Banana Gun: Back on Target with a Bang on Uniswap v2

Jack Evans
Sep 14, 2023 at 11:48 pm

On the fateful day of September 14, the resilient team behind Banana Gun embarked on a journey of redemption, relaunching their token on the illustrious Uniswap v2, a prominent decentralized exchange in the cryptocurrency landscape.

The rebirth of Banana Gun, affectionately known as BANANA, comes hand in hand with an airdrop initiative aimed at compensating loyal holders. A previous glitch had plunged prices into a heart-stopping 99% freefall, causing consternation among the community.

As the curtains lifted on the Uniswap relaunch, BANANA's price soared to a promising $6.2, solidifying its position with a market capitalization of $14.8 million. A staggering $2.1 million in liquidity was securely locked on Uniswap v2 for a substantial two-year period, reinforcing trust within the community.

Out of the freshly minted 2.39 million circulating supply, a generous 2.22 million tokens were earmarked for the steadfast holders who weathered the storm. Demonstrating their commitment, the Banana Gun team prudently retained 1.1% of the supply, ready to settle any lingering airdrop obligations.

But there's a twist in this tale of redemption. The team has pledged to take bold action if these tokens remain unused for correctional airdrops - a dramatic supply burn that would effectively reduce the Fully Diluted Valuation (FDV).

As the Banana Gun team stands resiliently on the precipice of redemption, the September 14th relaunch marks a triumphant return from the ashes of past challenges. This tale reminds us that in the volatile world of cryptocurrencies, even when things go bananas, redemption and innovation can be just around the corner.

Banana Gun Team on X

The relaunch on September 14th, at 20:00 pm UTC, signifies a significant milestone in the Banana Gun saga. It's a culmination of tireless efforts by the team to rectify smart contract issues that had haunted them in the previous version. Despite facing two meticulous audits, the team found itself compelled to liquidate its treasury wallet and drain BANANA's liquidity pool, causing a dramatic price plummet.

The unraveling of a bug in the smart contract, allowing BANANA holders to sell without incurring taxes, raised eyebrows and suspicions within the community. However, as the team forges ahead on this path of redemption, they aim to restore trust and integrity in the Banana Gun project.

A Note About Banana Gun

Banana Gun, initially a Telegram bot, has always been a pioneer in simplifying the purchase of Ethereum tokens via the popular messaging app. While they faced turbulence in their journey, the spirit of innovation and resilience continues to define their narrative.

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