Bondly Announces Token Buyback Program

  • At the end of each quarter starting Q1 2021, a % of Bondly’s net profits from off-platform NFT sales from that period will be used to buy back $BONDLY tokens from the open market and stored in a public wallet, the Bondly Vault.
  • Distribution and use of the tokens will be determined by $BONDLY holders and the Bondly community through a new governance process.
  • Bondly VIP members (owners of at least one BCCG card) will be invited to forward ideas for use of the Bondly Vault funds via a dedicated channel in the VIP Discord group. Each idea is recorded as a Bondly Vault Comment (BVC) ) for discussion amongst the group.
  • Following the discussions the most popular BVCs will be selected by the Bondly team and will be upgraded to a Bondly Vault Proposal (BVP) .
  • BVPs will be submitted to https://snapshot.org, enabling all $BONDLY holders to vote on which proposal(s) should be actioned.
  • The successful BVP(s) will be incorporated into Bondly’s roadmap and a delivery schedule submitted to the community.

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