What is ERC-7660 ?

ERC-7660 is a proposal filed by Benchmark Labs with the Ethereum Foundation. There is one major improvement

• consensus period

The consensus period outlines ERC-20 tokens which are released based on predefined periods controlled by smart contracts, smart contract allows token release based on predefined periods, enabling lock token balances and gradually releasing tokens. The motivation behind this protocol is to enrich the ERC repository.

Benchmark Labs will continuously improve and update the ERC-7660 repository. To make it user-friendly, it will develop and maintain the Benchmark App, and provide the ERC-7660 tokens with infrastructure such as the Dashboard, Fair Launch, and community building.