Backed Finance

BKD is a native token from a Supported platform that will serve as a utility token that users can purchase from a supported exchange.

 Backed Finance is a platform for issuing and funding new types of assets, called CompanyCoins. The Supported Platform has its own native utility token, called a BKD, that you can use to purchase a new type of asset called CompanyCoins.

Backed Finance is the gateway to tokenized stocks and equities in the blockchain. Supported to issue tokens that represent the value of financial assets. For each token printed, Backed purchases the underlying asset (1-to-1) and stores it through a licensed custodian. Eligible token holders can exchange their tokens for the market value of the underlying assets.

We chose to build Ethereum first, the most powerful crypto network today. This will allow our users to maximize the usability of Supported tokens across the DeFi ecosystem as well as migrate them to other chains via existing bridges.

Supported is a platform for creating, tracking, and investing in what we call CompanyCoins - assets that represent ownership in a company. The innovation is in the way CompanyCoin is used. You can earn CompanyCoins by purchasing them with BKD, a supported genuine token. This BKD becomes locked into your account as long as CompanyCoin is owned by you. You can then use CompanyCoin to purchase digital goods from the company itself, such as apps, music, movies, games, or anything else available on the platform in the future (yes, this includes items that haven't even been created).

Features provided by Backed Finance

Backed Finance with its innovation offers a variety of features that users can use easily from their various devices. For example, here users will be able to buy CompanyCoins from various companies listed in Backed Finance and later they will be able to profit as the value of CompanyCoin increases. And not only that, there are several other features of Backed Finance:

• Original Cryptocurrency: users will be able to buy CompanyCoin provided by registered companies using BKD tokens owned by Backed Finance easily and securely.
• Token Launch: users will be able to see that during the ICO or token launch phase, the price of the BKD token will be directly pegged to the BTC and doubled every 500 thousand coins, which is intended to maintain the value of the BKD token.
• CompanyCoins: users who hold these tokens will see that the value of their tokens increases as the company grows and more CompanyCoins are purchased and the value of BKD tokens increases.

The goal is to create an ecosystem where more and more companies can provide their wares through Supported instead of Google Play or iTunes or whatever other app store they have committed to. That means there is no fixed product list right now - it's something you can help build up over time !. The first batch of CompanyCoin will be provided for free by selected companies who want to include their products on the platform as soon as possible.

Problem

Now it is not difficult to be able to invest in a company. With the various investment applications available in the market, users can now invest in any company they want such as SpaceX, Facebook, etc. However, the convenience provided by such applications is still considered burdensome for users, because users have to buy according to their wishes. needs. lots specified or they need to provide documents or KYC. Therefore, users need a platform that will make it easy for them to invest without the need for KYC or providing troublesome documents.

The solution

And in response to this, Backed Finance was launched as an investment platform that will make it easier for users to invest in their favorite companies. Various features provided by Backed Finance such as convenience, security, and flexibility, will make it easier for users who want to invest in a platform. Backed Finance will be a platform that will support startups with crypto tokens that have value. The token provided by Backed Finance is CompanyCoins, this is a token that will be a catalyst and will support companies in Backed Finance, such as SpaceX, Facebook, etc. This token allows users to be able to buy this token and then invest it in the company they want, and later as the company grows will provide benefits to investors.

To understand what CompanyCoin is, you must first understand how Backed fits into the blockchain ecosystem. In addition to being a platform that allows companies to raise capital and provide returns to participants in the form of dividends, we are also a platform that allows people to invest in those companies and receive CompanyCoins (called BKD tokens) in return.

BKD tokens are unique because they can be used as utility tokens on our own platform, as well as traded on cryptocurrency exchanges. However, unlike most utility tokens used for payment for goods and services, BKD is a token with the value of the underlying asset: CompanyCoins.

CompanyCoin is a security token that represents shareholding in a specific company on a Supported platform. The company must be one that has successfully raised funds in Backed after meeting its fundraising objectives. The digital asset is an ERC-20 token based on Ethereum, which means it has a set of standard features built into the code and can be freely exchanged with other ERC-20-compatible tokens such as BKD.

