Bondly Growing Pains

Image for post
Image for post
bondly.finance

We understand that everyone was anxious and excited for the Bondly token to launch! We want to extend a big THANK YOU to the community for making it such a massive success!

While the launch was a success, several community members felt it unfair that the contract address was created 30 minutes before trading launched.

Here is why we made this decision as a team:

  1. Our liquidity partners needed time to input liquidity into Uniswap to support the trading pair. Without liquidity, the trading pair would not be ready for investors.
  2. We made the decision to distribute tokens to private investors before our official launch. As our private investors have provided us with the funding and strategic advice to get Bondly to where it is today, we felt it fair that investors receive their portion of unlocked tokens before trading started.

Upon seeing these options, we made the decision as a team to announce our token launch to EVERYONE at the same exact time. No one was notified about BONDLY trading by us and we were very clear with our community: Wait until the Official Announcement was made.

We understand that some of our community members feel the way we released the BONDLY Token was unfair. We are sorry that some feel this way. As a project focused on innovation and moving things forward, we understand that not everyone will be happy with the results.

As a team, we took a lot away from this event. We will be investing new and strategic ways to block bot activities. We will also be investing in Layer 2 solutions that can help with network congestion to make sure that these gaps in time don’t happen again.

All this being said, this is only the beginning for BONDLY. We have lots of announcements and news coming, so thank you for supporting!

If you’re interested in learning more about our TGE or our Staking, read this article.

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.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store