Background Banana Gun was developed to meet the needs of cryptocurrency traders for efficient trading in fast-changing markets.
Key Features
Automated sniping functionality
Real-time price monitoring
Anti-sandwich protection
Multi-chain support (Ethereum and Solana)
Copy trading functionality
Transaction Fees Banana Gun charges transaction fees, though specific rates are not clearly stated in the documentation. Users can receive 10% cashback on transaction fees through referral links.
2: Banana Gun Functions
Auto Sniping: Automatically calculates max transaction, safe block, and confirms if tokens are sellable.
Real-time Price Monitoring: View token prices in real-time in the Sell bot.
One-click Buy/Sell: Quickly execute buy and sell operations.
Anti-sandwich Protection: Uses private transactions instead of public mempool to avoid sandwich attacks.
Anti-rug Protection: Detects malicious contracts to protect user funds.
Copy Trading: Replicates buy and sell operations of other traders.
Detailed Usage:
Auto Sniping: Paste contract address in Sniper bot, set purchase amount and other parameters.
Real-time Monitoring and Trading: Paste contract address in Sell bot, use provided buttons for operations.
Copy Trading: Select "New Copy Trade" in Copy Trade menu, paste target wallet address and set parameters.
Notes:
When using First Bundle or Fail (FoF) feature, it's recommended to have at least 10 wallets participating in the snipe.
Set reasonable slippage to accommodate market volatility.
Use Degen mode cautiously as it disables some safety features.
3: Security
Banana Gun offers multiple security measures:
Anti-rug Protection: Detects and prevents malicious contracts.
Anti-sandwich Protection: Uses private transactions to avoid sandwich attacks.
Honeypot Detection: Default detection of malicious contracts.
However, users should note:
Copy trading may involve risks, as some target wallets may turn malicious.
Private key security is crucial, and Banana Gun cannot recover private keys.
4: FAQ
Question 1: How to handle token prices not updating in the Sell bot?
If Telegram stops updating messages in the Sell bot, simply paste the contract address into the Sell bot again. This will remove the old message and load the updated information.
Question 2: How to determine if a transaction was a private transaction?
Visit Etherscan and check the transaction's timestamp. If it shows "xx seconds ago", it's a private transaction. If it shows a specific time, it's a public transaction.
Question 3: What is First Bundle or Fail (FoF) and how should it be used?
FoF is a Banana Gun feature that combines the power of users to fire on a token as one. It can only land in block 0 as the first bundle. It's recommended to turn FoF on when at least 10 wallets are sniping the token.
Question 4: How to view the transaction tip on Etherscan?
Visit the snipe transaction on Etherscan and check the "Gas Price" field. The difference between the actual paid Gas Price and the Base Fee is the tip.
Question 5: How does Banana Gun protect users from MEV (Maximum Extractable Value) attacks?
Banana Gun provides anti-MEV protection by using private transactions instead of the public mempool, reducing the risk of sandwich attacks or other MEV exploits.
5: User Precautions
Always remain vigilant, especially when using copy trading features, as target wallets may turn malicious.
Use the spending limit feature to control the amount of funds used by a single wallet to reduce risk.
Regularly check and update bot settings to adapt to market changes.
Never share private keys; Banana Gun team members will never ask for them.
Be extra cautious when using Degen mode, as it disables many safety features.
For new tokens or unknown projects, it's advisable to start with small test transactions.
Frequently backup wallet information to ensure fund security.
Pay close attention to transaction fee settings to avoid high costs during periods of high gas fees.