How does the $BananaBag work?

$BananaBag Strategy

Money Monkey NFT’s collectively represent holdership in the $BananaBag. The $BananaBag is an investment fund made up of farming/staking opportunities on Apeswap and will be funded with 100% of the minting money. These minting funds are immediately split and placed 50/50 between Apeswap BANANA/BANANA and GNANA/BANANA staking pools. With the goal being to obtain as many $BANANAs as possible while redistributing them back to Money Monkey Holders in the form of $MAINST tokens. Using Apeswaps multitude of passive rewards opportunities accompanied by $BANANAs growth potential to create a stable investment fund with moon potential. The redistributed rewards will then be bought back into $MAINST Token as it is safer and more sustainable tokenomically, while the remaining allocations will be reinvested into the BananaBag. This in turn allows the Main Street Ecosystem to maintain a stronger hold on the value of the rewards, rather than being completely reliant upon Apeswap and $BANANA token.

Monthly Profit Redistribution

All $BANANA investments will be harvested monthly and distributed into these categories accordingly. The 75% profit redistribution will be converted to $MAINST from $BANANA. Rewards distribution will begin June 16th.
75% $MAINST Redistribution Rewards to Monkeys 75% of monthly staking profits are bought back into $MAINST Token, then redistributed to each individual Money Monkey equally.
13% $GNANA Reinvestment This reinvestment allocation into the governance token of Apeswap allows the investment fund to receive higher staking rewards within the yield farming options provided by Apeswap. Although its maneuverability suffers due to taxes applied to buy/sells/transfers
5% $BANANA Reinvestment Another reinvestment into the fund in $BANANA. These funds are more maneuverable than the previous $GNANA allocation. Allowing for diversification and maneuverability of the investment fund in the future
7% $MAINST BuyBack & Burn A $MAINST buy/back and burn allocation of the staking profits will help ensure previously rewarded $MAINST rewards continue to gain value outside of the already imposed tokenomics
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$BananaBag Strategy
Monthly Profit Redistribution