Cryptouniverse
3 min readOct 10, 2020

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BONDLY IN SHORT!!

BONDLY FINANCE!!

INTRODUCTION

  •  How cool will it be to use chat apps like (Telegram, Facebook etc.) to send and escrow digital assets by completely removing the middle man along with their heft charges. Yes! It’s completely possible with now. Thanks to “BONDLY”. Bye!! Bye!! OTC channels.
  •  It is basically Peer to Peer exchange that enables trading across any chain and is very transparent as activity happens on chain.
  • Bondly Protocol has three main components.
  • BONDSWAP (BSWAP):
  •  A cross chain swap Peer to Peer OTC trades via chat apps.
     At launch it will support only ERC20 tokens, NFTs will be added
  • after that. They are also planning to integrate major wallets and portfolio apps later.
  • BOND DEX:
  •  A cross chain DEX similar to 1inch exchange but with real assets (Not wrapped assets).
  • BOND PROTECT (BPROTECT):
  •  A marketplace for digital assets like NFTs, Social media accounts etc. Smart contract based with in- built features like escrow, recurring payments and payment protection.

. It acts as buyer protection by penalizing Vendor/ seller if they violate the sale condition by providing collateral to buyers.

. Both “BSWAP & BPROTECT” will be launched this year.

TEAM & PARTNERSHIPS:

 . Bond Smith (CEO): Ex- Director at PwC and Vice President at Shield Pay, Team lead at G.E, Managing partner at Shuttle Capital.

  •  Harry Liu (COO): Senior partner at Shuttle capital.
  •  Parker McCurley: CEO at Decent Labs.

PARTNERSHIPS:

  • Partnered with Om, DOS Network, Ferrum and recently CEO told they have 15 MOU in progress with market places that specialise in gaming, Domain sales, Digital businesses, Influencer Social Media sales etc. (Wowwww!!Keep an eye on them).

STRENGTHS:

  •  Both BSWAP and BPROTECT look really revolutionising especially with their launches planned for this year.
  •  Solid partnerships with Om, DOS Network, Ferrum Network etc.
  •  Both CEO and COO had previous Block chain experience.

. Market cap at launch is around 700k, which is very less for the

kind of project it is and with all the partnerships it has.

  • Tokens are deflationary as Team will buy back and burn with fee
  • generated Via BPROTECT and BSWAP.

RISK & CONCERNS:

  •  Since BPROTECT settles via contract and penalises sellers if they violate bond condition. What if tokens get released late by team and seller cannot fulfil the condition (which is not sellers fault in this case). Hope Team has plans for uncertain cases like this.
  •  What if chat apps like Telegram gets hacked?

CONCLUSION

  •  Project is revolutionary. Both BSWAP and BPROTECT can be really big one solving the OTC problems and other targeting the marketplaces. Not forget their cross chain DEX.
  •  Team looks really strong with past Block chain experience and already having some good partnerships and MOUs in place.
  •  Small Market cap and Deflationary tokenomics is really good for holders both Short and long term.
  •  We are trying to definitely invest in this project and will hold for long term as it really looks like a multi-million market cap worth Project and excited for its Future!

.Bondly web: https://www.bondly.finance/

.our telegram: https://t.me/cryptouniverse77

.our twitter: https://twitter.com/cryptovc7?s=09

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Cryptouniverse

WE ARE A TEAM OF VC'S WORKING WITH BLOCKCHAIN BASED PROJECTS AND INVESTING IN THEM.