Why I Think Bondex Will be a Multi-billion Dollar Company

A letter to our Bondin community from Ignacio Palomera, Bondex CEO & Co-Founder

A Letter to Bondins, from Ignacio Palomera, Bondex Co-Founder and CEO

Dear Bondins,

We’ve come a long way from launching Bondex amidst the crypto winter to becoming the most popular hiring platform in the web3 space. Our story so far has been one of innovation, resilience, and unwavering commitment to our community.

We have achieved significant milestones along the way, but we’re not stopping to celebrate just yet. We are gearing up to conquer the next goal: launching the $BDXN token and making it one of the top 100 crypto coins.

While this milestone might sound audacious, here’s why I’m confident we’ll achieve it and reach $1 billion in market cap soon enough.

We’ve Stayed Resilient Through Market Downturns

We created and scaled Bondex when market conditions were in a downturn — the crypto winter was in full swing, and the global economy was facing rising interest rates, inflation, and slowing growth.

The industry itself was reeling from the collapse of Terra Luna, and the FTX debacle. Seed funding was down by a whopping 56%, and even established players like Ethereum and Binance took significant hits to their TVL.

Hiring also slowed down during this period.

Despite the odds being stacked against us, we pushed hard and took challenges that came our way head-on.

And we didn’t just survive, we thrived. Today, the Bondex app has crossed 4.7 million app downloads, over 1.5 million active users, and nearly half a million daily active users.

Additionally, we have around 2 million fully completed profiles, including work history, preferences, education, and resumes.

Not many web3 apps can get to these numbers and continue innovating even through such harsh market conditions.

We Prioritize Our Community

Bondex is a meritocracy and is designed to empower and reward our loyal community members. Every meaningful interaction, even something as small as uploading your resume, increases the mining rate of Bond Points which improves their reputation on the platform. Unlike other hiring platforms, we empower everyone to monetize their network and earn rewards, not just professional recruiters.

$2.4m Airdrop for Season 1

On a larger scale, we’ve earmarked $2.4 million USD worth of $BDXN (at our latest valuation of $80m FDV) to be distributed in Airdrop Season 1, with even more allocated to future airdops to reward our community in season 2.

While airdrops have an infamous reputation in web3, we made our first airdrop a success by preventing bot spam and guaranteeing real users received the allocation.

Also, our community doesn’t have to jump through hoops to qualify and get a fair distribution nor do they have to make a forced donation to claim their tokens.

In fact, we added in-app quests so users could easily earn points and get larger allocation of $BDXN in Season 1 Airdrop.

Now, we’re working with our partners to launch our token in September on the most popular exchanges following the advice from our leading exchanges and advisors.

New Initiatives for Our Community

Our latest initiative is the Bunny Blitz mini-game which we launched on Telegram’s TON ecosystem.

This exciting mini-game helps us reach more than 900 million users and allows Bondins to earn rewards from a prize pool starting at $1 million in $BDXN.

When we soft launched the game to our community more than 100k players had signed up within the first 24 hours.

Now, we’re working on adding more levels and quests to the game. And we’re already on the fast-track to reaching the league of big players like Hamster Kombat and Notcoin which have collectively seen more than 200 million players.

Our community initiatives don’t end here.  and other exciting things which will enable Bondins to earn more rewards and help us grow our community.

In fact our initiatives so far have led to a sharp increase in user base. Monthly active users have increased from 700,000 to 1.6 million (over a 120% increase), and daily active users have increased from 300,000 to 420,000 (a 37% increase).

Our social media presence has also exploded:

  • Twitter followers have increased from 250,000 to 470,000

  • Discord members have grown from 25,000 to 130,000

  • YouTube subscribers have gone from 26,000 to 100,000

We’ve Partnered the Biggest Web3 Companies With Top Talent

Bondex is a dynamic platform that caters to talent, and companies and recruiters alike.

Our success stories extend beyond individual users; we’ve got an exceptional track record matching companies with top talent as well.

We’re currently in a closed beta phase catering to 80+ clients which include well-known names like Binance, CoinMarketCap, and Chainlink.

So far, we’ve facilitated 300+ interviews for our clients and accumulated $200k+ in referral bounties available for everyone to recruit to earn.

Traditional job boards, on the other hand, contribute to only 15% of successful hires despite generating $600 billion in revenue. Why?

Because they exclude users from economic gains and monopolize their data. This lack of incentives results in low engagement and stale data, leading to inefficient hiring cycles.

In the Web3 space, this problem is even more pronounced as talent is limited and fragmented across platforms like Discord and Twitter.

However, we’re solving these pressing issues and making it easy for companies to find top talent faster. Here’s how:

  • Strong user base: We leverage a 4M user base, 150 registered professional recruiters, and a world-class internal recruitment team to manage each client.

