BANANA token’s price skyrocketed by 10.37% on Monday

Banana.finance skyrocketed by 10.37% in the last 24 hours. BANANA is a decentralized cryptocurrency. Currently, the company has only 500 tokens in circulation. The system rewards early adopters due to the low amount of tokens. A burn rate is 2%, and the platform burns an unspecified amount of tokens each day. Then it remints the tokens on the following day as airdrops for the top 200 holders. According to Banana.finance, the distribution of those airdrops is proportional to the number of tokens one holds.

Bananacoin works on an ERC20 token ecosystem. The decentralized system is virtually free of downtimes and ensures that there are no excessive fees for trading.

The company already has the distribution plan for its 500 tokens. Two hundred fifty tokens were available on presale. According to Banana.finance, 30 other tokens would be siphoned for dextools sponsorship, and 30 would be assigned for the development team. Meanwhile, the firm left 170 tokens in reserve to ensure liquidity.

How can investors use Bananacoin tokens?

Customers can use Bananacoin tokens for exchanges, selling, and crowdsales. In addition to this, they can also use the tokens in exchange for web development services. Such services are especially helpful for business owners looking to create a website for their startups or passion projects. Besides, the developers of bananacoin have packages that cover web development as well as mobile.

This company strives for excellence with a community-governed playbook. It believes in giving back to the community with what they have, and it is proud that Bananacoin does just that.

There are lots of startups on the defi market, but not everyone can gain a name in a short time as Banana.finance managed to do. Besides, this token has great potential, and it is already in the spotlight. Analysts believe that with time, BANANA will grow more popular and will bring its holders more gain.