What Is Backed? The Decentralized Financial System For Private Companies

Backed Finance?
Backed is a decentralized financial system that lets verified users invest in loans and earn interest. , and uses a native token called BKD to power the platform.
Backed lets you back private companies and benefit as they grow. Backed is an innovative platform for betting on private companies, similar to a Kickstarter for startups. Backers can invest with CompanyCoins, which are purchased at a discount and paid out to backers as the company grows. This isn't a get-rich-quick scheme; this isn't a donation, either. Startup companies need constant support to push their ideas into the market, and Backed is a way to do that without writing a check. You're not buying stock or becoming an owner of the company—you're buying in at the ground floor as a supporter of the company, receiving CompanyCoins that you can use to purchase exclusive products or services from the company or sell them if you want to get your money back.
Backers can choose how much they want to spend on each investment and how many CompanyCoins they'll receive in return. They can also choose whether they'll receive their CompanyCoins right away or if they want to wait until the company reaches certain milestones (such as earning its first $100 million). This makes Backed both an investment strategy and an investment itself; it's easy for everyone to participate without worrying about insider knowledge.
Backed is the future of startup investing. It's a new kind of Kickstarter-style site, but rather than funding a product or service that already exists, Backed lets you back startups directly, and benefit from their success as they grow.
Backed's first partner is CompanyCoins, which has been around since 2011 and has already created over a billion CompanyCoins, with more in the pipeline. You can use CompanyCoins to buy products and services from any of the startups that accept them—or you can simply hold onto them, and see them grow in value as companies raise more money through Backed.

What makes CompanyCoins worth holding onto? Well, there are several ways to make money by holding on to your coins—you'll get dividends from any sales made with CompanyCoins (the rate varies according to the amount of profit made by the startups), and you'll also get a cut of any equity sales made when startups exit (i.e. they sell their company). And if you're lucky enough to pick a winner early on when it's still private and cheap (such as using our entrepreneur recommendation system), you could make an absolute killing by buying in right now.

How does it work?

THE BKD TOKEN
Backed Finance is a new platform that aims to bring blockchain and smart contracts to the financial sector. The company has created a new type of asset, called a ​CompanyCoin​, which can be purchased using BKD—the platform’s native utility token.

BKD will be used by verified Backed Finance users who want to buy CompanyCoins with BNB (Backed Finance’s official utility token) on the platform.

BLOCKCHAIN
The BKD token is used for purchasing and selling real estate, as well as for making payments in the BKD ecosystem.

BKD tokens are issued by the Binance Smart Chain and embedded in the blockchain.

The BKD token is not a security or currency, but rather an utility token that represents a share in the BKD ecosystem. The value of the BKD token is derived from its use as a medium of exchange within the Binance Smart Chain ecosystem.

Supply
Backed by a real business, BKD has created a unique and groundbreaking platform that allows anyone to invest in real businesses, while retaining their ownership of their token. This means that investors will receive real investment returns, not just speculative ones.

The supply of BKD is capped at 6m tokens, making it naturally scarce. During the initial token sale phase, up to 5 million BKD tokens will be distributed according to demand. The remaining 1 million will be retained by the founding team and/or used for marketing purposes. The price will start at 0.00001953125 Bitcoin (BTC), however it can be easily changed as per market demand during the sale as per our smart contract on Ethereum blockchain. For every 500,000 tokens distributed, the price of BKD compared to BTC will double. If we sell all 5 million tokens during the initial token sale, the price will 512x.

The pricing curve works during the initial token sale:

Summary
Backed is an innovative new system that is transforming the way people invest in loans. Backed uses blockchain technology to verify payments between borrowers and lenders, which allows for a decentralized lending system that removes the need for an intermediary or a middleman. When you invest in a loan on the Backed platform, you’re paid interest directly from the borrower. You only have to trust the borrower and Backed—no one else. BKD tokens are used to power this decentralized lending system. BKD tokens are also used as collateral when you set up your loan portfolio on the platform, and they can be used as payment for loan origination fees.

More 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 APP : https://app.backed.finance/
AIRDROP : https://backed.finance/airdrop

Author
Bitcointalk username: adoe
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1405621
BSC Wallet Address: 0xd98AE90926E9e8fCCf32004950A02C2D341E61A7