Backed Finance

Backed Finance is a platform that provides investment services to users globally.

 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. They are both 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.

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.

 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.

BKD koin coin-backed financial company

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.

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 token provided by Backed Finance is CompanyCoin, this is the token 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 as the company grows it will provide profits to investors.

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.”

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 these tokens.

Summarizing

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.

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 ; Ninejera link: https://bitcointalk.org/index.php?action=profile;u=2579434

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