Bond Points

Bond points are off-chain points that are used in the mobile Bondex app to facilitate economic activity. They are not directly interchangeable for $BDXN tokens, and exist in lieu of $BDXN on the mobile app.

Bond Points may be earned organically via in-app activities or purchased in-app, and must be used to perform various actions due to the bonding mechanism; this entails putting up tokens as collateral to perform an action, which are promptly returned upon successful completion. In the case of poor performance or a negative action, bonded points are lost.

The below table shows the actions that require bonding, as well as how ‘success’ and ‘failure’ are defined.

Action	Success	Failure
Job application	Basic background initial screening stage is passed	Basic background initial screening is not passed
Cold outreach message	Message accepted	Message denied by recipient, or is unanswered for 14 days
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
Candidate referral	Candidate passes screening stage	Candidate does not pass screening stage
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
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
Voting in dispute resolution case	Vote in the majority (majority also receives slashed bond of minority)	Vote in the minority (upon which bond is slashed and distributed among majority)

There are other actions users may undertake within the ecosystem, such as completing or updating a profile, verifying credentials, inviting users to the network, participating in events or creating communities that generate Bondex Points with no upfront bonding. These activities provide users with avenues to increase their UserReputation and Bondex Points in order to further add value to the ecosystem. These actions are the activities that do not bear meaningful consequences for other users should they be completed poorly, thus there is no reason to attach economic incentives for quality.

When users perform successful actions or reach certain milestones, different badges are earned (e.g. Connector, Recruiter, etc.) These badges are used to calculate airdrop weightings for users and also contribute to richer data profiles.

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