BEEP BEEP - BULLDOZER INCOMING
It's one of those days where we feel like pushing 3% of total supply in the lava.
Didn't need it, why keep it.
https://t.co/Kpgvi6QO5F
BASED VOLUME
Banana Base volume rocketed yesterday above $10M, almost contesting the bizarre Solana volumes and already up and above our Ethereum volume.
Our EVM bot is being worked on to provide you the best experience on Base too, so expect some updates soon!
BANANA WEB APP UPDATES #2 | customizability & closed beta date
Most people know it by now, but Banana Gun is not just used by snipers. Most of our volume is generated by regular traders who are looking for best execution of their swaps and limit orders.
That is why customizability was one of the most important focus points in designing our webapp.
Users will be able to:
🍌 resize widgets
🍌 rearrange widgets
🍌 hide widgets
🍌 show widgets
As they please.
This will enable the best trading experience for your preferred way of trading.
Are you a scalp swing trader?
Scalp trading is all about fast execution, which you can definitely do with our webapp as our data is provided by $EMP.
For your personal set-up you might want a very big chart, large size transaction log and buy and sell widget separate to enable speed.
Are you a sniper?
You replace the buy widget with a snipe widget and make limit sell orders easily accessible.
Technology implementation planning is always hard, but we are very happy to announce we are working towards Tuesday 20th of February as the start of our closed beta.
Selected users will be able to use the beta version and provide us feedback, to make everything ready for the public launch.
NEW USERS IN NEED OF POTASSIUM
All of our metrics are on fire, but one of the most important metrics we monitor is inflow of new users.
In February until now we welcomed a total of 8,022 new users, averaging 617 per day.
Welcome, Banana's! 🍌🔫
Banana Gun:
🍌 hit ATH bot fees yesterday ($100k+ daily)
🍌 removed token taxes (0/0 now)
🍌 expanded to Solana (1.5k daily users)
🍌 offering native SOL rev share rewards
🍌 made people millionaire on $SAVM
🔥burned $4m+ worth of $BANANA
🍌 laid foundation to accelerate expansion to EVM chains
This all happened in January 2024, at a market cap of $27M.
Our position in the fees leaderboard brings us 1 spot below Blur, which has a $780m market cap.
SOON:
👉 partnership with ..
👉 integration with Dextools
👉 webapp beta
👉 ...
Good start of 2024, but you ain't seen nothing yet!
BANANA SHORTAGE
Our bot is ripping in volume with a new ATH yesterday. Time to show some love to the $BANANA token!
We began with 2.5 million tokens. We airdropped about 96,000 tokens, but we also removed 96,000 tokens by buying them back in the v1 compensation plan. So, our circulating supply is still 2.5 million tokens.
In the mean time, Banana Treasury has been buying back 21k $BANANA back for an investment of 100E.
We just burned all of this $BANANA (current worth: $208k) 🔥:
https://t.co/QqDeuHdizN
This means that our total circulating supply is at 2.47m now, indicating that 1% of circulating supply has been burnt already.
You can check this on our Supply Tracker:
https://t.co/gQ7yH1D3Rj
Our goal is to decrease $BANANA circulating supply and make $BANANA deflationary.
This brings value to holders in three ways:
🍌 Buy pressure on market
🍌 Lower circulating market cap
🍌 Rev share split over less tokens (higher APY)
To realize this, effective immediately, we will implement the following measures:
🔥 All incoming ETH from the treasury tax will be used for buyback and burn until EOY
🔥 We will introduce more Banana Credits features that burn $BANANA (first coming tomorrow)
The former means that - depending on token volume -, we would buy back and burn a great amount of $BANANA. 1% of trading volume, to be exact.
With a 24h trading volume of $500k, this equals $5k of buy and burn pressure daily.
All of unlocking treasury tokens not needed will be relocked as mentioned before, latest tx:
https://t.co/d2hLL4MD9r
🍌🔥BURN THE BANANA 🔥🍌
As promised, we would burn the left-overs from the airdrop.
Almost 26k $BANANA with a market value of $219k did not get claimed, which we have burnt forever! 🍌🔥
https://t.co/xrOjleylsq
This burn brings our circulating supply post-airdrop back under 2.5m, below our starting supply. Back where it should be.
Check our actual supply on:
https://t.co/gQ7yH1D3Rj
@Platypusdefi So you completely forgot about the people who lost, 50% in the last hack and now reimbursing the new LPs who has suffered only 4% loss.
Like wtf? Do you think that’s professional and also fair ?
When do you plan to reimburse some of the old LPs loss or that’s already forgotten?