Bondex is a Web3 talent ecosystem combining a talent network and marketplace, partially owned by its user community. Bondex’s top aim is to locate the most significant people, assist them develop connections, and find suitable job possibilities. Bondex is creating a next-generation, on-chain professional network prioritizing talent, reputation, and economic opportunity. This platform intends to revolutionize professional networking by providing users with a decentralized area to build verifiable reputations and explore new economic prospects.

What is Bondex?

Bondex is a decentralized finance ecosystem that uses distributed ledger technology (DLTs) like blockchain. Bondex uses blockchain technology to develop a new user ownership model rather than a centralized, monopolistic approach. Tokenized revenue-sharing mechanisms will make users the true partners in the talent ecosystem’s growth and success. The corporation will share a percentage of its revenue as a financial incentive for participating and vesting in the ecosystem.

Bondex focuses on critical industries such as professional networking, the freelancing and gig economy, and digital advertising networks. The platform allows users to control their professional identities and communicate inside an on-chain social network by putting privacy first. These verifiable reputations can be used for various purposes, including offering a more transparent and secure manner for professionals to demonstrate their abilities and achievements. Bondex envisions a future in which a decentralized professional network values trust, reputation, and access to economic possibilities. This vision aligns with the changing dynamics of work and collaboration to provide a network that can adapt to the changing needs of professionals in the digital age.

Background of Bondex

Bondex was launched in 2021 to meet a crucial need in the burgeoning Web3 space: the difficulty of talent discovery and job matching in a decentralized environment. Bondex began as an experiment to examine the demand for a Web3 professional network and has grown into a platform that offers a variety of products and services to a diverse clientele, laying the groundwork for Bondex Vision 2.0. Bondex was founded in May 2021 by Ignacio Palomera, co-founder and CEO. Bondex is headquartered in Florida, United States. Ignacio was a former investment banker and serial entrepreneur with substantial experience in business growth, strategy, and operations. He previously worked as the COO of Texit Film Fund (TFF), the film finance division of Texit Industries, and an M&A analyst at HSBC Global Banking and Markets. The members of Bondex include Martin Ey, Spencer Wong, Mac Dziędziela, Paul Martin, and Elena Hernando.

Bondex’s investment round included Animoca Brands, Angel Capital, Dext Force, and Coinlist. The project earned $10 million, including $4 million from famous VCs and $6.5 million from a Coinlist community auction in March 2023. Bondex has built a strong user base and community, with over 4.55 million app downloads, 500K daily active users, and top-tier partners, including Binance, Chainlink, CoinMarketCap, and others.

Bondex Roadmap

Bondex is a new, gamified professional network that rewards users with governance rights and income share. It is a distributed business model in which users become partial network owners through income sharing via its native currency, BNDX. The Bondex Roadmap describes the ecosystem’s deliberate transition from its present Web2.5 underpinnings to a fully decentralized Web3 platform. Bondex is introducing new features and utilities in stages to allow for long-term growth, with each development building on the one before it. This technique results in a seamless ecosystem that connects Web2 and Web3 users.

Benefits of Bondex

Bondex provides an integrated ecosystem with DeFi features, integrating traditional financial institutions and cryptographic capabilities via fintech tools like debit cards and wallets. With these benefits, Bondex rewards users for using the platform and sharing their professional profiles, as other professional networks such as LinkedIn do. However, it also takes security further by allowing real-time document verification using blockchain technology, preventing profiles with false credentials.

Encouraging Active Participation

One of the most significant advantages of the Bondex Talent Network is its ability to incentivize users to participate in value-adding activities actively. This starts a virtuous circle of engagement and growth in the ecosystem. Users who participate increase the network’s size and economic worth, allowing them to take advantage of new opportunities while supporting network expansion. Employers benefit from more recent data and a more efficient recruitment procedure. The incentives align stakeholders’ interests, resulting in a highly engaged user base that supports talent acquisition and network expansion.

