Backed Finance

. BKD is a token that will have many functions, especially on the Backed Finance platform. 

 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.

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.

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.

 Lots of startups have sprung up lately. However, only a few of these startups survive, this is because usually the main factor is financial problems, most of these startups initially received financial support from investors but over time they could not survive and had to close their businesses. This is very unfortunate because many of these startups are very potential and useful for the community. VC or angel investors also don't seem very helpful, because usually they only focus on profit, and in some cases these investors manipulate a company and make them go bankrupt.

Supported Finance: Getting Started With CompanyCoins

Emerging companies need to be supported because they can become the second Facebook or Twitter to bring innovative ideas and make them future market leaders. And because of that, Backed Finance designed a crypto platform that allows users to support multiple platforms and allows them to stay in the market. Users will be able to invest in companies like Reddit, SpaceX, or other companies, or they can invest in potential startups and keep them alive. Designed as a platform on which companies will be supported, Backed Finance is an innovative platform that not only supports companies but also provides benefits to users, because as the company grows, it will benefit CompanyCoins holders.

Competitive advantage

Backed Finance has a competitive advantage that makes it a decidedly better platform than VCs or angel investors. This can be seen from the various features it offers:

Invest in multiple companies: Supported Finance allows CompanyCoin holders to invest in multiple companies and profit from them.

Profit in line with the company's growth: Backed Finance will make it easier for users to be able to get profits in line with the growth of the company they invest in.

Fees for companies: Backed Finance will charge a 10% fee which will be given to startups as their reward.

Pegged to BTC: Supported Finance plans to peg BKD to BTC and will double it every 500K coins.

Helping startups: Backed Finance uses the power of the crowd to support startups. Thus, this startup will be able to develop and survive in the market.

Supported Financial Markets

The global investment market is very large and this has great potential to be explored, because as we know today many people are starting to become aware of investment and want to invest in potential companies. However, going through conventional channels will be complicated because users have to provide various documents and perform KYC before being able to invest in the market. Backed Finance sees this as an opportunity because in Backed Finance users do not need to provide various documents or KYC, because they will be able to invest in various companies easily using their digital wallet. Users just need to connect their wallet and invest the CompanyCoin they own and that's it.

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.”

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

Dan menanggapi hal tersebut, Backed Finance diluncurkan sebagai platform investasi yang akan memudahkan pengguna untuk berinvestasi di perusahaan favorit mereka. Berbagai fitur yang disediakan oleh Backed Finance seperti kenyamanan, keamanan, dan fleksibilitas, akan memudahkan pengguna yang ingin berinvestasi dalam sebuah platform. Backed Finance akan menjadi platform yang akan mendukung startup dengan token kripto yang memiliki nilai. Token yang disediakan oleh Backed Finance adalah CompanyCoin, ini adalah token yang akan menjadi katalis dan akan mendukung perusahaan di Backed Finance, misalnya SpaceX, Facebook, dll.  Token ini memungkinkan pengguna untuk dapat membeli token ini dan kemudian menginvestasikannya di perusahaan yang mereka inginkan, dan nantinya seiring berkembangnya perusahaan akan memberikan keuntungan kepada investor.

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.

Token Sale

It is planned that the $BKD Token will be sold through a token sale program that will be held in the future. By participating in this token sale program, users will be able to get $BKD Tokens at a lower price than before the token was launched on CEX/DEX and this will benefit users who hold early. To participate in this token sale program, users can read more details on the website and see more fully what requirements the user has to meet in order to purchase these tokens. And it will not be difficult to be able to buy the token.

Backed Finance builds a platform that allows users to invest in multiple platforms and profit from them. Backed Finance uses blockchain to allow users to invest on multiple platforms using CompanyCoins and users don't need to provide various documents or KYC when using Backed Finance, because that's not necessary. So with what Backed Finance has to offer, it will be a platform where multiple platforms will be supported and allow them to grow and survive in the market.

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.

Tokenomics

#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

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