How Bendex works
$BENDEX turns its own trading into buybacks, using real graded trading cards as the engine. One cycle:
- Fees. Every $BENDEX buy and sell pays a fee in SOL. The creator's 90% goes to the Bendex wallet.
- Pack. Once at least 0.5 SOL has built up, Bendex opens a Collector Crypt pack the fees can pay for, from any of the 29 packs in the pump.fun app (see the Packs page).
- Card. The pack holds one real graded slab (PSA, CGC or BGS), vaulted and insured by Collector Crypt.
- Value. The slab's insured value sets the size of the buyback, 1:1.
- Buyback. All of that SOL buys $BENDEX on the open market.
- Burn. The bought tokens go to the burn address. Supply only goes down.
More trading means more fees, more packs and bigger burns. Leftover fees that don't cover a pack roll into the next cycle.
Packs and the math
The numbers below are Collector Crypt's published pack stats. “Back” is how much of the pack price returns as buyback on average. The buyback matches the card's value 1:1, so it is the average card value over the pack price.
| Tier | Price | Avg value | Back |
|---|---|---|---|
| $50 tier | $50 | $52.35 | 105% |
| $100 tier | $100 | $104.41 | 104% |
| $250 tier | $250 | $261.11 | 104% |
| $500 tier | $500 | $512.92 | 103% |
| $1000 tier | $1000 | $1018.71 | 102% |
| $2500 tier | $2500 | $2571.57 | 103% |
| $5000 tier | $5000 | $5071.56 | 101% |
So averaged over many cycles about 103% of the pack price comes back as buyback. Any single pull can land well below or well above that: a pull worth 3×, 5× or 10× the pack turns one cycle into a burn many times bigger than the fees.
Checking every step
Each cycle leaves public transactions for the pack purchase, the buyback and the burn. The Cycles page lists them, and the burns add up on the Burn page. You can follow the SOL from the fee wallet to the burn address without trusting anyone.
Launch on Meteora
$BENDEX launches on a Meteora Dynamic Bonding Curve, paired with SOL. You can trade it on Jupiter from the first minute.
Risks
- Most single packs pull cards worth less than the pack, so many cycles burn less than the fees they spent. Hits are random.
- Buybacks support the price, they don't guarantee it. $BENDEX can still fall.
- Collector Crypt can change pack prices and odds.
- Memecoins are volatile and can lose most or all of their value.
- Smart contracts and wallets can have bugs. Only buy what you can afford to lose.
FAQ
Where does the money for packs come from?
From trading. 90% of every $BENDEX trading fee goes to the Bendex wallet in SOL. That SOL is spent only on packs and buybacks.
How big is each buyback?
Exactly the value of the card that was pulled, 1:1. A $300 card means $300 of $BENDEX bought back and burned in the same cycle.
Does every pack pay off?
No. Most single pulls are worth less than the pack, and the buyback follows the card's value. Averaged over many packs, cards are worth about 103% of the pack price, and the rare hits are what push a cycle far over 100%.
Who runs Bendex?
The Bendex team, from the Bendex wallet. Every cycle follows the same rules: once fees cross the threshold, open a pack they cover, buy the coin back for the card's value, burn it. Every step is a public transaction, linked on the Cycles page.
Can the team pull the liquidity?
No. After graduation the pool's liquidity is locked forever, 10% on the partner side and 90% on the creator side.
Why is the fee so high at launch?
It starts at 80% and steps down to 1% over the first 10 minutes. Sniper bots buy in the first seconds and dump on everyone else; a high opening fee makes that unprofitable. If you're not a bot, wait a few minutes.