Unlike other TG trading bots, your BananaBot account is not an Externally Owned Account (EOA). There are no private keys. Instead, we use account abstraction or in other terms, smart contract wallets.
The advantage is that, no one has to ever store your private keys, and thus, reduces the potential surface area of attack. This prevents unauthorized access to your tokens while retaining the ease-of-use without the hassle of using wallets to sign transactions, allowing a user experience that rivals centralized exchange without the custodial risks of centralized exchanges.
On top of that, your tokens are secured by a unique NFT that is minted to your actual EOA address. In other words, no one, including us would be able to withdraw your tokens to any address but yours.
In November 2022, things got real crazy for us in the crypto world. It was a wild ride that left most of us on the team broke AF. We had put a big chunk of our life savings into FTX and Celsius, and it all went down the drain.
Funny thing is, even though we were all about DeFi, we kept using those centralized exchanges 'cause they were so damn easy to use and had deep levels of liquidity. But after that FTX disaster, we were like, "Screw this! Can't trust anyone with our tokens!"
Since then, we've been on a mission to find a better way, you know? We want the ease-of-use of those centralized exchanges, but without the risk of some third-party holding our stuff. It's been a rollercoaster of emotions, but we're determined to make it work.
So, we've been busting our butts to create a project that brings the best of both worlds - a user-friendly, non-custodial solution on the blockchain. We're talking about power to us! You should see the excitement in our faces when we talk about it - it's infectious!
We can't wait to show you what we've come up with. It's not just another money-making scheme. Nah, man, it's about giving everyone control over their own crypto destiny. No more trusting sketchy exchanges. It's time for a revolution! And of course, ngl, we sincerely hope this project takes off 🚀, cause we are obviously incentivized through fees to make this big.
So, join us on this crazy ride, and let's change the game together. We hope you'll dig our project as much as we do! 🌕 💎