Why is a token needed?

The $BDXN token is required for several reasons. Chief among them is because it is the most efficient mechanism 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 network 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 the Airdrop Seasons), as well as the opportunity to gain more governance power or financial value (in the form of more locked $BDXN). BondexNetwork 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 also creates a compelling narrative for users to join which subsequently creates even richer social social graphs and a positively reflexive system. Furthermore, users holding $BDXN further incentivizes activity and high quality usage through the user score.

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 BondexNetwork’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 much stronger product flywheel and boosts growth, but is also a competitive differentiator and a crucial element of the ecosystem.