Why is a token needed?

The $BDXN token is required for several reasons. Chief among them is because it is the most efficient mecha- nism through which to reward and give financial value to the participants in the ecosystem, as well as grant governance power to stakeholders who are aligned with the product and its mission.

Dividends in cash may be paid to equity holders, however equity holders and users are typically two distinct stakeholder groups, with users not always having the accessibility to access ownership of equity. However, with $BDXN, good users are automatically given governance power (via epochal airdrops), as well as the opportuni- ty to gain more governance power or financial value (in the form of more locked $BDXN). Bondex aims to genu- inely 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 also creates a compelling narrative for potential users to join.

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.

Furthermore, 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 stronger product flywheel, but also a competitive differentiator, and is a crucial element of the ecosystem.