Backed Finance

BKD is the native token of the Supported platform which will serve as a utility token that users can purchase from supported exchanges.

 Backed Finance is an innovative investment platform as it allows its users to easily invest in companies without any hassle. Users will be able to invest the company coins they hold in the companies they want and later they will profit from it. So it is hoped that Backed Finance will become an investment platform that will support companies globally.

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 backing 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.

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 holds 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 Backed tokens across the DeFi ecosystem as well as migrate them to other chains over existing bridges.

  Investors and VCs are two parties in the investment world who help companies globally to thrive and survive in the market. These parties help the company to grow but can also be a frightening specter for the company because they can easily manipulate the market and bankrupt the company in no time. This kind of thing has happened a lot in the market and it is not surprising because this kind of practice is common and small companies can do nothing about this manipulation. And because of that, many companies today, especially startups, make safe investments from only a few parties to be able to avoid things that are not desirable.

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 the 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.

Because as it is known that many companies in today's market need financial support from global investors and often companies are caught in the trap of VC or angel investors that make their companies go bankrupt. And here we need a global investor war that will allow them to be able to invest their tokens in a company and this will later help the company to continue operating and growing in the market. Thus, it will help companies globally to be able to seek financial support to assist operations and development.

Users will find it easier to invest because they will be able to invest in companies they can't even invest in. Thus, this will enable them to be able to support the company in surviving and this company can then grow and provide high profits to users.

How does Support work?

Supported allows anyone to speculate on the future of private companies by buying and selling their CompanyCoins on the Supported platform.

CompanyCoin is a reputation-based coin that fluctuates in value based on the number of coins in circulation.

In a similar vein to the stock market, the price of a particular CompanyCoin is based on the number of coins in circulation and the demand for a particular company.

If more people buy into a particular company, its value goes up, whereas the opposite happens.

You need to make a minimum purchase of $50 but the promised liquidity means you can resell coins at any time.

The BKD token, which has a fixed supply of 6 million, is hosted on the Binance Smart Chain and launched in June 2022 with a starting price of $0.40 USD.

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 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.”

Tim

Supported Finance is made up of professionals and experts in their field who have years of experience in platform development and in the global crypto market. The team collaborated together in developing an investment platform that users globally could easily and safely use. With this collaboration, users will be able to use an investment platform that will make it easier for them and provide maximum profit.

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.

Detail Token

BKD is designed to be a token that will provide ecosystem stability, as well as a token that will be used for platform development. The advantage of owning this token is that users can invest in the operation and development of Backed Finance and then they will be rewarded for it. Users can manage all their BKD tokens via a blockchain wallet or any wallet that supports the BEP-20 protocol.

Detail Token

Last words

Users need a platform that will make it easy for them to invest and profit from their favorite companies. And Backed Finance can be a solution to this by offering users a platform that will make it easy for them to invest in various companies at the touch of a finger. Backed Finance provides features that allow users to invest without the need for KYC or providing various very complicated documents. With Backed Finance, users just need to invest their CompanyCoins in their favorite companies and they will benefit from their investment as the company grows.

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

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

by burning link: : https://bitcointalk.org/index.php?action=profile;u=2647348