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Banana Gun (BANANA): The Telegram Bot for Effortless Trading on Multiple Chains

Intermediate
DeFi
Explainers
Altcoins
Jul 30, 2024
8 min read
0

Although blockchain technology is famed for its security features based on cryptographic hashing, immutability and decentralization, there are ways to exploit unique vulnerabilities inherent in trading on decentralized finance (DeFi) platforms. For instance, the crypto world's leading decentralized exchange (DEX), Uniswap (UNI), while providing great trading opportunities, also suffers from the presence of various malicious bots, such as MEV bots, which frequently manipulate the ordering of transactions on a blockchain to profit at the expense of other users.

Banana Gun (BANANA) is a Telegram-based multichain trading bot that aims to protect users from maximal extractable value (MEV) bots and certain types of scams and vulnerabilities, such as rug pulls and sandwich attacks. In addition to providing protection from malicious bots and scams, the Banana Gun bot facilitates flexible trading opportunities through auto-sniping, automated limit orders and manual swaps.

Key Takeaways:

  • Banana Gun is a Telegram trading bot with robust built-in security measures, such as protections against MEV bots, honeypots and rug pulls.

  • The bot offers a variety of functions to automate operations like token sniping and limit order trading.

  • Banana Gun's native ERC-20 token, BANANA, is designed to encourage active community engagement through rewards and governance. BANANA can be bought on Bybit as a USDT Perpetual contract.

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