Binance, a leading cryptocurrency exchange, has announced Banana Gun (BANANA) as its first Binance Hodler airdrop.
This move marks a significant milestone for both Binance and Banana Gun, introducing new opportunities for BNB holders and expanding the range of tools available for cryptocurrency trading.
What is Binance Hodler Airdrop?
Binance Hodler Airdrops is a program that rewards BNB holders with token airdrops based on historical snapshots of their BNB balances.
This program is designed to incentivize long-term holding of BNB by offering additional token rewards. By subscribing BNB to Simple Earn products, users become eligible for Hodler Airdrops, as well as Launchpool and Megadrop rewards.
This initiative simplifies the process of earning tokens by automatically qualifying users who participate in Simple Earn products.
For those who do not yet have a Binance account, you can create one via this link.
Announcement Details
The official announcement can be found on the Binance website here. According to Binance, eligible users who subscribed their BNB to Simple Earn products from June 23, 2024, to July 5, 2024, will receive the airdrop distribution. The new BANANA token will be distributed to users’ Spot Wallets one hour before trading starts.
Binance will list BANANA on July 20, 2024, at 09:00 UTC, with trading pairs including BANANA/BTC, BANANA/USDT, BANANA/BNB, BANANA/FDUSD, and BANANA/TRY. The introduction of BANANA to the Binance platform is expected to enhance trading activities and provide users with innovative trading tools.
Understanding Banana Gun
Banana Gun is a trading bot available on Telegram and as a web app, designed to facilitate safe and efficient trading of tokens.
The platform aims to be the go-to tool for trading on the Ethereum network and plans to expand to other chains.
Here are the key features of Banana Gun:
Auto Sniping
Banana Gun simplifies the process of sniping token launches. By providing a contract address and investment details, the automated system handles tax calculations, max transaction limits, method ID, and first safe block detection. This feature ensures that users can participate in token launches without requiring extensive knowledge of Solidity.
Limit Orders
The platform allows users to automate their trading strategies with features like multiple take profit levels, stop loss, and trailing stop loss levels. This automation helps users manage their investments with precision and efficiency.
Copytrade
Banana Gun offers a copy trading feature, enabling users to mirror the trades of profitable traders. This feature provides the same safety measures as when trading independently on the platform, making it accessible for both novice and experienced traders.
Fast and Secure Swaps
All swaps on Banana Gun are MEV-resistant, protecting against sandwich attacks and frontruns. The platform’s fast execution ensures better buy-in prices for users.
Anti-Rug and Reorg Protection
Banana Gun’s anti-rug system boasts an 85% success rate, offering significant security for traders. Additionally, reorg protection is implemented to safeguard against block forks.
Scam and Honeypot Protection
The platform uses built-in simulations to protect against scam tokens. If the Banana Simulator cannot simulate a successful sell, the transaction will not proceed, ensuring user safety.
Tokenomics of Banana Gun
The Banana Gun ecosystem is powered by the BANANA token. The tokenomics are designed to support the platform’s long-term sustainability while minimizing risks for investors.
The total supply of BANANA tokens is 10,000,000, distributed as follows.
| # tokens | Tokens | % | Conditions |
|---|---|---|---|
| Holders | 2220000 | 22.2 | None |
| Liquidity | 170000 | 1.7 | Locked for 2 years |
| Airdrop | 120000 | 1.2 | Airdrop for eligible bot users<br>5% locked 8 years, linear vest for 3 years (rev share enabled)<br>5% locked 2 years, linear vest for 3 years (rev share disabled) |
| Team | 10 | None | |
| Burn | 1 | None | Burnt to the dead address<br>(out of circulation) |
| Treasury (locked) | 6380000 | 63.8 | Used for emissions of Banana Bonus, 2 year linear vested (250k tokens/month, relocked what is not necessary for emissions/operations) |
| Total supply | 100 | None |
The circulating supply at launch is expected to be approximately 2.5 million tokens. BANANA tokens have no buy/sell or transfer taxes, making them an efficient asset for trading.
Future Plans and Roadmap
Banana Gun is continuously innovating to enhance the trading experience. Instead of a traditional roadmap with deadlines, the platform adopts a “now/next/later” approach to outline its future developments.
Now:
- Web Dapp Beta
- Multichain support
- Trade Overview
- Solana Reborn
Next:
- DEXTools Integration
- Copytrade enhancements
- TWAP (Time-Weighted Average Price)
- Public Web Dapp
Later:
- Multi-Platform Support
- Wallet Tracker
- Trade History
- Banana Academy
How to Benefit from Hodler Airdrops
To benefit from Hodler Airdrops, users should subscribe their BNB to Simple Earn products.
Snapshots of user balances and total pool balances are taken hourly to calculate average balances. Historical snapshots are used to determine rewards, which are distributed within 24 hours of the airdrop announcement.
The introduction of Banana Gun as the first Binance Hodler airdrop signifies Binance’s commitment to providing innovative and rewarding opportunities for its users.
With its advanced trading tools and features, Banana Gun is set to become a valuable asset for traders on the Ethereum network and beyond
For more information and to participate in the airdrop, users are encouraged to create a Binance account and subscribe their BNB to Simple Earn products.
