Golden Ben (GBEN)

Utility & Governance

Golden Ben (GBEN) is the utility and governance token of BenSwap. Users need GBEN to use some of the products on BenSwap. Holders can share the appreciation and be able to vote and make decisions for the project. Our expectation is that the token price will benefit from the decreases in emission rate and implementation of deflationary mechanisms and other utilities.

Contract address: 0x8173dDa13Fd405e5BcA84Bd7F64e58cAF4810A32.

The initial supply is 51,000 and all added to the Pancake v2 liquidity at the initial price of $1 per token.

Farming starts at block height 7870480.

The initial emission rate is 5 GBEN per block and it is reduced by 10% every week until it reaches 1 GBEN per block.

Current emission rate: 1 GBEN per block.

For every 10 GBEN tokens emitted, an additional GBEN token is sent to the developer address for development, marketing, partnership, and other necessary engagements.

Deflationary Mechanisms

  • 100% deposit fee is used to buy back GBEN and burn.

  • 3% of the total price pot in each round of the Lottery is burned.

  • 100% of the donation to the Temple is burned.

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