Blockchain technology provides a way to record and manage assets in a secure, transparent, and immutable ledger. The main benefit of the blockchain for the energy sector is the ability for users to access and change information about their assets, such as: B. the generation capacity and other operational data, which allows users to verify their consent to each transaction. Blockchain also ensures that all parties know exactly who owns which assets on the network, and this mechanism ensures transparency and security. Also, all transactions become traceable, reliable, secure and faster without the need for a centralized entity that consumes more resources. On the other hand, backed finance is one of the innovative projects implementing blockchain in the global financial market.
What is backed finance?
Backed Finance is a blockchain-based platform focused on providing tools and investment tools to its users worldwide. They will present their DeFi network in combination with Launchpad, where it is also known as a decentralized finance protocol, which will change the traditional methods of yield farming by removing any kind of centralized entities like banks. Their platform is fully decentralized through blockchain technology, which' To eliminate all third-party fees, their platform focuses on providing opportunities by offering auto-staking. Mechanism that allows each user to grow their portfolio over time, their team will implement their unique algorithm for this network, which includes three different types of staking plans, each plan having different benefits (e.g.: Auto-Compound Staking Plan), moreover, they also offer an auto-liquidity system when participating in their network, where it ensures faster liquidity with more profitable profits.
Backed is redefining the future of decentralized finance by offering a unique mechanism, they will offer a decentralized financial asset where it rewards holders with a sustainable fixed interest rate compound. The supported team will introduce a sustainable way with auto-compounding mechanism where it offers unique rewards for each user in the network. It is implemented directly with the unique algorithm where every user in the ecosystem can easily access it through its platform and is directly operated with its algorithm creating a unique mechanism to provide sustainable value by also having a crypto launchpad integrated where it simplifies the listing process. It also features a burn-and-stake algorithm to ensure long-term growth.
market potential
Technology is constantly evolving and has disrupted many sectors of the economy, especially the financial market. Blockchain technology is the most revolutionary concept launched in the financial market, and the value itself has surpassed more than $1 trillion. This new platform allows any user on the network to easily and seamlessly conduct peer-to-peer transactions without the third party required for a centralized system. The impact of blockchain technology has touched many industries including aerospace and defense, finance and banking, insurance, transportation logistics and cryptography to name a few, and one of them is the backed finance protocol where it will redefine the future of the automatic compounding mechanism.
What Is Backed Token?
Backed Token or $BKD is a native token that designed by Backed Finance team to become utility token where it'll we be used for every process on the platform. This token backed by utility with tons of benefits. Every user can use this token for services on the network or just stake it and get reward from public pool. This token will also based on the blockchain network where it'll compatible with the smart-contract, thus ensuring automated process. Backed Finace team will ensure long-term planning for it's user by offering different features and benefits for every holders.
Conclusion
Backed finance is the first community currency that combines proven low-risk investment strategies with the cryptocurrency ecosystem. It offers a sustainable passive-income solution for anyone of any age, regardless of their level of wealth or income. Backed will combines the best aspects of traditional recurring investments with modern blockchain technology and artificial intelligence, enabling universal access to a lucrative market while greatly reducing risk, It's also offer new NFT & Play-To-Earn combination where every user can access it easily. Backed Finance have a great potential project with an innovative new concept and I hope you guys will become a part of it!
#BKD #BACKED #COMPANYCOIN #DEFI #BSC #BSCGEM @BackedTeam
More Information:
Web : https://backed.finance
Twitter : https://twitter.com/BackedTeam
ANN : https://bitcointalk.org/index.php?topic=5403653.0
LitePaper : https://backed.finance/litepaper
Linkedin : https://www.linkedin.com/company/backedteam/
AUTHOR
Bitcointalk Username: Johnwallet201
My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2285224
Telegram Username: @johnwallet201
My BSC Wallet Address (BEP-20): 0xC12c4ce6f433C2b39494aE9460055E76D828e34c
POA. https://bitcointalk.org/index.php?topic=5404523.msg60637339#msg60637339