Bondly: Transparency Report
The Bondly project is rapidly scaling with new partnerships, advancements to our product lines, and new token distribution models. We’re elated at the response we’ve received from our community and partners so far, and today, we’re excited to release our Transparency Report to our community, partners, and ecosystem.
Our Transparency Report includes highlights of Bondly’s unique token distribution methodology, our commitment to long term growth, and our plans to empower the rapidly growing Bondly community through our eco-system of products.
We have some important updates to share with our community as we are heading into our Token Distribution Event.
Our Token Ecosystem:
The Bondly Token Emission Schedule will rely on lock-up and vesting schedules across the entire Bondly family. This includes team-members, advisors, and founders. We do this to show our commitment the longterm vision and growth of our ecosystem.
Bondly’s Supply Overview:
Highlighted below in our Token Schedule Map are the Vesting and Unlock Schedules for the Bondly Ecosystem and its Related Channels.
Changes to Our Community Rounds
Changes to our Community Rounds include updated Circulating and Total Supply amounts, alongside the introduction of the Bondly Collectible Card Game, which will unlock new token distribution models for the ecosystem.
BCCG is a fully digital, NFT based, collectible card game that adds immense utility, educates about our product family, and incentivizes gamers to participate in our ecosystem.
As we’ve made a changes to our community rounds, we wanted to make an effort for full transparency of the Bondly Token Supplied which is outlined below.
The Bondly Initial Circulating Supply has been updated to: 57,463,690
The Bondly Total Supply is: 1,000,000,000
Based on the introduction of BCCG and the feedback from our advisors we have decided to take the following set of actions. Ultimately, there will be a burn of approximately 16.379m $BONDLY tokens, resulting in a slight reduction in both the initial and total supply of $BONDLY tokens. Please bear with us as we make these updates to our metrics.
- We have reduced token allocations from various rounds (as listed in the Bondpaper) and are using a portion as rewards for the BCCG. The remainder that is unused will be burnt following the mint.
- We will be reducing the total initial circulating supply by <1%
- We will be reducing our total raise by approximately 79k USDT
- We still plan on doing an IDO for our final round. More details will be provided soon.
Bondly Lock-Up and Vesting schedules:
Founders:
- 12 month lock up
- 12 month vesting schedule
- Total Supply 100M tokens (10%)
Advisors:
- 12 month lock up
- 12 month vesting schedule
- Total Supply 30M tokens (3%)
Team:
- 12 month lock up
- 12 month vesting schedule
- Total Supply 40M tokens (4%)
Reserve:
- 36 month vesting schedule
- Total Supply 18.6M tokens (18.6%)
Dex Liquidity:
- Total Supply 5M tokens (5.0%)
Staking Rewards:
- Total Supply 400M tokens (40%)
The Bondly team will continue to focus on the technology of the Bondly platform and family of products, while reassuring the community of our long term commitment to growth. The Bondly team looks forward to showcasing more of Bondly’s roadmap in the coming weeks, and we’ll leave you with one more visual of the token emission over the next few years.
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 DeFi products are designed to be a part of everyday buying and selling activities, giving peace of mind for swap or online purchases. Our product BProtect 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.
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