What is Bond’s economic model

Bond’s economic model revolves around the use of the BOND token to pay for the operation of a wide variety of oracle services in demand by smart contract developers and Bond social networks, as well as around using BOND as an incentive mechanism for encouraging the correct performance of oracle services and providing user assurances.

On the demand side, BOND is used to for payment of accessing oracle services. Node operators and community members will also be able to stake BOND in the future as a form of service-level guarantee around oracle node performance, providing a powerful incentive and penalty mechanism for Bond nodes to generate accurate and timely oracle reports.

The BOND Token represents a significant innovation in the world of blockchain technology. It can be used as gas fees for transactions across various blockchains.This facility greatly enhances user convenience and brings real value utilities, especially during cross-chain transactions, where seamless interaction between different blockchains is often a challenging process.