summary: Bondly Finance (launched in September 2020) is an interoperable, transparent DeFi  protocol built on the Polkadot blockchain.
content: Bondly Finance (launched in September 2020) is an interoperable, transparent DeFi (Decentralized Finance) protocol built on the Polkadot blockchain which later moved on to the Cardano blockchain. It is described as a portable peer-to-peer exchange that enables trading across any chain, through any medium. It aims to bring agile and trusted DeFi to everyone and bridge the gap between decentralized escrow payments and traditional marketplaces providing services like cryptocurrency staking, atomic swap, a decentralized exchange (DEX), non-fungible token (NFT) marketplaces, etc. Overview Bondly was created on a Polkadot blockchain. It aims to drive DeFi (Decentralized Finance) adoption by solving current DeFi problems like increasing gas fees and interoperability between different blockchains. It also aims to create a trust for DeFi ecosystem as many of the new people entering into this space become victims of 'giveaway scams' and send their crypto's to people they don’t know for vague promises of more wealth. Bondly is not a core blockchain, it is the financial infrastructure solution that operates on top of existing blockchains that is designed to offer maximum value to consumers and institutions. Cardano On December 11, 2020, it was announced that Bondly would bridge its cryptocurrency into Cardano, while still supporting Polkadot. This comes as part of Cardano's roll-out of Goguen, which is a new protocol that allows decentralized applications to build and operate within Cardano's ecosystem. This was the first time a DeFi project was put on Cardano's platform. Tokenomics Bondly platform has introduced multiple tokens of different types and each has its own importance. BONDLY is a native token while Bondly Collectible Card Game (BCCG) is a collection of various Non-Fungible Token (NFT) tokens. BONDLY Token BONDLY Token is a utility token for the Bondly ecosystem. It is an ERC20 token created on the Ethereum blockchain. It is supported natively within the Polkadot ecosystem and Bondchain is listed as a candidate for a parachain slot within Polkadot. The BONDLY Token Generation Event (TGE) took place on December 8, 2020. It has a total supply of 1,000,000,000 BONDLY. Token Distribution The total supply of 1billion BONDLY tokens will be distributed as follows. | Beneficiary | % of Total Supply | Amount (in BONDLY) | | ----------- | ----------------- | ------------------ | | Community Bonding (Seed round, Partners (P1, P2), Pre Offering, Public Offering) | 22.26% | 222,620,759 | | Other Allocations (Founders, Team, Advisors, Reserve, Dex Liquidity, BCCG and staking Rewards) | 17.0% | 170,000,000 | | Bondly Ecosystem (vested over 36 months) | 18.6% | 186,000,000 | | Liquidity Pools and DEX such as Uniswap on release | 0.5% | 5,000,000 | | Rewards for Taking and Liquidity Providers | 40% | 400,000,000 | | Burned after Token Generation Event | 1.64% | 16,379,000 | Bondly Collectible Card Game (BCCG) BCCG is a fully digital, NFT-based, collectible card game that adds immense utility, educates about Bondly's products, and incentivizes gamers to participate in Bondly ecosystem. Each card in the universe (Bondverse) will be based on one of the Bondly Family Products. Each card will describe the purposes and features of that Bondly product while the art will personify those features. The first set was released on Nov 3, 2020 and 2nd set was introduced November 15, 2020. The BCCG cards are typically categorized as Heroes and Villains. | Set | BCCG Card type | | --- | -------------- | | 1 | Isekai | | 1 | Gothic Horror | | 1 | Thirller | | 2 | Magical Girl | | 2 | Comic Superhero | | 2 | The SeVerers | BCCG Sale BCCG sale (set 1) went live on November 2 ,2020, UTC-4 (10 AM EST) with 15 unique cards priced at 0.5 ETH per card and 2.5ETH per card for purchasing a set. The sale had total 750 cards on offer. The total BCCG items being sold out within six hours of launch, the launch generated over 375 ETH in trading volume, more than 45,000 social mentions. These first edition card buyers will receive a free airdrop of $BONDLY tokens, which can be used to cover a total of ten premium tournament entries. On the Token Generation Event (TGE) of the BONDLY token, the wallet holding the card will receive 5k BONDLY (enough for 5 premium tournaments). After 30 days, a snapshot will be taken and whoever is holding the card will receive another 2.5k BONDLY tokens. After an additional 30 days (60 days since TGE), a snapshot will be taken and the holder will receive the final 2.5k BONDLY tokens. BCCG 1st Edition cards allow community members to become VIPs in the BONDLYVERSE, resulting in rewards, access to gaming tournaments, and many other benefits. BCCG Tournament The BCCG Tournament includes battles between BCCG Card holders. The game is similar to games like Battle Royale or Last man standing where only one can survive, as the game progresses and becomes a winner eventually. The game has a set amount of players fit into 1v1 ladder brackets. They compete on the basis of BCCG cards and ultimately one emerges as the winner. The Game framework has the following rules. 