The First: Interpreting Trading Bot Dark Horse, Trading Sniper Banana Gun

The characteristics of the Meme coin market are highly speculative and volatile. A project may achieve huge gains in a short period of time, bringing huge returns to investors. However, this market is also full of uncertainty, and many projects may only be short-term speculation, lacking actual value or long-term development potential. Therefore, for traders, observing and analyzing the Meme coin market has become a full-time job, requiring keen market insight and quick decision-making ability.
Before the emergence of Telegram Bot, buying newly published Meme coins mainly relied on the professional knowledge and manual operation of traders. They needed to carefully analyze token contracts, identify key functions and constraints, and develop effective buying strategies. However, with the emergence of Telegram robots such as Banana Gun and Maestro, this process has been greatly simplified. These buying robots can automatically execute transactions, simulate contract functions, bypass traditional User Interfaces, and make the buying process faster and more efficient.

The rise of buying robots not only changes the way of buying, but also reshapes the pattern of buying. On the one hand, it makes the buying process more user-friendly, lowers the participation threshold, and enables more people to participate in the buying of Meme coins. On the other hand, it also intensifies market competition because buying robots can respond to market changes faster, execute transactions, and thus occupy greater advantages.
According to the official announcement of The First, the on-chain token trading tool ecosystem project Banana Gun has been launched on The First spot area at 16:00 (UTC + 8) on August 1, 2024. Today, we will delve into Banana Gun and its popular on-chain robots
What is a Banana Gun?
Blockchain technology has shown significant advantages in ensuring transaction security due to its characteristics of encrypted hashing, data immutability, and decentralization. However, in the rapidly developing decentralized finance (DeFi) field, especially leading decentralized exchanges (DEX) like Uniswap (UNI), they still face unique security challenges. Malicious robots, especially maximum extractable value (MEV) robots, take advantage of the transparency and predictability of blockchain to maximize their own interests by manipulating transaction order, thereby harming the interests of other users.
Banana Gun (BANANA) has emerged as a Telegram-based multi-chain trading robot to address these challenges. The robot focuses on protecting users from malicious behaviors such as MEV robots, carpet pull attacks, and sandwich attacks. Banana Gun uses smart contracts and advanced algorithms to monitor and intercept potential malicious transactions in real time, providing users with a solid protective barrier.

Muqian, Telegram has 700 million monthly active users and 55.20 million daily active users, becoming one of the top 5 downloads in the world. Like other trading robots, Banana Gun chose Telegram as its platform mainly because of its large user base and the API for creating robots. As a trading robot based on Telegram, Banana Gun's main products are Sniper bot and Sell bot. Compared with other copy robots, Banana Gun's advantage lies in its focus on sniping opening trades, which allows users to snipe tokens that are about to be launched or trade tokens that have already been published. The goal of Banana Gun is to become the preferred sniper/manual buying robot on the Ethereum network and consider expanding to more blockchain networks in the future.
Technical Features of Banana Gun
Banana Gun robot provides traders with powerful tools to protect themselves and pursue profits in the complex and risky cryptocurrency market through its innovative strategies and technology. In response to smart contract scams with token purchase restrictions, Banana Gun's simulated sell operation verification mechanism is an effective preventive measure that can significantly reduce the risk of users falling into honeypot scams.

In addition, Banana Gun also provides a range of flexible services to help traders achieve profitable and secure orders. Some core services include automatic sniping, manual trading, and limit orders.
Automatic Sniper (Automatic Trading)