User Empowerment and Control Over Data

Bondex, unlike traditional platforms, gives its consumers complete control over their data. Users can manage and control their professional history via a decentralized, blockchain-based platform, facilitating transparency and trust. This emphasis on user empowerment allows people to actively define their work lives without relying on centralized authorities.

A New Paradigm For Employers

Employers benefit from greater transparency and faster hiring cycles. The Bondex platform’s design eliminates numerous intermediaries and lowers typical hiring costs, including recruiter fees. Bondex democratizes the recruitment process, allowing users and recruiters to monetize their networks and earn fees to extend the supply-demand pool inside the ecosystem.

Bondex Products

The Bondex ecosystem includes numerous products. However, three of these are its most essential items.

The Bondex Mobile Application

The Bondex Origin Mobile App, the most significant Bondex product, enables users to start on the Bondex platform. The Bondex Origin App was released in August 2021 and announced on Bondex’s official medium page on October 20, 2021. Simple software allows individuals and professionals to join and create unique personality profiles. A profile and registration on the Origin Mobile App allow users access to additional features and other items. Users can receive incentives by registering for the app. Registration is free; anybody over 18 can sign up for the Bondex Origin Mobile App. Once enrolled, users can receive incentives for activities such as authenticating their LinkedIn, uploading their most recent CV, providing referral links to recruit new members, and more.

The Bondex Origin App will also allow registered users to mine BNDX tokens on their mobile devices once every 24 hours. The Origin App’s mining activities have been assigned 5% of the total token supply. The app uses BNDX tokens to reward users for registering, submitting resumes, creating professional profiles, and referring new users to grow their network.

Features of the Bondex Origin Mobile App

• Bondex Profiles: Users establish verifiable, blockchain-integrated professional identities that reflect their talents and accomplishments.
• Awards and Quests Engine: The software incentivizes user interaction with quests and awards, encouraging active participation and developing stronger connections.
• Referral System: Our app referral program promotes rapid user development by rewarding existing users to recommend others, resulting in a robust, engaged community.
• Reputation Points System: Users receive reputation points for accomplishing tasks and participating in activities, influencing their access to opportunities and incentives inside the network.
• Content Distribution: Our app is a content conduit, allowing users to share Bondex updates and broaden the platform’s reach.

How to use the Bondex Origin App

• Find and download the Bondex Origin App from Google Play or Apple App Store.
• Users then register and create their professional profiles.
• Afterward, the users upload their resumes.
• Users must log in every 24 hours to earn BNDX tokens.
• Additionally, users can invite more users to increase their earnings rate.
• Repeat step 4 every day.

Bondex Network Application

The Bondex Network is a key component of the Bondex Web3 Talent Ecosystem, linking talent to opportunities in the decentralized world. It’s intended to be a platform that allows professionals to find work opportunities, exhibit their skills, and participate in Web3 projects, all while employing blockchain technology to assure transparency and trust. It is another significant feature that allows users to build profiles and begin interacting with other stakeholders on the network. It includes in-app messaging capabilities, allowing users to connect directly.

Key Features and Aspects of the Bondex Network

Job Portal

The Bondex Jobs Portal was established in January 2024, marking a significant step forward in creating a decentralized, user-driven professional network. Bondex Jobs Portal is more than just a job board. The gateway combines Web3 principles with cutting-edge technology to launch the Social, Economic, and Reputation Network (SERN). Here are some of its main benefits:

• Faster, cheaper hiring: Enabling enterprises to locate top-tier personnel at reduced costs and faster processes improves SERN’s economic layer.
• Monetization potential for all users: Referral bounties allow users to grow their reputation and earn money by recruiting others and monetizing their networks.
• AI-enhanced candidate filing and matching: Ensures more accurate matches, which improves professional reputation and economic efficiency.

