Actions That Require Bonding

Undertaking certain actions within the Bondex ecosystem requires a user to bond. This entails using BPs as collateral in order to perform the action. Whilst an action is in progress, BPs are locked until completion. Upon the completion of a successful action, BPs are returned to the user with an additional bonus — a reward for engaging in a value-add action or interaction within the ecosystem. If an action is unsuccessful, bonded BPs are forfeited by the user.

Bond points are off-chain points that are used to facilitate economic activity. They are not directly interchangeable for $BDXN tokens. They are a premium currency akin to video game virtual currencies.

The below table shows the actions that require bonding, as well as how ‘success’ and ‘failure’ are defined. This is a draft and will be confirmed after A/B testing and modeling. It will be updated as we iterate on product services and gather further insights.

Action	Success	Failure	BPs returned in case of success
Job application	Basic background initial screening stage is passed	Basic background initial screening is not passed	110% of bond
Cold outreach message	Message accepted	Message denied by recipient, or is unanswered for 14 days	120% of bond
Warm outreach message (message with recommendation from mutual connection, requires lower bond than cold message)	Message accepted	Message denied by recipient, or is unanswered for 14 days	110% of bond
Candidate referral	Candidate passes screening stage	Candidate does not pass screening stage	105% of bond
Undertaking test to gain credentials (provided via third party assessment provider e.g. Hackerrank)	Test is passed	Test is failed twice, or 14 days elapsed since time of bond without passing test	115% of bond
Signal interest to be selected as a juror in dispute resolution court	Answer summons and confirm participation within 7 days of receiving summons	Failure to respond to summons and accept case within 7 days of notification	120% of bond
Vouching	Vouching for a user whose Bondex Reputation grows	Vouching for a user whose Bondex Reputation falls	When a voucher earns BPs, a bonus is awarded to the voucher, equal to 10% of the total BPs earned by the voucher. This does not apply to purchased BPs

Users can also take other actions within the ecosystem, such as updating their profiles, verifying credentials, inviting others, joining events, or creating communities. These actions earn Bondex Points without requiring upfront bonding.

By doing these activities, users can grow their Bond Point balances and add value to the ecosystem. Since these tasks do not significantly impact other users if done poorly, there is no need to attach economic incentives for quality.

When users complete successful actions or reach certain milestones, they receive various badges (e.g., Connector, Recruiter). These badges impact Bondex Reputation scores and contribute to richer data profiles.

Note: the manner in which Bond Points behave and dis/incentivise behaviours is liable to change subject to new or altered App Store regulations