The market for Telegram trading bots has been expanding rapidly recently. One of the rising bots is Banana Gun. This article provides a comprehensive overview of the project, its native token BANANA, tokenomics, functionalities, and its potential impact on the DeFi ecosystem.

TLDR;

The top 5 Telegram trading bots are Unibot, Mizar, Banana Gun, Maestro, and Wagie Bot.
It offers two services: trading and sniping.
Token holders can claim a share of revenue on the dApp.
It offers two tiers: Manual and Auto.
Convenience and speed, that’s what Banana Gun is known for.

What Is Banana Gun Bot?

Banana Gun is one of Telegram's most well-known trade bots that can be purchased on the market. Banana Gun offers two different services, trade, and sniping, to its customers. Trading makes it possible for you to buy tokens that are already active on Ethereum in an anonymous way.

If you snipe, you can obtain tokens from upcoming token launches before others do. Currently, Banana Gun only supports Ethereum, but the company plans to support additional chains soon.

Overview of BANANA

The Banana Gun stands out from competitors due to its superior convenience and lightning-fast speed. Here are a few more reasons why utilizing Banana Gun rather than any other bot that is based on Telegram is in your best interest:

Sniping becomes entirely automated when you tell the bot what you want to buy and how much you want to pay. It takes care of computing the maximum transaction in the safe block and verifies whether or not the item can be sold.
You can sell or transfer tokens within an instance, and you may keep track of the Prices of your tokens in real time.
You are safe from dishonest people if you have top-tier anti-drug protection.
Honeypot detection, by default, will prevent you from purchasing a potentially harmful contract.
You are protected from getting sandwiched and abused by the anti-mev protection enabled by default.
Having reorg protection prevents you from being sandwiched in the unlikely event that blocks are reorganized.

Private Keys

Once you sign up, you can access your private keys. These keys are used to authorize transactions. So, keep these keys somewhere safe. Also, remember the Banana Gun team will never ask you for keys, so don’t share these in any circumstance.

Tier System

Banana Gun offers two-tier tier options: manual and auto snipe. The only difference between them is in fees.

The Ecosystem of Banana Gun Token

Banana Gun is one of the newest and more prominent newcomers to the Telegram bot trading arena, pioneered by the enormous success that Unibot experienced. Even though the BANANA coin has only been around for a short while, its community of users and advocates is continuously expanding.

Since the release of the Banana Gun, bot-enabled trading on Telegram has seen a major surge in popularity, particularly among traders looking for ways to snipe new tokens and hunt airdrops more effectively and swiftly.

The team behind Banana Gun is constantly trying to make new partnerships in the crypto space. The reason behind this is to make Banana more accessible to everyone.

Tokenomics

Token distribution:

Holders: 22.2%
Liquidity: 1.7%
Airdrop: 1.2%
Team: 10%
Relaunch burn: ~1.1%
Treasury(liquid): 3.8%
Treasury(locked): 60%

Here is the latest data about Banana (as of Nov 29, 2023):

Price per token: $13.38

Total market capitalization: $2.73 billion

Total supply: 203.94 million

How to Buy and Trade BANANA Tokens?

CoinEx is a global cryptocurrency exchange trusted by 5+ million users worldwide with 100% reserve. Users can now trade quickly and seamlessly with its 700+ tokens supported, including BANANA.

To purchase BANANA tokens on CoinEx, follow the steps below.

Create an Account: Start by signing up for a CoinEx account.
Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
Navigate to BANANA Trading Page: Once your account is funded, go to the dedicated BANANA trading page on CoinEx. You can find a search box and enter the term BANANA to swiftly locate the trading pair associated with BANANA tokens.
Choose a Trading Pair: Select the trading pair BANANA/USDT to trade BANANA against USDT (Tether).
Specify the Purchase Amount: Determine the quantity of BANANA tokens you want to purchase. Input the amount in the trading interface, which will calculate the corresponding cost based on the current market price.
Execute the Trade: Execute the trade with the specified amount. Confirm the details, and if you are satisfied, submit the order.

Following these comprehensive steps, you can easily trade BANANA tokens on CoinEx using the available trading pairs.