Bullcheese Review: A Memecoin Launchpad on Circle’s Arc With No Bonding Curve

Circle released the public mainnet of its Arc platform on September 16, 2026, describing the project as an open Layer 1 blockchain created specifically for financial services and fast, agentic movement of money. Gas on Arc will be paid in USDC instead of using a native volatile token and Circle claims that there were over 100 projects working on the platform on the very first day. The launch also brought trading infrastructure and memecoin platforms into the same ecosystem. Circle said Aero, fomo and Uniswap anchor Arc’s day-one trading infrastructure, while Pump.fun was among the onchain trading and liquidity protocols listed as live on or exploring Arc. Cryptopolitan reported that Pump.fun received $1,118,478 out of $1,141,120 earned that day by all the launchpad projects on August 9, 2026. That accounts for 98%. The platform uses a bonding curve technology that locks liquidity of a token in its own contract until the market capitalization reaches some limit and the token “graduates” to a public liquidity pool. Unlike Bullcheese, another memecoin launchpad that had its first public launch simultaneously with the mainnet release of Arc, the platform omits this procedure. All the tokens that it mints go straight to trade within a standard Uniswap v3 pool where the whole token’s supply is locked within the first block of trading. According to Circle, the platform is supposed to feature eleven initial validators, which include the following companies: BlackRock, Depository Trust & Clearing Corporation, Galaxy, ICE, Mastercard, MoneyGram, SBI Group, Standard Chartered, Sumitomo Corporation, Visa and Worldpay (previously known as Global Payments), as part of a staged roll-out process. However, the platform warns about the responsibility of Arc LLC and permissioned validators: neither the company nor any of the validators is responsible for the content, accuracy, legality or functionality of third-party applications, protocols and/or services used within the Arc ecosystem. Even before the launch of the mainnet, the competition in this market was tough enough. As per AirdropAlert, an affiliate blog that reported the event on September 17, 2026, 18 launchpads applied to become Arc’s Pump.fun. What Is Bullcheese? According to Bullcheese, it is where you can “launch and explore fixed-supply tokens.” In reality, it is a memecoin launchpad, as evident from the names of tokens that appear on its homepage. The platform uses USDC as the native currency. All tokens described in Bullcheese’s documentation are paired with USDC, and on September 17, 2026, 87 out of 87 launch records appearing in the platform’s launch feed- 85 public launches and two hidden test launches- had USDC as the pair asset. Bullcheese operates on the Arc mainnet, chain ID 5042 (Bullcheese uses another chain ID for its testnet on Arc’s testnet).