The information about Banana Gun (BANANA) is derived from various posts on X and web sources. Banana Gun is a Telegram-based trading bot launched on the Ethereum blockchain in June 2023, designed to facilitate rapid and precise cryptocurrency trading. The BANANA token serves as the ecosystem token for this platform, which initially focused on enabling users to snipe new token launches and trade existing tokens on Ethereum. The project has since expanded to support additional blockchains such as Solana, Base, BNB Chain, and Sonic, with plans for further multichain integration. The bot offers features like automated sniping, where users can set parameters such as token contract addresses and investment amounts to execute trades at launch, as well as manual trading options for live tokens. 

Banana Gun emphasizes security and user protection, incorporating features like MEV-resistant swaps to prevent sandwich attacks or frontrunning, reorg protection against block reorganizations, and built-in simulations to detect and avoid scam tokens (e.g., honeypots). If a successful sell cannot be simulated, the transaction is halted, adding a layer of safety for users. The platform also provides tools such as real-time profit tracking, portfolio management, and copy-trading functionalities, allowing users to mimic the trades of successful traders while maintaining these safety features.

The BANANA token was launched on September 14, 2023, on Uniswap v2 after an initial attempt faced issues with a smart contract bug affecting tax transfers, prompting a relaunch. The tokenomics include a total supply of 10 million BANANA tokens, with 63.8% reserved in a locked treasury for operations and future emissions, and approximately 2.5 million tokens in active circulation at launch. A revenue-sharing model distributes a portion of the bot’s fees—typically 0.5% for Ethereum trades and 1% for sniping or trades on other chains—to BANANA token holders, requiring a minimum holding of 50 tokens to claim rewards. These rewards can be collected in ETH, BANANA, or SOL, with no staking required, enhancing user incentives.

The project began as a tool developed by a team of experienced traders for a small group, later opening to the public due to its success and demand. Banana Gun aims to evolve beyond a sniping tool into a comprehensive trading platform, with plans for a web app and additional features based on community feedback. Its unique competitiveness lies in its speed, user-friendly interface, and robust security measures, appealing particularly to "degen" traders seeking early entry into volatile token launches. The platform also introduced soulbound NFTs as part of a community engagement strategy, rewarding active users and filtering genuine supporters for whitelist opportunities. Binance recognized Banana Gun as the first project on its Airdrop Portal, distributing tokens to BNB holders who participated in its Simple Earn program between June 23, 2024, and July 5, 2024, further boosting its visibility.