📈Banana Gun project coin issuance exceeds 12 US dollars?

❓What is the Telegram Bot track to which it belongs?

⚠️Why is it said that it lowers the encryption threshold but its security is questionable?

This issue will show you how the Telegram Bot market, which has 800 million users, is developing.

Since July, a robot that relies on the Telegram ecosystem to provide various DeFi trading tools has entered the field of vision of crypto investors.

These robots are collectively called Telegram Bots. They can execute buy low and sell high transactions, and their transaction speed is even faster than many leading DEXs. They can also follow the strategies of professional traders and are regarded as a powerful tool for copying on the chain.

As the track develops, airdrop bots, cross-chain bots, data analysis and tracking bots, and artificial intelligence bots have gradually emerged and formed categories. Among them, the representative project of Telegram Bots is Unibot, which has a market value of nearly $100 million and once occupied more than 80% of the market share. Its project token soared from $2.46 to a maximum of $228 in just two months. In the context of the bear market, it has opened up a new track and narrative by its own efforts. And given the current dependence of the crypto community on Telegram, this track will also play a role for quite a long time.

It is precisely because of the low threshold and strong traffic brought by Telegram that such bots have some potential risks and are difficult to eliminate. First of all, the bot is directly linked to the wallet and bound to the Telegram account. If the private key is leaked or the account is stolen, the assets on the chain may be stolen. Telegram has always been a frequent platform for phishing scams. At the same time, some projects are not open source, and it is impossible to obtain the interaction and operation of the robot and the smart contract, so its security is questionable.

Currently, the new star sniper bot Banana Gun in this track is pre-selling coins. Although BANANA returned to zero within 1 and a half hours after it was launched, its highest price briefly exceeded 8.5 US dollars. The market performance after the official issuance of new coins by the project also keeps us paying attention.