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Backed Finance is revolutionizing retail investment. And that means there is a difference in the way retail investors invest in private companies. Through Backed, almost anyone can speculate on the future of their favourite private companies by buying and selling their company coin. Until now, there was no way for your average investor to speculate on companies. These companies may be Tiktok, Slack, Google etc.
Business Model
The term business model refers to a company's plan for making a profit. It identifies the products or services the business plans to sell, its identified target market, and any anticipated expenses. Business models are important for both new and established businesses. They help new, developing companies attract investment, recruit talent, and motivate management and staff.Established businesses should regularly update their business model or they'll fail to anticipate trends and challenges ahead. Business models also help investors evaluate companies that interest them and employees understand the future of a company they may aspire to join.
For Backed Finance business model template, private companies can create a free profile on Backed in minutes, and generate their own company coin which their users can buy and sell. Companies get a 10% gratuity fee on each trade, which allows them to raise funds without giving up equity. So the company earns as well as the private investor.
What are Company Coins?
So backing up,what are these Company Coins?These are tradable tokens on the Backed profile which you can be created by creating a profile. The price of each coin goes up when people buy and goes down when people sell.
To buy company coins, you first need to buy BKD, which is the Backed project native token, then swap it for company coins,then verify their identity and begin trading company coins in under 20 minutes. The minimum purchase is $50, and you can sell your coins back to the system at any time.
Get started today
Create an account and link your MetaMask wallet
Purchase BKD using BTC, ETH or USD
Buy the CompanyCoins of your favourite startups
What is the backed Token?
The token is based on the Binance Smart Chain, which is noted for fast transaction speed and low gas fees. There is a fixed supply of 6m BKD tokens. The token launch took place in June, with the price starting at around $0.40 and doubling for every 500,000 tokens purchased.
There will only ever be a maximum of 6 million BKD tokens available. As more people buy company coins, and more companies join Backed, demand for BKD will expand exponentially. This will drive the price up exponentially.
What Are CompanyCoins Useful For?
CompanyCoins are a new type of asset class that is tied to the reputation of a company and to the success of the BKD token. They allow you to speculate on the performance of a startup without needing an invite to their investment round. As a startup succeeds, gets more press and becomes more popular, others may purchase more CompanyCoins, which would increase the price and therefore value of your holdings. As CompanyCoins are also linked to the price of BKD, the more popular Backed becomes and the more the price rises, the more the value of your holding in both BKD and CompanyCoins will increase.
Company Rewards
Every time you buy a company’s coin, there is a 10% gratuity fee. That 10% is sent directly to the company's wallet and they get to keep it. That helps them grow, which in turn helps to drive up the value of your coins.
The CompanyCoin Supply Curve
CompanyCoins are naturally scarce. This is because as more people buy a profile’s CompanyCoin, the price of the coin goes up automatically at a faster and faster rate. This is known as a bonding curve.
The formula or “curve” for determining the price of a company’s coin is as follows. CompanyCoins are bought and sold with the BKD utility token.
BACKED FINANCE RESOURCES
https://backed.finance/
https://www.linkedin.com/company/backedteam/
https://twitter.com/BackedTeam
https://www.facebook.com/Backed.finance
https://bitcointalk.org/index.php?topic=5403653.0
https://backed.finance/litepaper
https://app.backed.finance/
https://backed.finance/airdrop
About the Author
Joseph Johns is a successful Emergency Medicine Physician and an ardent cryptocurrency and Blockchain connoisseur
Bitcointalk Username: Jaered
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2809533
Proof of Authentication
https://bitcointalk.org/index.php?topic=5411163.msg60829781#msg60829781
Wallet
0x45078C1A1253c50c5Faed9D6C682d0e65D71BA38
Telegram
@ikenna77
Seems a good stuff about investments
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Is Backed Finance tokens listed. By the way,its awesome
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I understand why its taking time to list,but we need it fast
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A good and promising project has a solid team no doubt
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I think backed is going to revolutionize investments
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