What distinguishes CompanyCoin from other digital assets is that they are backed by real assets - CompanyCoin holders have a proportional interest in Backed Finance is a new type of platform that allows people to invest in companies in the same way as they invest in cryptocurrency. It is built on blockchain technology, so you can feel safe that your money will not be lost or stolen.

The value of CompanyCoin is based on the value of the company it represents - if the value of the company increases, so does CompanyCoin. You can think of it as a way to invest in the results of a company without actually owning any shares in it.

You will be able to buy and sell CompanyCoin on Supported platforms, just like any other cryptocurrency. They are both liquid, so if you decide you want to liquidate immediately, you can. But if you believe in the potential of the company and want to see it succeed, you can hold your CompanyCoin for as long as you want. The only difference is that there are no transaction fees when you hold the coin, as nothing is sent from one wallet to another.

There will be a fixed number of BKD tokens available for sale during the sales period for the original Backed Finance token, called BKD. Each BKD token represents Although Supported is still a young company, we are dedicated to sustainable growth and creating value for our investors. We want to bring transparency to the financial industry, which is why we will be the first company to distribute CompanyCoins. In the future, CompanyCoins will act as an independent and tradable digital asset that will provide access to special facilities and discounts offered by companies on our platform.

Website: Backed Finance is a platform for issuing and funding a new type of asset, called CompanyCoins. The Supported Platform has its own native utility token, called a BKD, that you can use to purchase a new type of asset called CompanyCoins.

The crypto world is full of new concepts, but Backed has its own touches on many well -known ideas. So let's explain: Supported is a platform for creating, tracking, and investing in what we call CompanyCoins - assets that represent ownership in a company. The innovation is in the way CompanyCoin is used.

You can earn CompanyCoins by purchasing them with BKD, a supported genuine token. This BKD becomes locked into your account as long as CompanyCoin is owned by you. You can then use CompanyCoin to purchase digital goods from the company itself, such as apps, music, movies, games, or anything else available on the platform in the future (yes, this includes items that haven't even been created).

Why is Supported launched?

Speaking to Crypto Advisory, Founder -backed Lee Betts summed up the inspiration behind the platform:

“For too long, speculation about the next big startup has been reserved for a certain number of Angel Investors and VCs.

"Not anymore. Almost everyone can speculate about the future of their favorite company by buying and selling their company's coins.

"Two years ago I wanted to invest in Bubble, a platform without code. I emailed the Founder and asked if I could invest, but he said they didn't raise.

"18 months later, they raised $ 100 million, with a 20 -fold valuation. I was so frustrated that I didn't profit from my predictions, so I decided to build a solution.

“Supported allows you to speculate about the future of almost all private companies. Users can now purchase Bubble company coins. I of course bought some myself.

"The top 20 stock exchanges in the world have a combined market capitalization of about $ 100 trillion.

"If Backed can represent most private companies in the world, I don't understand why Backed can't be a $ 10 trillion dollar asset class."

The goal is to create an ecosystem where more and more companies can provide their wares through Supported instead of Google Play or iTunes or whatever other app store they have committed to. That means there is no fixed product list right now - this is something you can help build up over time!

The first batch of CompanyCoin will be provided for free by selected companies who want to include their products on the platform as soon as possible.

To understand what CompanyCoin is, you must first understand how Backed fits into the blockchain ecosystem. In addition to being a platform that allows companies to raise capital and provide returns to participants in the form of dividends, we are also a platform that allows people to invest in those companies and receive CompanyCoins (called BKD tokens) in return.

BKD tokens are unique because they can be used as utility tokens on our own platform, as well as traded on cryptocurrency exchanges. However, unlike most utility tokens used for payment for goods and services, BKD is a token with the value of the underlying asset: CompanyCoins.

CompanyCoin is a security token that represents shareholding in a specific company on a Supported platform. The company must be one that has successfully raised funds in Backed after meeting its fundraising objectives. The digital asset is an ERC-20 token based on Ethereum, which means it has a set of standard features built into the code and can be freely exchanged with other ERC-20-compatible tokens such as BKD.