This empowers users, streamlines recruitment processes, and promotes the growth of professional reputations throughout the network. The Bondex Jobs Portal establishes the SERN system by addressing specific professional needs and promoting long-term growth in the Web3 economy. Bondex intends to strengthen the portal further by expanding into fractional economic opportunities and incorporating gamified learning, upskilling opportunities, and brand improvement quests, resulting in more engagement, economic participation, and reputation building within SERN. The features of the Bondex Job Portal include;

• Decentralized recruitment through referral bounties: Referral bounties enable decentralized recruiting by allowing users to refer prospects and earn prizes, making everyone a potential recruiter.
• AI-powered quality filter: The system uses AI to rank and match candidates based on their profiles, work experience, and qualifications.
• High-value professional data capture: Comprehensive profiles record work history, education, and preferences, allowing for targeted job matches.
• Disruptive approach: A peer-to-peer talent marketplace allows direct connections between recruiters, talent, and organizations without intermediaries.
• Referral bounty with AI filtering: A low-cost recruitment solution that combines user referrals and AI-powered filtering.

Current Bondex Job Portal Clients

Talent Marketplace

The Bondex Network is a decentralized marketplace where Web3 professionals may create verified profiles highlighting their abilities, expertise, and contributions. This profile is verified with blockchain technology, which ensures authenticity and helps to eliminate fraud.

Professionals may showcase their work on various blockchain projects, whether engineers, designers, marketers, or content providers, making it easier for companies to locate the right talent.

Web3 Credential Verification

One of the Bondex Network’s distinguishing features is its blockchain-based credential verification system. Professionals on the platform can have their accomplishments and certificates confirmed on the blockchain, resulting in a transparent and immutable record of their abilities and experiences. This is especially significant in Web3, where trust and verification are essential, and it can help users stand out in a highly competitive employment market.

How It Works

• Professionals can build profiles, validate credentials using blockchain technology, look for job possibilities, and participate in initiatives.
• Employers can post job openings, search for talent, and interact with freelancers and full-time employees from the Web3 talent pool.
• Token incentives and engagement benefits incentivize users to keep engaged, contribute to the ecosystem, and grow the Bondex Network.

Bondex ID and Reputation

Bondex ID is an on-chain identity system that promotes trust and transparency within the Bondex network. It acts as a unified, verifiable digital identity for users, representing their accomplishments, actions, and reputation in both Web2 and Web3 settings. The Bondex Reputation System evaluates a user’s credibility, knowledge, and engagement on the Bondex network. Reputation is determined by the points obtained through verifications in four categories: identity, professional, blockchain & crypto, and social. The total Reputation score assigns users to one of three levels:

• Contributor: 0–24 points.
• Trusted: 25–64 pts.
• Elite: 65+ pts.

Benefits of Achieving Trusted and Elite Status

Achieving Trusted and Elite levels reveals a user’s verified identity, achievements, and qualifications in other categories. Acquiring Trusted (25+ points) or Elite (65+ points) status inside the Bondex network unlocks the following significant benefits for users:

• Increased activity rate: When Trusted or Elite-level users activate the Boost option, they earn Bond Points at a greater hourly rate. This boost lasts 24 hours and increases earning possibilities for active users.
• Visibility and Social Recognition: Reputation levels are presented on user profiles, demonstrating trustworthiness, experience, and engagement. This visibility is crucial as Bondex builds public profiles and social networks.
• Enhanced Platform Privileges: As the project evolves, users with a high reputation may earn access to special features, premium job postings, or first access to new features and goods.

Minting Bondex ID

Once users have achieved the trusted or elite reputation levels, they can mint their Bondex IDs. This will be a free mint for a limited time, allowing users to verify their Bondex ID and reputation score on-chain via the Ethereum Attestation Service (EAS). Users who undergo additional verifications after minting can generate a new Bondex ID with their updated reputation score. This ensures that their on-chain credentials are accurate and up to date. One of the advantages of a minted Bondex ID is verifiable identity, as dApps in the Bondex ecosystem can verify users’ on-chain reputation score and credentials; proof of credibility for users to display their accomplishments, verifications, and credibility across Web2 and Web3; and portable reputation, as users’ on-chain Bondex ID can be acknowledged by various platforms and dApps in the future, increasing its utility.

