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Unibot's strongest competitor? Banana Gun Bot attracts attention with coin launch, motives questioned for flip-flopping

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Banana Gun Bot, the rising star of Telegram bots, has been gaining popularity with its growing user base and trading volume, approaching the ranks of Unibot. Yesterday, it released news of its token launch, attracting attention from users in the blockchain community. Here is a summary of Banana Gun Bot's introduction, its token economic model, and public sale information.

Background: Overview of Telegram BOT, common functions, applications, and risks

What is Banana Gun Bot?

According to the Banana Gun official website, it is a Telegram bot that allows users to instantly participate in upcoming token sales or securely purchase any circulating tokens, aiming to be the preferred sniper and manual buying tool on the Ethereum network.

Dune data shows that the user count and trading volume of Banana Gun Bot have grown significantly in the past three months, now rivaling the second-place Unibot.

Moreover, it has been gaining momentum on Twitter, with current followers reaching 16,000, and tweet impressions, likes, and shares seeing tens to hundreds of times growth within 7 days.

Token Sale Announcement Sparks Discussion

What further excited the community was the statement released by the Banana Gun team last night, claiming an upcoming token issuance and public sale, along with the release of the token economic model, which garnered significant user attention.

Token Economic Model

According to the official documentation, the token economics of $BANANA are as follows:

  • Presale: 20%
  • Liquidity Pool: 3%
  • Airdrop: 1.2%, distributed to official NFT holders and those who complete official missions
  • Team Reserve: 10%, half locked for 2 years and linearly unlocked over the next 3 years; the other half locked for 8 years and similarly linearly unlocked over the next 3 years
  • Treasury: 65.8%, mostly locked with some future unlocking for user rewards

$BANANA Token Public Sale Information

The following is the official tweet and content from KOL 0xSun regarding $BANANA's token public sale:

  • Presale: 800 ETH
  • Individual wallet cap: 1 ETH, first come first serve
  • Presale and listing price: $0.65
  • Initial circulating market cap: $1.56 million
  • Initial Fully Diluted Valuation (FDV): $6.5 million
  • Trading tax: 4%, decreasing with market value growth, with 2% distributed to token holders, 1% to the team, and 1% to the treasury
  • Initial liquidity: 300,000 $BANANA and $195,000 stablecoins, comprising about 23% of the total token supply

The team also mentioned that the presale will be divided into four rounds and conducted through its dApp:

  • Round 1: Users and KOLs holding 2 or more official NFTs
  • Round 2: Early users and DAO
  • Round 3: Users holding only 1 official NFT
  • Round 4: All users who have used the Banana Gun wallet

In terms of token ecosystem, token holders will receive 40% of Bot transaction fee revenue and 50% of token trading tax revenue, which can be claimed through the official dApp.

Additionally, token holders trading using the Banana Gun Bot can also receive $BANANA rewards, depending on market conditions.

Claiming No Token Issuance but Suddenly Reversing?

Interestingly, some users discovered that the Banana Gun team initially seemed not to plan a token sale.

Through the conversation, it was clear that the team had explicitly stated "they had no plans to issue tokens" before, but now the sudden public sale announcement has led to speculation about their motives.

Some Users Question the Risks

Aside from the flip-flop token issuance announcement, some of the team's other actions have raised questions among certain individuals.

User shadow mentioned that he earns daily incomes of 10 to 25 ETH and has made over 500 ETH in profits within three months; he also charges a 1% fee for sniper services and a 4% trading tax, generating substantial and stable income.

Given the tax revenue and stable income, why raise funds through a public token sale? Moreover, the sale of tokens worth up to 800 ETH without a Vesting mechanism undoubtedly raises concerns about potential dumping.

Note: Vesting is a financial mechanism where a specific quantity of assets or shares gradually unlocks for investors over a period, rather than all being provided upfront. This encourages long-term participation and reduces the risk of large-scale dumping.

Some have also pointed out that the wording and language used in Banana Gun team tweets emit a sense of unprofessionalism, indicating a lack of familiarity with the blockchain and crypto industry.