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BANANA: Building a long-term sustainable token ecosystem

2024-08-02 19:53:47


    In today's fast-growing blockchain world, the design of token economics is crucial. The BANANA team carefully designed their token economics to ensure long-term support for the protocol and minimize investor risk. This article will interpret the design of the BANANA token and its ecosystem from a third-party perspective.


Token Economics Analysis

The total supply of BANANA tokens is 10,000,000, which are allocated as follows:

| Token Class | Quantity | Percentage | Status

| Holders | 2,220,000 | 22.2% | None |

| Liquidity | 170,000 | 1.7% | Locked for 2 years |

| Airdrops | 120,000 | 1.2% | Airdrops for eligible bot users |

| Team | 1,000,000 | 10% | 5% - Locked for 8 years, linearly vested for 3 years (revenue sharing enabled); 5% - Locked for 2 years, linearly vested for 3 years (revenue sharing disabled) |

| Burns | 100,000 | 1% | Burned to dead address (no longer in circulation) |

| Treasury (locked) | 6,380,000 | 63.8% | For the issuance of Banana Bonus, 2-year linear vesting (250,000 tokens/month, re-locking the portion not needed for issuance/operation) |

The total supply is 10,000,000 tokens, which will result in a circulating supply of about 2,500,000 tokens (including liquidity). There are no buy/sell taxes and no transfer taxes for BANANA tokens, which is a very friendly design for investors.


Banana Ecosystem

The BANANA team aims to create a perfect Banana Gun ecosystem in the long term. To achieve this goal, token economics has become a key driving force. The team has designed a system that allows robot users to become token holders and token holders to become robot users, thus creating a sustainable flywheel.

In the past few months, the BANANA team has proven that they have created a real income machine that can achieve continuous income and growth even without tokens. Therefore, the token should add value to the ecosystem, not become a short-term thing.


Holding Rewards

BANANA token holders can claim rewards on the team's dApp. Rewards come from robot income (40% after referral). Only unlocked tokens can receive rewards, with the exception of 50% of team tokens (so they can be locked for a long time).

Holders need to own 50 $BANANA to be eligible for rewards. When the revenue reaches 0.1 ETH or 0.1 SOL, rewards can be claimed without paying gas fees. Holders can claim rewards in ETH or $BANANA from the EVM chain, and for the Solana chain, there is only the $SOL option.

All $BANANA claimed through rewards will be bought back from the market, which means there is no risk of inflation.


Advantages of Token Economics

Long-term lock-up mechanism: The long-term lock-up mechanism of team tokens and liquidity tokens ensures the stability and durability of tokens.

Tax-free design: There is no buy/sell tax and transfer tax, which reduces the transaction cost of investors.

Buyback mechanism: $BANANA claimed through rewards is bought back from the market to prevent inflation and increase the scarcity of tokens.


Conclusion: The BANANA team is committed to building a long-term sustainable blockchain project through carefully designed token economics and a complete ecosystem. Both investors and robot users can find their place in this ecosystem and benefit from it. BANANA is not just a token, but a growing and evolving ecosystem.

Disclaimer:

1. The information does not constitute investment advice, and investors should make independent decisions and bear the risks themselves

2. The copyright of this article belongs to the original author, and it only represents the author's own views, not the views or positions of HiBT