Bondly Announces Token Buyback Program

Bondly today has announced a fundamental change to the tokenomics of the project which will see profits from its business reinvested quarterly into $BONDLY token purchases. The purchased tokens will be stored in a public wallet (the Bondly Vault) and invested into areas deemed beneficial by the Bondly community.

The creation of a community governance model will determine how Bondly Vault funds are invested, giving $BONDLY token holders the power to determine the priorities for the project.

Brandon Smith, CEO of Bondly said: “We really value our community and want to make sure they share in our success. Today’s announcement demonstrates our commitment to our community, empowering them to make decisions and share in our successes both today and in the future as we continue to lead the way in the sector.”

What exactly is being proposed?

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.

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, 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.

Q1 2021’s buyback has now been completed. Proposal examples could include, but are not limited to, additional staking rewards, bounty programs, partnership opportunities, liquidity mining opportunities or token burns. BVPs are limited only by the imagination of our community!

About Bondly

Bondly is an interoperable, transparent and portable swap protocol designed to revolutionize traditional escrow methods and make everyone into their own digital marketplace. Our family of trust-enabling products is designed to be a part of everyday buying and selling giving peace of mind for swap or online purchases. Our product BondProtect is a Defi enabled eCommerce gateway specializing in integrating into your favorite online marketplaces very simply and easily with no integration fees, just staking tokens.Follow the latest updates on Bondly Finance here:

Website | Whitepaper | Telegram | Medium | Twitter | LinkedIn




Recommended from Medium

v5.3.5 — SendMax on all wallets

Introducing Revival, An Innovative IOST-based NFT Marketplace Launching in June 2021

Polygon wallets added to EtherDrops

Etheal’s post-ICO 2018 progress report and Q+A

A letter from the Metagame Arena team

The Everyday Cryptocurrency User Isn’t Here Yet

Hello, 2021!

An overview of SPECTRE - a blockDAG consensus protocol (part 2)

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store


More from Medium

Bondly Week in Review: January 24–28th

Community Event: Altura Exclusive Space on 1000Blocks

Convergence Discord AMA Recap — Jan 20, 2022