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Benchmark Protocol is a currency that has been industrialized to substitute trade dollars in traditional Barter Systems. As the "Sharing Economy" cultivates, so does the decentralized market. Benchmark Protocol goals to change the way we trade, by familiarizing Barter on the Blockchain.

A Barter Frequency has been re-invented on a blockchain, decentralized, fastened and widely available in the form of MARK, replacing a Trade Dollar. Trade Dollars are just like cash and for that stock are based on regular currency, but in current Barter Systems they are well-ordered and issued by a central party. MARK is traded on manifold cryptocurrency exchanges throughout the world,

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About Benchmark Protocol 

The expansive DeFi (Decentralized Finance) space has experienced tremendous growth over the past twelve months. An independent and crypto-uncorrelated collateral utility is currently absent from the DeFi space. Stable coins are centrally issued, controlled without real-time evidence of solvency and create currency efficacy issues for their physical counterparts. An immutable, rules- based collateral utility that expands supply during liquidity crunches and remains demonstrably uncorrelated to the broader DeFi sector is the ideal solution.

 

The MARK token is designed and supplied with respect to the Special Drawing Rights (SDR) and the VIX (CBOE Volatility Index). The graphic below demonstrates the correlation of several crypto assets to Bitcoin (BTC), as well as DXY-BTC (USD index) and the VIX-BTC pairs. The MARK token supply is informed by the SDR (+40% USD representation) and the VIX. The MARK token is designed to be uncorrelated to Bitcoin.

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What is Benchmark Protocol [MARK]?

Benchmark is a rules-based, supply-elastic collateral utility that adjusts supply based on volatility indexes (VIX) and deviations from the target metric - equal to 1 Special Drawing Rights (SDR) unit. Employing the SDR creates a larger use case rather than exposure to just one currency; the application of this creates a larger user base and delineated exposure to markets around the world. The DeFi space needs a collateral utility that retains its efficacy and increases inherent, baseline liquidity during periods of high volatility.

 

There is no fixed amount of MARK tokens to ever be in supply. This addresses common concerns that store of value assets like Gold and Bitcoin are faced with: inelasticity. Holders of the Mark token experience less correlation to traditional and digital asset classes. The protocol is also bifurcated from commonly inflation-prone fiat currencies.

Indisputably, the key here is to make the start with crypto as easy as possible, and use an entertaining approach to get new users started without all the usual hassle, and then instruct them to handle cryptocurrencies responsibly.

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Who Is The Founder of Benchmark Protocol [MARK]?

Harrison Woytko is the Founder of Benchmark Protocol. It is an open-source peer-to-peer cryptocurrency network. it has been automated on the barter chain system to make the trades useful for the crypto stockholders. The team at Benchmark Protocol is to create a new system of commerce that will generate new jobs for an information-based frugality and to help break away from the current system of debt-based money.

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What Makes Benchmark Protocol Unique?

A user's Benchmark Protocol tokens are also the keys to the Vault or the dividend contract. Simply put, when receiving a transfer of MARK tokens from another holder, one will also mechanically obtain an identical number of Dividend Tracker Tokens

 

As a score, the Benchmark protocol runs on low power hardware, enabling it to be a lightweight, practical and decentralized cryptocurrency for daily use. 

 

Additionally, Benchmark Protocol provides development assistance for the imminent stockholders to encourage their stage and benefit through MARK tokens.

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Where Can You Buy Benchmark Protocol [MARK]?

Benchmark is built on the Ethereum blockchain. The MARK token is the native asset in the Benchmark network and provides only the utility value available to it through the Benchmark network.

 

If you are looking to buy or sell Benchmark Protocol, Uniswap (v2) is currently the most active exchange.

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Frequently Asked Questions

What happens if I sell my MARK before claiming my return?

If a holder decides to sell all of their MARK tokens and they do so without claiming their ETH reflections - the MARK will remain available to them to access via their wallet for 3 months starting from the exact minute of disposal.

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Benchmark Protocol Official website – https://benchmarkprotocol.finance/

 

Benchmark Protocol Medium – https://medium.com/benchmarkprotocol

 



 

 

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