How does the decentralized recruitment platform Bondex break the dilemmas of traditional platforms?

Author: 1912212.eth, Foresight News

Talent recruitment globally can be broadly divided into two types: acquaintance recommendation and recruitment platform apps. The former relies on trust, while the latter depends on screening. Generally, when a company recruits talent, it often pays high fees on multiple recruitment platforms to obtain resumes and other information, followed by extensive screening by HR, which is time-consuming and labor-intensive. In contrast, acquaintance recommendations can save costs for companies, as there is trust from acquaintances as a backing.

Since everything can be decentralized in the Web3 world, why can't talent recruitment be? Bondex integrates traditional recruitment with acquaintance recommendations and shares referral rewards and platform profits with users.

Recently, Bondex completed a $4 million financing round, with participation from Animoca Brands and others. Additionally, at the end of March this year, it launched a public sale on CoinList, raising over $6.5 million at a price of $0.08 per token.

What is Bondex?

Bondex is a decentralized talent network supporting Web3, creating a decentralized talent marketplace that allows Web3 natives and newcomers to find job opportunities.

Bondex incentivizes all users through tokenized rewards, allowing users to take on one or more roles: talent, referrer, recruiter, or employer.

Bondex encourages users to actively participate in network growth through tokens, and importantly, users' network data no longer belongs to the platform but is owned and controlled by the users. Additionally, it enhances the transparency and efficiency of the recruitment process through a value-sharing model, reducing recruitment costs.

Whether job seekers or recruiters, after logging into the recruitment website or downloading the app, they need to deposit BOND points to proceed with subsequent operations on Bondex. These points can be earned by filling out information or purchased directly. However, if resumes or information do not pass screening, or if the recipient rejects the request or does not respond within 14 days, or ultimately fails the screening stage, it will be defined as a failure, and BOND points will be deducted. These points have a certain weight in obtaining token airdrops.

Similarities and Differences in Differentiation

Basic operations are similar to traditional recruitment platforms

Unlike some Web3 applications, Bondex actively absorbs the advantages of traditional recruitment platforms rather than merely issuing tokens. Bondex has products available not only on PC but also on broader user channels, such as the Apple and Google app stores, where its app is officially launched. Bondex has also introduced BOND points as rewards for users completing their profiles, similar to traditional platforms, which can be used for resume recommendations, unlocking new features, etc.

In terms of user experience, it is indistinguishable from traditional recruitment websites, significantly lowering the adaptation threshold for new users.

It is worth mentioning that Bondex received donations in May this year and has developed a Telegram Mini application on TON, planning to officially launch it in Q3 of this year.

So, what are the differences?

Referral bonuses are clearly priced

Bondex introduces referral bonuses as incentives, allowing participants to earn fiat currency, stablecoins, or tokens. How does this differ from traditional Web2 giants? The answer lies in the scope; previously, only employees of giant companies were eligible to share referral positions, while Bondex opens the channels to everyone. Moreover, not all talents use multiple job-seeking apps, and some real talents may be hidden on Twitter, TG, etc. Now, users only need to share the link with referrers, who can apply through that link.

Additionally, previous referral bonuses for hiring were not transparent, while Bondex clearly prices all referral bonuses, increasing transparency and thus incentivizing users to promote.

As shown in the image, the positions will prominently display the referral success reward amount. This means that when a candidate successfully joins and becomes a full-time employee, they will receive that bonus.

Reducing recruitment costs

In traditional platform recruitment, recruiters need to spend considerable time and effort screening candidates, and they also have to pay significant membership fees to download resumes and access talent pools. When it comes to headhunting, the costs are even higher. Most of the fees go to third-party intermediaries. This does not mean they have no value, but the costs are relatively high.

Bondex focuses on the talent pool in the Web3 field, saving a lot of time for both job seekers and recruiters due to its sufficiently vertical positioning. Additionally, Bondex will utilize machine learning and an internal talent assessment team to review candidates' skills and match them according to the position, conducting tests and interviews to quickly help employers review and verify authenticity, thus reducing recruitment costs.

Platform revenue shared with users

Traditional recruitment platforms act as intermediaries, freely obtaining a large number of job-seeking users and resume information, but users do not receive any platform profits. In contrast, the information data is sold to employers for substantial profits.

Bondex launches its token and grants product governance rights to token holders. Bondex will use the product revenue to buy back the platform token BDXN from the open market and distribute it to users regularly, initially quarterly and gradually transitioning to monthly. The revenue sources for BDXN include:

• In-app payments
• Company membership fees
• Promotional income
• Traffic and advertising revenue
• Bounties
• Premium user membership fees

The tokens users ultimately receive will be airdropped based on three factors: user credit score, quality and frequency of interactions within the network, and the number of locked tokens.

Token Economics

The total supply of the platform's native token BDXN is 1 billion, with 7% for the angel round, 3% for the seed round, 8% for the public offering round, 10% for liquidity/market making, 4% for advisors, 16% for the team, 28% for ecosystem rewards, 18% for the treasury, 4% for marketing, and 2% for airdrops.

The minimum criteria for users to receive airdrops are: completing personal profile information, uploading a resume, inviting and successfully registering 3 contacts, and using the platform for 3 months. The airdrop claim date will be the TGE date of BDXN, specifically on July 10. At the same time, the official announcement states that a well-known exchange will go live on that day.

The utility of the BDXN token includes three aspects: first, value redistribution (through user airdrops and Bond point transactions) and locking; second, granting governance rights to holders; and third, generating revenue for users.

Bondex reveals in its official white paper that, in addition to the aforementioned plans for token TGE and distribution, it will also create on-chain professional identities, add discovery features, messaging sections, educational markets, and news information streams.