Uniswap

Banana

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 <p class="is-style-lead">On Sep.14, the team behind Banana Gun, a Telegram bot, <a rel="dofollow" title="relaunch" href="https://thebittimes.com/tag/relaunch.html">relaunch</a>ed its token on Uniswap, a decentralized exchange (DEX).</p> 
 <p>On X, the team also said the BANANA relaunch will be accompanied by an airdrop to compensate holders after a glitch forced prices to dump 99%.</p> 
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">RELAUNCH OF $BANANA<br><br>Tonight we will <a rel="dofollow" title="relaunch" href="https://thebittimes.com/tag/relaunch.html">relaunch</a> $BANANA on Uniswap v2 and finalize the $BANANA airdrop for holders.<br><br>Re<a rel="dofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> time:<br>20:00 UTC<br><br>Launch price: $6.20<br>Launch market cap: $14.8m <br>Launch FDV: $62m<br>Liquidity: $2.1m (170k tokens + ~650 eth depending on eth price)<br><br>Because…</p>— Banana Gun (@BananaGunBot) September 14, 2023
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 <p>The <a rel="dofollow" title="relaunch" href="https://thebittimes.com/tag/relaunch.html">relaunch</a>ed on Uniswap will see prices open at $6.2 with a market cap of $14.8 million and $2.1 million in liquidity locked on Uniswap v2 for two years.</p> 
 <p>2.22 million out of the new 2.39 million circulating supply is earmarked for holders. The team will hold 1.1% of the supply in reserve to settle any outstanding airdrops.&nbsp;</p> 
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  <p>Of course, we won’t keep these tokens so if these tokens don’t need to be sent out for correctional airdrops we will burn this supply (effectively reducing our FDV).</p> <cite>Banana Gun Team on X</cite>
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 <p>The <a rel="dofollow" title="relaunch" href="https://thebittimes.com/tag/relaunch.html">relaunch</a> on Sep. 14 at 20:00 pm UTC is a culmination of redemption efforts by Banana Gun’s team following smart contract issues in the earlier version.</p> 
 <p>Despite two audits, the team was forced to liquidate its treasury wallet and drain BANANA’s liquidity pool, causing the price to crash.</p> 
 <p>A bug in the smart contract allowed BANANA holders to sell without paying taxes. A user on X discovered the bug, which raised doubts about the team’s diligence with some claiming the team planned to scam users.</p> 
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 <p>Banana Gun, a Telegram bot, simplifies the purchase of Ethereum tokens via the messaging app.</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/banana-gun-relaunches-on-uniswap-v2-tbt62800.html">https://thebittimes.com/banana-gun-relaunches-on-uniswap-v2-tbt62800.html</a></p>

Banana Gun relaunches on Uniswap v2

TheBitTimes

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