Bondex Application

The Bondex App exists in mobile and web forms. The mobile app serves as a hub for professional networking, where social profiles are aggregated. Currently, the initial utility of the web app is mainly as a talent marketplace and will also contain a decentralized arbitration court to settle disputes between talent and hirers.

Description

The Bondex app is a professional networking platform connected to a talent marketplace, underpinned with gamification and verified credentials. Traditional talent marketplaces have low risks of actions; high volumes are encouraged as they carry higher expected value due to low cost. Unfortunately, this leads to large levels of spam and low quality interactions between market participants.

Bondex applies the concept of building up credit within the network based on a system of offchain points, known as Bond Points (BPs). BPs are used for the bonding mechanism within the ecosystem. They cannot be redeemed or converted into $BDXN. Bond points can be earned by completing various actions successfully and by doing daily ‘Boosts’. These points are also used as collateral to engage in certain actions. Should the action be undertaken successfully and in a positive manner, points are returned with an additional reward. If a low quality interaction is undertaken, BPs are liable to be lost. This market design helps foster genuine connection due to reduced noise in the system.

BPs enable the mechanism of attaching a tangible cost to low quality interactions, as well as a tangible benefit for high quality ones. This creates a new paradigm for talent networks in which these incentives are explicit, as opposed to implicit, less palpable, and ultimately less effective.

BPs may be purchased, or attained by engaging in positive sum behaviours, and may be lost by engaging in malicious or negative behaviours. Accrued points contribute to a Rewards Algorithm, which subsequently affects how much $BDXN users earn in the seasonal airdrops as well as social visibility and reputation.