What distinguishes CompanyCoin from other digital assets is that they are backed by real assets - CompanyCoin holders have a proportional interest in Backed Finance is a new type of platform that allows people to invest in companies in the same way as they invest in cryptocurrency. It is built on blockchain technology, so you can feel safe that your money will not be lost or stolen.

The value of CompanyCoin is based on the value of the company it represents - if the value of the company increases, so does CompanyCoin. You can think of it as a way to invest in the results of a company without actually owning any shares in it.

You will be able to buy and sell CompanyCoin on Supported platforms, just like any other cryptocurrency. They are both liquid, so if you decide you want to liquidate immediately, you can. But if you believe in the potential of the company and want to see it succeed, you can hold your CompanyCoin for as long as you want. The only difference is that there are no transaction fees when you hold the coin, as nothing is sent from one wallet to another.

There will be a fixed number of BKD tokens available for sale during the sales period for the original Backed Finance token, called BKD. Each BKD token represents 1/Although Supported is still a young company, we are dedicated to sustainable growth and creating value for our investors. We want to bring transparency to the financial industry, which is why we will be the first company to distribute CompanyCoin. In the future, CompanyCoins will act as an independent and tradable digital asset that will provide access to special facilities and discounts offered by companies on our platform.

To understand what CompanyCoin is, you must first understand how Backed fits into the blockchain ecosystem. In addition to being a platform that allows companies to raise capital and provide returns to participants in the form of dividends, we are also a platform that allows people to invest in those companies and receive CompanyCoins (called BKD tokens) in return.

BKD tokens are unique because they can be used as utility tokens on our own platform, as well as traded on cryptocurrency exchanges. However, unlike most utility tokens used for payment for goods and services, BKD is a token with the value of the underlying asset:

 Company Coins.

CompanyCoin is a security token that represents shareholding in a specific company on a Supported platform. The company must be one that has successfully raised funds in Backed after meeting its fundraising objectives. The digital asset is an ERC-20 token based on Ethereum, which means it has a set of standard features built into the code and can be freely exchanged with other ERC-20-compatible tokens such as BKD.

What distinguishes CompanyCoin from other digital assets is that they are backed by real assets - CompanyCoin holders have a proportional interest in Backed Finance is a new type of platform that allows people to invest in companies in the same way as they invest in cryptocurrency. It is built on blockchain technology, so you can feel safe that your money will not be lost or stolen.

The value of CompanyCoin is based on the value of the company it represents - if the value of the company increases, so does CompanyCoin. You can think of it as a way to invest in the results of a company without actually owning any shares in it.

You will be able to buy and sell CompanyCoin on Supported platforms, just like any other cryptocurrency. They are both liquid, so if you decide you want to liquidate immediately, you can. But if you believe in the potential of the company and want to see it succeed, you can hold your CompanyCoin for as long as you want. The only difference is that there are no transaction fees when you hold the coin, as nothing is sent from one wallet to another. There will be a number of BKD tokens available for sale during the sales period for the original Backed Finance token, called BKD. Each BKD token represents.

Although Backed is still a young company, we are dedicated to sustainable growth and creating value for our investors. We want to bring transparency to the financial industry, which is why we will be the first company to distribute CompanyCoins. In the future, CompanyCoins will act as an independent and tradable digital asset that will provide access to special facilities and discounts offered by companies on our platform.

Tokenomics

Token Details

Conclusion

Backed clearly offers something unique in the field of investing, and provides a solution for investors who want to get into private companies that have the potential to generate huge profits.

This platform helps democratize investment by letting the 'average' person speculate about companies that normally close unless you have deep pockets.

If interest in the platform increases, there is the potential for healthy returns on CompanyCoins and BKD tokens, which you can also buy and hold as an investment.

#BKD # BACKED # COMPANYCOIN # DEFI #BSC # BSCGEM

Links

Website: https://backed.finance/

Twitter: https://twitter.com/BackedTeam

Username: Cilegond Link: https: //bitcointalk.org/index.php? Action = profile; u = 3198744