  • Our average candidate placement time is just 4 weeks, significantly outperforming the industry standard of 12 weeks. Each job posting attracts an average of 2,000 applicants.

  • Referral bounties: Companies typically pay 20–30% in recruiter fees. Our platform uses bounties ranging from $5K to $15K, saving companies an average of $15K per hire.

  • AI verification: We use AI to verify CVs for large application volumes, ensuring efficiency. Our internal team performs first-round quality checks and creates a tailored shortlist for each.

We’re joining hands with the biggest web3 companies

Our growth is also propelled by strategic partnerships with some of the most influential names in the industry.

TON blockchain

We recently built a viral mini-game called @BunnyBlitzApp

on the TON ecosystem where users can rank up from Baby Bunny to King Bunny and receive rewards.

Additionally, we received a grant from the TON blockchain to build a bounty-based job portal within a Telegram mini-app, launching in Q3 2024. This app will enable users to find jobs, expand their professional network, and refer qualified candidates.

OKX Cryptopedia

Bondex has partnered with OKX to launch a Cryptopedia Campaign, offering $200,000 worth of Bondex Tokens ($BDXN) to OKX’s 50 million users. This collaboration enhanced user engagement and introduced new users to Bondex’s Web3 professional network.

Chainlink Build Program

Bondex has joined the Chainlink BUILD program to accelerate the growth and adoption of its Web3 talent network. This collaboration will provide Bondex with enhanced access to Chainlink’s oracle services, technical support, and cryptoeconomic security.

Other notable partnerships include the ones with Matchchain and other projects like ANKR, Bybit, etc.

TLDR; We’ve partnered with some of the most prominent names in the industry.

Our Backers Invest Only in the Best

We successfully raised $4 million during the pre-seed and seed rounds from brands like Animoca and our personal network. Additionally, we secured $6.5 million through the Coinlist Launchpad.

This brings our total funds raised to nearly $10 million, including a Key Opinion Leader (KOL) round led by Morningstar Ventures.

We’re incredibly proud of being backed by these top-tier companies because in 2024 alone, other projects supported by these investors have experienced phenomenal token launches and rapid price surges.

For instance, Animoca’s project Pixels ($PIXELS) surged by 57.1x, while Morningstar Ventures’ backed Ta-da ($TADA) saw a 22x rise.

Since we’re continuously empowering our users through community-driven initiatives and delivering exceptional outcomes for companies, we’re on track to reach even greater heights.

Bondex is on the Path of Exponential Growth

Looking ahead, we have an ambitious roadmap to continue our growth and innovation, and become the largest SocialFi platform. Here are some things we’

Shifting into SocialFi

With over 500,000 monthly users, Bondex far exceeds the numbers of Lens Protocol (79.5k), Farcaster (152k), and Friends.tech(54k). This expansive user base is a testament to our platform’s appeal and the trust we’ve built within the community. We recognise that with such a large and engaged user base, the next phase is for us to build out the social layer to allow deeper interactions. Starting with profiles:

Adding Comprehensive profiles

People connect with other people and not just wallets. Current SocialFi platforms fail to recognize this and only focus on the on-chain profile. But we’re going a step further and building comprehensive profiles that integrate both on-chain and off-chain credentials and interests.

This approach allows users to showcase a fuller picture of their professional identity, foster deeper connections and more meaningful interactions.

Deepening the user experience

While other platforms cater primarily to a crypto-native audience, Bondex abstracts the complexities of Web3, offering a user experience similar to familiar Web2 platforms.

This strategic decision helps us attract a wider audience, making Web3 accessible to everyone, not just those well-versed in blockchain technology.

That’s not all. We’re working on more short-term and long-term goals — completing the TON mini-app, creating public professional profiles, rewarding users for daily interactions, and preparing for the next season of the airdrop.

We believe this approach will keep our user base engaged and help us evolve into a comprehensive social and financial ecosystem.

On a parting note, I only want to reiterate one thing: we will continue pushing boundaries and innovating.

We’re not going to stop until we’ve redefined social interactions and networking, and built the largest democratized talent marketplace in the world.

Join the Bondex revolution

Here’s how you can join Bondex’s journey of shaping the future of professional networks and keep supporting us:

  • Download the app: Experience the Bondex platform firsthand by downloading our app from iOS or the Play Store.

  • Create a profile: Join our growing community by creating your profile on Bondex and earn Bond Points by completing the recommended tasks.

  • Follow us on social media: Stay updated with our latest developments on social media and join our Telegram and Discord to participate in exciting activities and unlock achievements.

  • Learn About

    $BDXN: Dive into our whitepaper to further understand the benefits $BDXN presents to our users.

We’re at the beginning of an exciting journey to $1 billion in growth. Join us, Bondins, as we continue reaching new heights!