How to Mint Bondex ID

• Achieve Trusted or Elite Level: To become Trusted or Elite, users must acquire at least 25 reputation points or 65 or more points.
• Start the Minting Process: Once eligible, users can mint their Bondex ID within the Bondex app.
• On-Chain ID: The Bondex ID and current reputation score are proven on-chain via the Ethereum Attestation Service (EAS), making them verifiable throughout the Bondex ecosystem.

What is Bondex Token?

The Bondex platform is powered by its native token, $BNDX. Users get $BNDX incentives for completing specific platform tasks. It has been described as the “primary medium of exchange for Bondex network jobs, rewards, incentives, and staking.” Additionally, $BNDX members will gain access to premium services and features. In short, BNDX will be utilized for:

• Data monetization and value distribution.
• Network Rewards and Incentives
• Governance
• DeFi Services

Dual Token System

Bondex has a dual token economy, with two types of tokens: Bond Points (BP) for the bonding mechanism and BDXN tokens for value capture and governance.

Bond Points (BP)

Bond points can be acquired naturally or purchased in-app. They must be utilized to execute various operations due to the bonding system, which includes pledging tokens as collateral to act, which are instantly refunded upon successful completion. Bonded points are lost as a result of poor performance or undesirable actions. These tokens work as a utility inside the ecosystem, granting users access to unique features, increasing visibility, and unlocking incentives for value-creating activities. BP tokens are earned through various behaviors, including profile completion, job application, and candidate referral. The table below displays the acts that necessitate bonding and the definitions of ‘success’ and ‘failure.’

These actions allow users to improve their reputation and Bondex Points, allowing them to contribute more value to the ecosystem. These are the operations that have no significant consequences for other users if they are executed incorrectly. Hence, there is no reason to attach economic incentives for quality. Badges are awarded when users complete successful tasks or reach specific milestones. These badges are used to determine users’ airdrop weights.

BDXN Tokens

These on-chain tokens are utilized for governance, value transfer, and investment in the platform’s future growth potential. Token holders can influence the platform’s future growth and governance, resulting in a more decentralized, community-driven model. Governance participants, typically required to be $BDXN lockers, can influence the Bondex platform’s direction and decisions. They actively participate in voting, policymaking, and other key choices, ensuring the platform stays community-driven and true to its goal. Their contribution is vital to the platform’s adaptability, expansion, and improvement.

BNDX Tokenomics and Distribution

To reward Bondex community builders and early adopters, Bondex will conduct an inaugural community airdrop (2% of supply) on TGE. Subsequent airdrops will come from the Ecosystem Rewards Pool (28% of supply), which will be refilled regularly using the ecosystem’s income. Tokens distributed to users through periodic airdrops are automatically locked, and locked tokens are illiquid. Suppose users want to sell their tokens for a profit. In that case, they must go through a 12-week ‘unlocking period’ that begins when the unlocking process is initiated.

Tokens distributed to users through periodic airdrops are automatically locked, and locked tokens are illiquid. Suppose users want to sell their tokens for a profit. In that case, they must go through a 12-week ‘unlocking period’ that begins when the unlocking process is initiated. Tokens can be claimed during the 12 weeks. However, not all of them may be made available to the user, depending on when they are declared. For example, if users do not want to wait 12 weeks to receive tokens, they can claim them sooner but will not receive the entire amount. The unrealized amount will be confiscated and destroyed, lowering the overall supply.

Suppose tokens are claimed on the first day of the unlocking period. In that case, the early unlocking cost is calculated as 50% of the locked initial tokens. Suppose tokens are claimed on day 38 of the unlocking period. In that case, the early unlocking cost is calculated as 27.71% of the initially locked tokens.

Conclusion

The Bondex Network is a holistic ecosystem that promotes growth, trust, and collaboration among Web3 workers and employers. It is intended to suit the specific requirements of the decentralized economy while encouraging transparency, security, and community. The Bondex ecosystem’s decentralized structure ensures the platform maintains the highest level of openness. Involving stakeholders in decision-making minimizes conflicts of interest, and the platform’s growth is best secured.