Bench implements security by destroying liquidity provider (LP) permissions and contract ownership after launch, which significantly reduces the risk of developers draining funds.

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Bench

Q: What is the Purpose of Bench?

The primary goal of Bench is to provide a fair, transparent launchpad for tokens that discourages immediate bot manipulation and rug-pulls through its 7-day linear release mechanism.

Q: How Can I Participate in Bench's Ecosystem?

Users can participate by holding BENCH tokens, acquiring Benchmark Passes for airdrop eligibility, or launching their own projects using the ERC-7660 protocol.

Q: What Sets Bench Apart from Competitors?

Unlike traditional launchpads, Bench enforces a 'consensus period' where tokens are vested for a week upon purchase, creating a more stable and less exploitable entry for retail investors.

Q: What are the Risks Associated with Bench?

As an experimental protocol and meme-coin incubator, risks include high price volatility, the potential for individual projects on the platform to fail, and the inherent risks of smart contract vulnerabilities in new standards.

Bench is an opportunity marketplace powered by Arcium that aims to help businesses find the information they need by making it easy for users to weight the things they are interested in.

What is Bench?

Bench is a decentralized experimental platform and token project powered by the ERC-7660 protocol. It serves as an 'Ethereum version of Pump,' designed specifically to facilitate the fair launch of meme coins and other community-driven tokens with a built-in consensus mechanism.

How Does Bench Work?

Bench operates on the ERC-7660 standard, which introduces a 7-day consensus period for all token purchases. When a user buys BENCH or other tokens launched via the protocol, the assets are linearly released to the user's wallet over 7 days, preventing instant 'pump and dump' schemes and ensuring a period of community alignment.

What Makes Bench Unique?

The project is unique for its use of Bonding Curves in a 'PreDEX' environment and its mandatory 7-day vesting period for every trade. It also utilizes 'Benchmark Passes' (Platinum and Gold), which allow holders to convert passes into BENCH tokens and gain priority access to airdrops from new projects launching on the platform.

Who Are the Founders of Bench?

While specific individual names for the Bench core team are not publicly disclosed to maintain a decentralized ethos, the project is developed by the creators of the ERC-7660 protocol, focusing on solving liquidity and fairness issues in the Ethereum meme coin ecosystem.

Latest News

What Key Events Have There Been for Bench?

Significant milestones include the successful deployment of the ERC-7660 protocol on Ethereum and the launch of the Benchmark Pass system, which incentivized early community participation through tiered membership benefits.

Project Announcements

Recent updates focus on the expansion of the 'PreDEX' features, allowing more seamless integration for developers to launch tokens using the 7-day consensus model and the destruction of LP permissions to ensure security.

Upcoming Events

Latest Airdrop

Projects launching through the Benchmark Fair Launch are required to reserve at least 5% of their total supply for airdrops to BENCH token holders and Benchmark Pass owners.

ICO Time

The initial distribution was handled via a fair launch and liquidity pool seeding in mid-2024; no further public ICO is currently scheduled.

IDO Time

Information regarding a secondary IDO is currently unavailable as the token is already circulating.

TGE Time

The Token Generation Event (TGE) took place in June 2024 following the deployment of the ERC-7660 smart contracts.

Projects Announcements

Where to Buy Bench?

BENCH can be traded on decentralized exchanges (DEXs) like Uniswap, primarily in the BENCH/ETH trading pair. It is also available on early-stage 'PreDEX' platforms supporting the ERC-7660 protocol.

Bench Price

Daily Trading Volume

Trading volume fluctuates based on new project launches within the ecosystem, typically ranging between $50,000 and $200,000 during active periods.

All-Time High

The token reached a peak shortly after its launch in mid-2024; current prices generally reflect the speculative nature of the meme-launchpad sector.

All-Time Low

The low was established during the initial liquidity seeding phase prior to the full activation of the Benchmark Pass conversion utility.

Market Cap and Valuation

Market Cap

With a total supply of 21 million tokens, the market cap remains in the 'micro-cap' category, making it highly volatile.

Fully Diluted Valuation

The FDV is capped by the 21 million total supply, with 60% allocated to the liquidity pool and 20% to pass redemptions.

Bench Price Prediction

There are currently no available forecasts from reliable institutional experts or publications. The price is heavily dependent on the volume of successful meme coins launching on the ERC-7660 protocol and the continued adoption of the 7-day consensus model.

How to buy Bench?

To purchase Bench, follow these simple steps using the Bitget Wallet:
Download the Bitget Wallet: If you haven't already, download the Bitget Wallet app from the official website or your app store.
Create an Account: Open the app and create a new account by following the on-screen instructions. Ensure you secure your account with a strong password.
Fund Your Wallet: Deposit funds into your Bitget Wallet by transferring cryptocurrencies or purchasing crypto using fiat currency through supported payment methods.
Navigate to the Market: In the Bitget Wallet, go to the market section and search for Bench to view available trading pairs.
Place Your Order: Select the desired trading pair (e.g., BENCH/USDT or BENCH/ETH), enter the amount you wish to buy, and confirm your order. Once the transaction is completed, Bench will be added to your wallet.

FAQ

What is the Purpose of Bench?

How Can I Participate in Bench's Ecosystem?

What Sets Bench Apart from Competitors?

Is Bench Secure?

What are the Risks Associated with Bench?

Community Sentiment

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.