Bondex Secures $10 Million Funding

The Bondex team, often compared to LinkedIn within the Web3 domain, has triumphantly surpassed $10 million in total funding with their recent investment round. The company disclosed that over $4 million of this amount originated from well-known investors like Animoca Brands, Morningstar, Dext Force Ventures, and iAngels.

Community Contributions Boost Fund

Additionally, Bondex revealed that $6.5 million was amassed through a community sale on CoinList in March 2024. Bondex aims to offer a gamified professional network that connects job seekers, recruiters, and companies. The platform is underpinned by the BDXN token, enhancing user engagement through referral rewards.

What Does the CEO Say?

Ignacio Palomera, Bondex CEO and founder, announced that most of the funds will be allocated to platform development to rival traditional networking sites. Bondex has secured partnerships with major names like Binance, Blockchain.com, Chainlink, CoinMarketCap, and Ankr. Yat Siu, co-founder and Executive Chairman of Animoca Brands, highlighted Bondex’s innovative approach to future recruitment in the Web3 space.

Key Takeaways for Users

Valuable Insights:

  • Bondex users can receive substantial referral rewards up to $10,000.
  • The platform’s BDXN token integrates financial incentives within the professional networking sector.
  • Strategic partnerships with major crypto entities strengthen Bondex’s market position.
  • Fund allocation focuses on platform enhancements for better user experience.

Investments in the Web3 sector are proliferating, particularly with the tokenization of real-world assets and the bullish momentum in the crypto market. This funding underscores the revival of interest in the Web3 domain, which has been gaining traction since the last bull run in 2021.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.