{
  "url": "https://blockindex.ai/coin/ban",
  "name": "Banano",
  "links": {
    "github": "https://github.com/BananoCoin",
    "website": "https://banano.cc/",
    "whitepaper": null
  },
  "dScore": 39,
  "market": {
    "priceUsd": 0.06465581346455897,
    "marketCapUsd": 64653347.427177615,
    "volume24hUsd": 9649508.26685204,
    "priceChange7dPct": -15.73591886,
    "priceChange24hPct": -7.65320062
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": 999961859,
    "circulating": 999961859,
    "circulatingPct": 100
  },
  "ticker": "BAN",
  "founder": "Banoshi Nakanano",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:27.401295+00:00",
  "fairLaunch": true,
  "launchYear": 2018,
  "description": "Banano (BAN) is a native cryptocurrency forked from Nano and launched on April 1, 2018. It positions itself as a fast, feeless, community-oriented payment network with a meme-driven culture and a strong emphasis on accessible onboarding. Rather than launching through an ICO or venture-backed token sale, Banano is documented as using free and community distribution through faucets, games, airdrops, tipping, Folding@Home rewards, social tools, and community events. Banoshi Nakanano is listed by the Banano Wiki as the primary founder, while the broader project history also highlights a decentralized group of contributors and community figures.\n\nTechnically, Banano inherits Nano-derived DAG and block-lattice architecture, enabling each account to maintain its own chain and allowing transactions to settle without conventional miner-confirmed blocks. Consensus is based on Open Representative Voting, with proof-of-work used only as an anti-spam mechanism rather than as mining. This gives Banano instant, feeless payments while avoiding staking rewards, block rewards, or miner-driven issuance. The ecosystem includes wallets and tools such as Kalium, MonKey, CAMO Banano wallet, Pippin, BoomPow, tipbots, JungleTV, YellowSpyglass, Banano Miner, CryptoMonkeys, and wrapped Banano integrations.\n\nBanano's use cases center on payments, tipping, social distribution, gamified education, and community participation. Folding@Home distribution has been a major activity, and Banano has also been used in community livestreaming, NFT-related activity through CryptoMonkeys, faucets, and social media tipbots. Wrapped Banano has extended access to BSC and Polygon trading venues, but native BAN remains a standalone Nano-derived blockchain asset rather than an ERC-20 or other token-only implementation.\n\nThe economic model is unusual because BAN was pre-issued/non-mined, with supply managed through ongoing free distribution and documented token burns. The summary reports an initial supply of 3,102,823,669.20 BAN, a current supply limit near 1,919,420,069 BAN, and a listed circulating supply of 1,314,320,245 BAN in one source, with another market-context snapshot showing 1,622,680,301 BAN. More than 81% of total BAN is described as distributed to the community, and major burns include 300M BAN in April 2019, 191M BAN in April 2020, and 973M BAN in April 2021.\n\nGovernance is documented as community-driven and off-chain rather than DAO-based. No CEO, formal corporate entity, headquarters, venture funding, or legally defined foundation structure is documented in the provided summary. Development and community activity continue through GitHub, Discord, Reddit, Telegram, official website resources, monthly updates, wallets, exchange integrations, and social distribution programs, with no formal institutional roadmap identified.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": false,
    "consensus": "Other",
    "parentChain": null
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 13,
    "governance": 21,
    "nodeDistribution": 0,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Centralized Leaning"
}