• Convenience: The automatic sniper function allows traders to participate in trading new cryptocurrencies without complex programming skills. Users only need to set up a simple interface, and the Banana Gun robot can automatically complete the entire process from token recognition to transaction execution.
• Security: This feature also includes automatic processing of tax calculations and strategies targeting the first secure block, aimed at ensuring the security and compliance of transactions.
  Manual trading
• Flexibility: The manual trading function provides experienced traders with more control and flexibility. Users can adjust parameters such as slippage level, Degen mode, wallet quantity, tax limit, and liquidity limit according to their preferences and market conditions.
• Precise operation: Through manual trading, users can more accurately control trading timing and conditions to respond to rapidly changing market environments.
  Limit order
• Risk Management: Limit orders are an important tool for managing cryptocurrency investment risks. Banana Gun supports the setting of buy and sell limit orders, allowing users to trade based on their expected prices, effectively avoiding the adverse effects of market fluctuations.
• Diverse order types: In addition to basic limit orders, Banana Gun also supports advanced order types such as profit orders, stop-loss orders, and trailing stop-loss orders. These order types can help users better manage risks and achieve profit goals.
  Banana Gun Token Economics
  Banana Gun will publish the token $BANANA on an exclusive DApp, dividing allowlist users through early NFT activities. The main functions of BANANA include governance, issuing rewards to token holders through income sharing plans, and using community participation functions such as holder chat

1. Incentive Mechanism: Banana Gun may incentivize users through some form of reward program, such as transaction fee refunds, transaction rewards, or special benefits for highly active users. These rewards may be issued in tokens (not necessarily BANANA, but may be Banana Gun's own tokens or tokens of cooperative projects) or other forms.
2. Community Engagement: To enhance user stickiness and facilitate communication, Banana Gun may provide community features such as chat rooms, forums, or social media groups, allowing users to share trading strategies, discuss market dynamics, and even propose improvements to the platform.
3. Advanced feature access: Similar to the Banana Burn feature of BANANA tokens, Banana Gun may also provide certain advanced features or services that require users to complete specific tasks (such as trading a certain amount, holding a specific amount of platform tokens, etc.) before unlocking. These advanced features may include more complex trading strategies, more refined order management options, or opportunities to interact with well-known traders.
4. Benefit sharing for holders: Income from robot trading (40% after referral) and 50% tax revenue will be distributed to token holders.

As a deflationary token, the total amount of BANANA is only 10,000,000. Due to the completion of 11% burning and destruction of tokens, the total supply of BANANA is about 8,900,000. The current circulation is about 2,420,000 ( accounting for about 27% of the total token supply ), and the circulation at the time of listing is about 3,220,000 ( accounting for 36% of the total token supply ). The limited supply should ensure the scarcity of assets and provide some degree of support for the token price. Its allocation mechanism is as follows:
Burned and destroyed, 11% of the maximum supply (1,100,000 BANANA).
Binance HODLer Airdrop, 9% of total supply (900,000 BANANA)
Holder, 24% of the maximum supply (2,400,000 BANANA)
Lock in liquidity, 1% of maximum supply (100,000 BANANA)
Treasury and ecology, 46% of the maximum supply (46,00,000 BANANA)
Team, 10% of maximum supply (1,000,000 BANANA)

IV. How to buy BANANA
According to Dune data, the Bot sector currently has more than 100,000 users, with a total transaction volume of $570 million and a total transaction volume of more than 1.01 million. Banana Gun regards the new project sniper as a highlight. Before the early issuance of the coin, its user volume had already surpassed Unibot, ranking second, and it was almost the same as the first place MaestroBot. After its announcement of the issuance of the coin, the momentum became more intense, and there was a faint tendency to seize the first place.
Currently, Banana has a market share of 40-60% compared to all TG robots on Ethereum, accounting for 7% of the total front-end trading volume on Ethereum. In the future, BANANA will focus more on Solana. Currently, Banana only accounts for about 2.5% of the market share among TG robots on Solana, which means there is still a large market waiting for Banana Gun to explore.
Currently, BANANA has been launched on The First digital trading platform. Users who often use Banana Gun trading robots to snipe new tokens can register for The First to purchase BANANA. Banana Gun will also take out 40% of the transaction fee income and return it to $BANANA holders. This also means that holding BANANA can not only gain appreciation income, but also track the latest α coefficient value tokens and get a share of the transaction income.