Backed Finance

Backed Finance — A Platform That Makes It Easy for Investors

  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 BKD, which you can use to purchase a new type of asset called CompanyCoins.

Backed Finance is a gateway for tokenized shares and equities on the blockchain. It is supported to issue tokens that represent the value of financial assets. For each token minted, Backed purchases the underlying asset (1-to-1) and stores it through a licensed custodian. Qualified token holders can exchange their tokens for the market value of the underlying asset.

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

Backed Finance is a platform that aims to be a platform that supports many companies globally in developing and surviving in the market. Allowing users to invest using tokens in companies listed on Backed Finance, will allow companies, especially startups, to get financial support outside of their investors and they will be able to grow better in the future.

Backed Finance has a vision to become an investment platform that will support many companies globally with an innovative funding system and make it easier for investors to invest their money in potential companies. With a focus on innovative investment systems, Backed Finance will support companies to grow better and make it easier for investors to benefit from their investments.

Supported is a platform for creating, tracking, and investing in what we call CompanyCoins — assets that represent ownership in the company. The innovation is in the way this CompanyCoin is used. You can earn CompanyCoins by buying them with BKD, the native token supported. This BKD becomes locked into your account as long as CompanyCoin is owned by you. You can then use CompanyCoin to buy 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 stuff that hasn't even been created yet).

The goal is to create an ecosystem where more and more companies can provide their stuff through Supported instead of Google Play or iTunes or whatever other app store they have committed to. That means there's no fixed product list at the moment — it's something you can help build over time!. The first batch of CompanyCoins will be given away for free by selected companies who wish to get their products onto the platform as soon as possible.

Features provided by Backed Finance

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

• Genuine Cryptocurrency: users will be able to buy CompanyCoins provided by registered companies using BKD tokens owned by Backed Finance easily and safely.
• Token Launch: users will be able to see that in the ICO or token launch phase, the price of the BKD token will be directly pegged to BTC and double every 500K coins, which is meant to maintain the value of the BKD token.
• CompanyCoins: users holding 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.

All these features are presented in a user-friendly and responsive interface which can be easily accessed by users from their devices.  The team from Backed Finance designed this platform to be used by everyone, especially those who are novice investors who want to invest in potential companies, they can choose Backed Finance as their investment platform because by choosing Backed Finance they will get various benefits that they cannot get. . get it on other platforms.

Problem

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

The solution

And responding 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 tokens provided by Backed Finance are CompanyCoins, these are tokens that will be the catalyst and will support companies in Backed Finance, for example 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 along with the growth of the company will provide profits to investors.

To understand what CompanyCoin is, you must first understand how Backed fits into the blockchain ecosystem. Apart from 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.

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

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

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

The value of a CompanyCoin is based on the value of the company it represents — if the value of the company increases, the CompanyCoin also increases. You can think of it as a way to invest in a company's results without actually owning any stock in it.

You will be able to buy and sell CompanyCoins on Supported platforms, just like any other cryptocurrency. Both are liquid, so if you decide you want to cash out right away, 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 coins, as nothing is sent from one wallet to another.

There will be a fixed number of BKD tokens available for sale during the sale period for Backed Finance's native token, called BKD. Each BKD token represents Although Backed is still a young company, we are dedicated to growing sustainably 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 perks 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 BKD, which you can use to purchase a new type of asset called CompanyCoins.

The crypto world is full of new concepts, but Backed has his own twist on many familiar ideas. So let's break it down: Backed 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 this CompanyCoin is used.

You can earn CompanyCoins by buying them with BKD, the native token supported. This BKD becomes locked into your account as long as CompanyCoin is owned by you. You can then use CompanyCoin to buy 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 stuff that hasn't even been created yet).

Why is Supported launched?

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

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

"Not anymore. Almost anyone 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 codeless platform. I emailed the Founder and asked if I could invest, but he said they didn't raise.

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

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

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

“If Backed can represent most of the 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 stuff through Supported instead of Google Play or iTunes or whatever other app store they have committed to. That means there's no fixed product list at the moment — it's something you can help build over time!

The first batch of CompanyCoins will be given away for free by selected companies who wish to get their products onto the platform as soon as possible.

To understand what CompanyCoin is, you must first understand how Backed fits into the blockchain ecosystem. Apart from 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.

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

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

The value of a CompanyCoin is based on the value of the company it represents — if the value of the company increases, the CompanyCoin also increases. You can think of it as a way to invest in a company's results without actually owning any stock in it.

You will be able to buy and sell CompanyCoins on Supported platforms, just like any other cryptocurrency. Both are liquid, so if you decide you want to cash out right away, 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 coins, as nothing is sent from one wallet to another.

There will be a fixed number of BKD tokens available for sale during the sale period for Backed Finance's native token, called BKD. Each BKD token represents 1/Although Backed is still a young company, we are dedicated to growing sustainably 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 perks and discounts offered by companies on our platform.

To understand what CompanyCoin is, you must first understand how Backed fits into the blockchain ecosystem. Apart from 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.

The BKD token is unique in that it can be used as a utility token on our own platform, as well as traded on cryptocurrency exchanges. However, unlike most utility tokens that are used as payment for goods and services, BKD is a token with an underlying asset value:

You will be able to buy and sell CompanyCoins on Supported platforms, just like any other cryptocurrency. Both are liquid, so if you decide you want to cash out right away, 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 coins, as nothing is sent from one wallet to another. There will be a number of BKD tokens available for sale during the sale period for Backed Finance's native token, called BKD. Each BKD token represents.

While Backed is still a young company, we are dedicated to growing sustainably 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 perks and discounts offered by companies on our platform.

Tokenomics

Conclusion

Backed clearly offers something unique in the investment field, and provides a solution for investors looking to enter private companies that have the potential to generate huge profits.

This platform helps democratize investing by allowing the 'average' person to speculate on companies that normally close unless you have deep pockets.

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

Further information

Website: https://backed.finance/

Linkedin : https://www.linkedin.com/company/backedteam/

Twitter : https://twitter.com/BackedTeam

Ann Thread : https://bitcointalk.org / index.php?topic=5403653.0

Litepaper : https://backed.finance/litepaper

Open the App: https://app.backed.finance/

Airdrop : https://backed.finance/airdrop

Username ASHIYAP Link: https://bitcointalk.org/index.php?action=profile;u=2579404

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