Why is a Token Needed?

The $BDXN token is required for several reasons. Most importantly, it serves as the most efficient way to reward participants and provide financial value within the ecosystem. It also grants governance power to stakeholders who are aligned with the network and its mission.

The Bondex network allows for the possibility of paying dividends in cash to equity holders. However, it’s worth noting that equity holders and users are typically two distinct stakeholder groups, with users not always having the accessibility to access ownership of equity. With $BDXN, value-add users are automatically given governance power (via the Airdrop Seasons), as well as the opportunity to gain more governance power or financial value (in the form of more locked $BDXN). The Bondex network aims to genuinely reward the users that add real value to the network. Not only is this in line with the vision of creating a user-owned network, but it also strengthens the narrative for users to join. This, in turn, enriches social graphs and reinforces a positively reflexive system.

Intelligent incentivisation and distribution of the token in growth phases is also extremely beneficial in user acquisition.

The ownership and collective sharing in the upside of the growth of the network is one of Bondex’s core values and selling points. It is what differentiates the product from traditional web2 talent networks.

As the ecosystem and social graph grows, so does the value of governance over it. Hence, the value of governance also begins to accrue to the token.

In summary, the use of $BDXN not only creates a much stronger product flywheel and boosts growth, but is also a competitive differentiator and a crucial element of the ecosystem.