Backed Finance

kayesin (41)in #bsc • 2 years ago

What is Backed?

Backed is a financial solution that allows you to invest in startups and private enterprises from the start and profit as they expand. Backed has its own native utility token, BKD, which can be used to purchase a new sort of asset called "CompanyCoins." Backed's mission is to complete the initial token sale phase and list BKD on at least one exchange, letting users withdraw, sell, or swap their BKD as they see fit.
With backed, you can back startups at any time and liquidate your investment just as quickly. Backed offers fast and secure transactions without any charged fee.

What is BKD Token and what functionality does it serve?

BKD is hosted on the Binance Smart Chain with a limited supply of 6m tokens, and all transactions are publicly visible. CompanyCoins are a new asset that may be purchased, these are coins owned by each company that allow consumers to buy and sell and profit as they expand.
They can also be viewed as an asset class linked to a company's reputation and the success of the BKD token. They enable one to wager on a startup's performance without requiring an invitation to their fundraising round.

What are CompanyCoins?
Every business on Backed has its own coin. Every platform company receives its own coin, which anyone may buy and trade. These currencies are known as "CompanyCoins," and you can have your own by simply creating a profile. When people buy, the price of each coin rises, while it falls when they sell.
Investors Benefits & CompanyCoin Acquisition
Every BKD sold on the website is repurchased from an exchange via an atomic swap method. This maintains high demand and drives up prices.
To own a companycoin, simply create a profile/account, attach your MetaMask wallet, and buy BKD using BTC, ETH, or USD.
To purchase CompanyCoins of your favorite startups, go to the company profile and click "buy" or the CompanyCoin leader board.
CompanyCoins are purchased and sold using the BKD utility token.

Benefits of CompanyCoins
When you purchase a company's currency, a 10% gratuity fee is deducted and paid directly to the company's wallet, which they keep. It expands, which helps to increase the worth of your currencies.
The price will begin at 0.00001953125 bitcoin, and for every token delivered, the price of BKD will double in comparison to BTC.
The price of CompanyCoins rises exponentially as more coins are purchased and the value of BKD rises.
The automated market maker-like system assists one in acquiring CompanyCoins at any moment.