LinkedIn rival Bondex raises more than $10 million to improve platform

Yesterday (June 19) Bondex completed a round of strategic financing, raising more than US$10 million.

Bondex financing situation

The funding comes from "more than $4 million in funding led by Animoca Brands, Morningstar, Dext Force Ventures, iAngels, and others," in addition to more than $6.5 million from "a community sale on CoinList in March 2024." .

What is Bondex

Bondex positions itself as a potential web3 competitor to LinkedIn, claiming to be a web3 replacement for LinkedIn.
Bondex redefines professional networking with a gamification platform that includes mobile apps and job portals focused on Web3, cryptocurrency, blockchain, NFT, Metaverse and gaming.
Bondex signals a shift toward a more inclusive and equitable professional network in the evolving Web 3.0 environment, in contrast to traditional, profit-monopoly centralized talent platforms.
Bondex changes the way we look at recruiting and networking, allowing users to be an employer, recruiter, talent, sales agent or all of these at the same time.
It incentivizes user engagement through tokenized rewards for professional behavior, including networking, skill development, referrals from friends and companies, job applications, and more. This novel approach offers users numerous opportunities to engage and participate in the Bondex recruitment economic value chain.

Bondex development status

Launched in August 2021, Bondex quickly became a LinkedIn disruptor with over 4.55 million downloads and over 500,000 daily active users.
Currently, Bondex has more than 470,000 users in the community and has 20+ recruitment partners, including Binance, CoinList, Chainlink, ANKR, Figment, etc.
In terms of user base, Bondex has become the largest and fastest growing Web3.0 professional network in the world.

Bondex team introduction

Ignacio Palomera, co-founder and CEO of Bondex, graduated from the University of Georgia and had previous experience at HSBC.
As a serial entrepreneur, Ignacio Palomera has extensive business experience.

BDXN will be listed

Bondex expects to launch its token BDXN on July 10 and list it on the world’s most popular exchange.
Details will be announced in the coming weeks.

Bondex partnership

Establish a partnership with Open Campus.
In this collaboration, Bondex will integrate Open Campus ID into its platform. This means candidates can now display their educational credentials directly on their profile, increasing transparency and trust in their professional abilities.
BDXN will be the first token included in EDUPool.

coinlive does not recommend job seekers to rely too much on Bondex

Bondex is a decentralized professional social networking and recruitment platform. Users must complete applications and hiring based on web3.
For users who are unfamiliar with blockchain and cryptocurrencies, using Bondex can be complicated. Users need to understand and manage encrypted wallets, private keys, etc. Users' professional data and activity records are permanent on the blockchain, which poses huge hidden dangers for some users.
Although blockchain technology protects user privacy to a certain extent, for job-seeking user groups who are new to blockchain. More likely to cause privacy leaks
There may be a risk of privacy leakage.
And Bondex is an open global platform. As more and more users flock to blockchain and cryptocurrency, job seekers may face more intense competition. This can make it difficult for some job seekers to stand out and land their ideal job opportunity.