Backed Finance

CompanyCoin is a reputation-based coin that goes up and down in value based on the number of coins in circulation.

 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 enable 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.

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.

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 an application like this is still considered burdensome for users, because users have to buy according to their 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 as the company grows it 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 a fundamental 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 the CompanyCoins is based on the value of the companies they represent — if the value of the company increases, the CompanyCoins also increase. 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 cryptocurrency. They are equally liquid, so if you decide you want to cash out 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 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 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.

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 too long, speculation about the next big startup has been reserved for a certain number of 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 predictions, so I decided to build a solution.

“Supported allows you to speculate on 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 a fundamental 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 the CompanyCoins is based on the value of the companies they represent — if the value of the company increases, the CompanyCoins also increase. 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 cryptocurrency. They are equally liquid, so if you decide you want to cash out 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 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 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.

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 a fundamental 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 the CompanyCoins is based on the value of the companies they represent — if the value of the company increases, the CompanyCoins also increase. 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 cryptocurrency. They are equally liquid, so if you decide you want to cash out 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 your 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.

Detail Token

Conclusion

Backed clearly offers something unique in the investment field, and provides a solution for investors wanting 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 are usually closed unless you have deep pockets.

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

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

Link

Website:    https://backed.finance/
Twitter:    https://twitter.com/BackedTeam

Username: Irshan Link: https://bitcointalk.org/index.php?action=profile;u=2978991