1. Each card operates as a pass to enter a tournament ladder system of 6 to 24 participants. The type of card used to enter must be unique compared to other contestants within that tournament . 2. There are two types of tournaments - Free and Premium. The Premium Tournament requires Bondly tokens to participate . The tournament rewards differ by type of tournament. 3. The battle works in a very similar way to ’challenges’ within G-Loot where the outcomes for each game determine the winner. There are no fundamental benefits that one card will provide over another for the tournament, but there will be specific tournaments that will require that you hold a card of a specific set in order to enter (eg “Thriller Tournament”) 4. The rewards for bracket winners will vary and will include (but not be limited to) BONDLY Tokens, partner tokens, Special Edition (Not Available for Purchase) NFT cards, specialty NFT from Bondly partners network and more. Products & Services BONDLY Staking Bondly team announced Bondly token staking service in a partnership with Ferrum Network. It went live on December 9, 2020 with an ultra-customized version of Ferrum’s staking technology. The Bondly Staking platform gives participants the ability to lock their tokens and earn high yields based on the length of time staked. It’s similar to a decentralized high-yield bank account, with maximum customization for projects and flexibility for participants. Bondly Staking is a customized version and it allows stake not only Bondly token, but also NFT tokens like their BCCG Card Game, and more. Currently, it allows Staking Your BCCG Hero and Villain NFTs. NFT Rewards Staking Reward Schematic In addition to BONDLY rewards, Bondly also gives NFT Rewards for each one of their staking contracts. Through this, the user can win their most rare, exclusive first edition BCCG card “Farzin” from the Isekai series. It is a Hero card and will come with its own utility within the BCCG game and the Bondly product ecosystem. This card will not be sole by Bondly Team. The only way to earn this RARE NFT is through the BONDLY staking program. To Qualify for Farzin Card Airdrop users need to providing 3k BONDLY tokens in any one of the reward pools (staking or a liquidity pool) for the whole two weeks. If the user fulfills this, he /she will be eligible to win one of the 15 Farzin card drops. Staking Pools Staking Pools Bondly has created four types of rewards pools, all with their own unique characteristics. | Terms | VIP Staking | Gold Staking | BCCG Card Staking | Liquidity Staking 1.0 | | ----- | ----------- | ------------ | ----------------- | --------------------- | | Maturity Period | 60 days | 90 days | 30 days | 90 days | | Full Term APY | 40% | 40% | 0% | 105% | | Early Withdrawal Period | 30 days | 45 days | 1 day | 45 days | | Early Withdrawal APY | 0% | 0% | 0% | 40% | | Farzin NFT Distribution | 3 cards every 2 weeks | 2 cards every 2 weeks | 5 cards every 2 weeks | 5 cards every 2 weeks | | Size | 2 million BONDLY | 2 million BONDLY | Unlimited | Unlimited | | Contribution Period | 5 days or until filled | 5 days or until filled | 7 days | NA | | Eligibility | Only existing BCCG cardholders | Anyone | Anyone | Anyone | | Note | | | | Rewards will be split in BONDLY/ETH and BONDLY/USDT pair. | Liquidity Staking To perform liquidity staking, the user needs to provide liquidity in BONDLY either paired with ETH or USDT on the Uniswap exchange. Once the user provides liquidity in BONDLY-ETH or BONDLY-USDT, he will get LP pool tokens, that can be staked on Bondly's staking portal to earn rewards in BONDLY. BONDSwap (BSwap) BSWAP is a product of the Bondly Protocol that allows users to exchange any token or cryptocurrency to another token/cryptocurrency created on another blockchain. It basically provides an interoperable cross-chain facility, so that users can easily make require trades to maximize their gains. Generally over the counter (OTC) trades are performed by two parties that wish to exchange one cryptocurrency for another, or with fiat. A Decentralized Exchange (DEX allows for the anonymous exchange of cryptocurrencies, but it is generally limited to tokens operating on the same blockchain, typically Ethereum (e.g. ERC20 Tokens). For DEX, there is a liquidity problem as well. A centralized exchange allows cross-chain swaps, but they are susceptible to regulatory scrutiny and also potential hacks. Bondly is solving these problems through the creation of a Decentralized cross-chain Atomic swap architecture, BONDSwap (BSWAP). It allows pa