The memecoin space is notoriously untrustworthy. Scams launch every minute, and hundreds of people fall victim to scammer “devs”, in hopes of finding the next gem. We know. We fell for it too.
Most memecoins are nothing more than a meme. They offer nothing besides hype. So what happens is after some initial pumps, which are sometimes artificially created by wash-traders, the coin dies. Even if the devs have good intentions, in the crypto-space if you don’t move forward, you are as good as dead. Coins need a driving force to fuel growth and volume and most memecoins simply don’t provide it.
Yes, memecoins love to advertise they have a strong community. However, in most cases there is no true community. There are simply people on a telegram chat, that will jump ship at the first sign of trouble. A community needs more to develop. It needs a common fighting cause, common goals besides a pump and dump.
enter banana for scale
Banana is here for you!
the solutions
$BNANA has no dev. Original dev locked the LP and revoked mint function. This means $BNANA cannot be rugged by any single entity. It is and will forever remain tradable as long as people want to trade it. Even if the current community members managing the project decide to leave, anyone can pick it up at any time. Moreover, by implementing a community wallet, we operate at full transparency.
We understand the importance of sustained growth. We will not be engaging in underhanded tactics like fake volume from wash trades or bot trading channels. To go one step further, we are implementing ways to continuously fund the community wallet and buy $BNANA. These ways include:
- – Sales of ad spots on our crypto news blog and upcoming platform
- – Merchandise shop
We are aiming to build a strong community with the implementation of our NFT gated voting platform. This is how it will work:
– Voting listings will be done by vetted community members / NFT holders.
– Voting rights only to NFT holders (A set of special low-cost NFTs will be issued). This way we prevent vote manipulations by bots.
By implementing this 2 tier strategy of both a voting system and a gating system, we aim to cleanse the solana space of low effort scams and empower our community.