Bondly Price (BONDLY)

What Is Bondly (BONDLY)?

Bondly tries to make decentralized finance (DeFi) more accessible to everyday users through decentralized escrow payments and traditional marketplaces. It is a trusted, transparent and portable swap protocol that is designed to make a user into a marketplace.

Launched on Polkadot (DOT) in September 2020, the Bondly protocol offers an ecosystem of decentralized products that enable anyone to execute digital payments between peers. Bondly can also be communicated through any messaging service or social media platform.

Who Are the Founders of Bondly?

Bondly Finance was founded by Brandon Smith who also serves as the CEO of the company. Before launching Bondly, Smith was a managing partner at Shuttle Capital and vice president at Shieldpay. He also used to work as the director of digital strategy and risk at PricewaterhouseCoopers and as the analytics team lead at General Electric.

What Makes Bondly Unique?

BondSwap (BSWAP) is a core product of Bondly that offers wallet-to-wallet over-the-counter (OTC) trades that are executed by signing a smart contract. It supports portable smart links that can be sent via messaging apps or social media. It supports all ERC-20 tokens.

BondSwap allows users to sell large orders of low liquidity tokens with no risk of slippage. It also offers the option to buy assets using credit or debit cards via a third-party partner.

Bond DEX allows users to trade native assets on Polkadot with USDC on Ethereum and provides recommendations on the cheapest bridge transaction paths.

Bond Protect (BPROTECT) is another product from Bondly designed for the eCommerce market. It is a decentralized escrow and buyer protection system for customers in crypto-friendly markets. It enables selling assets that users do not yet have through OTC by staking collateral in the Bondly network.

Over-the-counter transactions involve a minimum of two parties and usually require a lot of trust between the participants. A seller can stake collateral and ensure that the buyer will receive an asset by a specified date or on a specified condition; if the agreement is violated, the collateral is forfeited and transferred to the buyer.

Vendors can stake collateral and earn staking rewards. If a vendor violates a sale condition, BOND collateral is provided to buyers as compensation. Each sale is recorded on-chain for transparency.

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How Many Bondly (BONDLY) Coins Are There in Circulation?

Bondly (BONDLY) has a circulating supply of 103,978,855 tokens as of March 2021 and no maximum supply data is available.

How Is the Bondly Network Secured?

Bondly runs on the Polkadot platform. It offers BondProtect, a feature designed to enable the trading of goods and services driven by smart contracts, ensuring a high level of security.

Where Can You Buy Bondly (BONDLY)?

Bondly (BONDLY) can be traded on the following exchanges:

• Uniswap (V2)
• Gate.io
• Bilaxy
• 1inch Exchange
• Hotbit

Read our in-depth guide to learn more about how to buy Bitcoin and other cryptocurrencies.