BANANA is the native token of the Banana Gun project, a trading bot accessed via the Telegram messaging app. Users of the bot can purchase tokens and snipe upcoming launches across the Ethereum, Solana, Base and Blast chains. The project is expected to extend its functionality to other chains in the future.
Users of Banana Gun can earn BANANA simply by using the platform, but also by holding tokens and earning bonuses. The BANANA token has a circulating supply of 3,220,000 — 32.2% of the total BANANA available. BANANA is deflationary. According to the project's documents, the Banana Gun team is considering adding a burn mechanism to decrease the token supply.