10 million $BANANA will be released, of which the pre-sale accounted for 20%, the liquidity pool accounted for 3%, the airdrop accounted for 1.2%, the team reserved 10%, and half of the team reserved will be locked for 2 years and then 3 years Linear release, the other half will be released linearly in 3 years after 8 years of lockup. The treasury reserves 65.8%, most of which are locked, and the released part will be used to reward users for using Bot.

The pre-sale price is US$0.65 per $BANANA, corresponding to an initial market value of US$1.56 million and an initial FDV of US$6.5 million. Initial liquidity will be injected from $300,000 $BANANA and $195,000 liquidity, for a total liquidity of $390,000. Ideally, $BANANA’s liquidity ratio will reach 25% of the circulating market capitalization, which can maintain the health of the Token market in terms of volatility and depth.

At that time, there will be 2.4 million Tokens in circulation, accounting for 24.2% of the total number of Tokens. The transaction tax is 4%, and the team promises to “reduce taxes when the market value increases significantly.” The current transaction tax is 2% allocated to Token holders, 1% allocated to the team, and 1% allocated to the treasury.

Banana Gun Ecological Mechanism

In the ecosystem built by Banana Gun, it provides a mechanism to switch between the three roles of robot users, $BANANA holders, and investors of Banana Gun. Every transaction using the Banana Gun will receive $BANANA as a reward, calculated as a handling fee*X, where X is between 0.05 and 1, the team said it will be adjusted according to market conditions; $BANANA holders can Earn revenue share on the dApp, including 40% of service fee income and 50% of Token transaction tax; the service fee for using Banana Gun is 1%, the service fee for manual trading is 0.5%, and the Token transaction tax is 4%.

Regarding the possible risks of Token inflation, Banana Gun has also made some considerations to control the deflation/inflation rate within 30%. Token price, number of bots, and transaction volume are factors to consider. First of all, 1% of the treasury tax will be bought back, 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 transactions and hold $ BANANA. The team also said that the function that can consume Token will be launched later.

According to the official document, Banana Gun has prepared two rounds of airdrop plans for users who invest time and energy: 100,000 and 20,000 respectively. The first airdrop will be based on the user’s previous collection of NFTs on Banana Gun. NFTs of different difficulties correspond to different points. After calculation, the number of Tokens that can be obtained will be obtained, which can be viewed directly on the dApp. The second airdrop will be released in the subsequent social media marketing session.

How to snipe the opening of Banana Gun?

Different from Unibot, Banana Gun’s characteristic and most famous function is the sniper opening (Sniper function), focusing on First Block. The second is the trading function. Now let’s take a look at how to play Banana Gun, which has an excellent sniper opening function and a clear airdrop plan?

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

Below the parameter display area, select the parameter to be modified.

After the setting is successful, click Wallets to add a wallet, and you can import the private key or generate it directly. Each Telegram account can use up to 5 wallets. After the wallet is generated, proceed to set up automatic wallet and manual wallet. Then set the tip to be paid for sniping. The format used by Banana Gun is a unified package of bribes. In the same contract, the queuing order is determined by the tip given, so different amounts of tips need to be set according to different items.

After the basic settings are completed, you can enter the contract you want to “snipe” and the maximum payout for each wallet. Banana Gun can automatically crawl Telegram channels for any messages from bots or admins that contain an Ethereum contract address, and when found will initiate a purchase or launch an automated sniper.

Further reading: How to Snipe - Banana Gun Manual

The battle between dragon and dragon on the Bot track

Many people in the community 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 capital and currency price empowerment. Focusing on new products and new iterations such as Banana Gun may have the opportunity to capture a new round of market rise.

Last month, Unibot’s trading volume accounted for 2% of Uniswap. Considering Uniswap’s absolute leadership in the DEX track, the trading volume through Unibot may exceed the DEX supported by some famous VCs. No wonder some in the community think that Unibot is to Banana Gun what Uniswap is to Sushi.

Source: DefiLlama

Judging from the latest revenue data, Maestro’s revenue has ranked ninth. The numbers may show that the Bot track is not a false narrative, but has real demand.

Bot tools solve some long-standing problems for crypto users. These features include copy trading, new currency sniping, automated airdrop interactions, and the use of AI to generate smart contracts or NFTs. Without these advanced bot tools, individual crypto traders would face enormous challenges in advancing their technical edge.

With the support of Telegram’s monthly active users of 550 million, the Bot ecosystem is becoming more and more abundant, and BlockBeats will continue to pay attention to the TG ecosystem.