What is BenFen?
BenFen is a Layer1 blockchain specifically designed for stablecoin issuance, application, and payment scenarios.
Core Vision
BenFen aims to become the value public chain supporting global, high-frequency, on-chain financial use cases. By positioning stablecoins as core assets, BenFen leverages its underlying capabilities to connect assets, protocols, and users seamlessly. Its mission is to redefine the on-chain payment experience and serve as a reliable, sustainable, and highly available blockchain foundation for real-world asset interactions.
Native Core Features
BenFen natively integrates six core features at the system level, providing globally accessible and user-friendly Web3 infrastructure:
- Native Cross-Chain Bridge: Enabling Full-Chain Asset Circulation
- One-Click Asset Issuance: Instantly issue stablecoins and RWAs (Real-World Assets) with support.
- Stablecoin-as-Gas Payments: Pay transaction fees directly with a stablecoin like BUSD.
- zkLogin Enter: Enable users to create and access non-custodial wallets using Google or Apple accounts in one click.
- Privacy Mechanism: Introduce a privacy mechanism to protect user privacy and transaction anonymity
- Ecosystem Application: Built in an all-in-one super Web3 app-BenPay, including Card, DEX, DeFi Earn, Shop, Merchant, on-chain red packet, and more.
Technology Foundation
- Execution Environment: Built on the Move language, BenFen’s modular smart contract system fundamentally ensures secure resource security and behavioral verifiability.
- High-Performance Consensus: Achieves sub-second transaction confirmation and a stable tens of thousands of transactions per second (TPS), tailored for high-frequency payments and interactive applications.
Core Concepts: Understanding BUSD and BFC
BenFen adopts a dual-token model, with BUSD and BFC playing distinct roles in supporting a stablecoin-centric closed-loop economy.
- BUSD
- Definition: BUSD is the core native stablecoin of the BenFen ecosystem.
- Stability Mechanism: Through the native cross-chain bridge, mainstream USD stablecoins such as USDT and USDC are pegged 1:1 upon cross-chain transfer, ensuring rigid redemption and maintaining value stability.
- Core Application: As the main value medium within the ecosystem, it is widely used in core scenarios such as gas fee payment, daily payments, asset staking, and so on.
- BFC (BenFen Coin)
- Definition: BFC is the native functional and governance token of the BenFen network.
- Core Utilities:
- Network Security: Ensures blockchain security through the equity staking mechanism.
- Governance: Serves as the credential for participating in the BenFen DAO on-chain governance.
- Economic Incentives: Provide incentives for validation nodes and ecosystem contributors
- Gas Fee Payment: Functions as an alternative option for paying gas fees.
In conclusion, BenFen is the next-generation stablecoin blockchain — the core engine for global, trusted on-chain payments. Built on Move for security, high performance, and low-cost execution, BenFen provides the foundation the stablecoin ecosystem needs: native cross-chain connectivity, institutional-grade settlement, and seamless support for applications – BenPay. This is the infrastructure powering the future of stable, scalable, and user-ready digital payments.