About Banana Gun

1: What is Banana Gun

  • 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.