Introduction
Upcoming projects have been expected by a handful of people for a long time now. These set people are reserved for getting information about startups but this is going to change with the development of Backed. This innovation will permit everyone to support startups and profit by investing in them from the day of inception through Company Coins.
The Operations of Backed
The project, Backed, has a native token known as BKD. With BKD, users can purchase Company Coins; a recent asset developed. With BNB, registered users get to buy BKD.
BKD token has a total supply of 6 million which makes it naturally unavailable. At the first sale phase of the token, about 5 million of the BKD tokens are to be shared based on their demand. A balance of 1 million tokens is left by Backed developmental team to be used for transaction purposes. BKD initial cost will be 0.00001954125 Btc. When the token distribution gets to 500,000, unlike the cost of BTC, BKD will be twice as much. However, if the exact amount of total supply, 5 million tokens, is sold out at initial sale of token, it will cost 512x.
The objective of the Backed team by autumn 2022 is to stop the phase of token sale and her listed on a minimum of one exchange platform or the pancake swap. This permits users to either trade or sell, and deduct their BKD at will. When things get to this, BKD's cost price will directly be proportional to its request on the financial exchange used hence, the team implemented a technique; the atomic swap to make sure each BKD token bought via Backed website will get purchased through an exchange platform. This theory will maintain the speed of demand thereby increasing value and letting profits be taken early by investors.
Company Coins
On the Backed platform, every establishment owns a coin which can be bought and sold by anyone. These coins are known as Company Coins. To own a coin, all you have to do is create your profile. When a coin is bought or sold, the coin value goes up and down.
How To Buy A Company's Coin
Go through the company's profile and navigate their page. Search for buy and select the option. When you visit the leaderboard of a company coin or look for it, you can access their profile. Selling coins is made easier for users as they do not need to get a person to purchase their coins. Rather, backed system will repurchase the coins from users.
Uses of Company Coins
When a company's image is tied to a coin, particularly the feat of BKD token, it is referred to as Company Coins. These coins are new and classified as assets. With company coins, users are permitted to contemplate on startups delivery regardless of getting an invitation to investment meetings. The more an establishment succeeds, the more attention it gets. Many others begin to buy the token as the popularity grows. As a result of high demand, the cost of BKD will rise, and the worth of your Company coins, BKD token will as well. The constant increase in the price of BKD coins creates a bonding curve to show the upward progression of the platfrom.
The Company Benefits
Gratuity commission of 10% is given to users for buying a company coin every time. The percentage is forwarded to the wallet of the company for safe keeping. Through this, growth and value creation is reflected on yours.
Conclusion
Backed gives equal rights and opportunity to everyone so startups can be profited from. Success is not meant for specific persons in the society. Backed is an innovation for the success of every person associated with it.
USEFUL LINKS
Website: https://backed.finance/
Litepaper: https://backed.finance/litepaper
Twitter: https://twitter.com/BackedTeam
Linkedin: https://www.linkedin.com/company/backedteam/
AUTHORS DETAILS
Bitcointalk Username: Esty2281
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2737693
Bsc Wallet Address: 0xA181d93387DF684AD94D79f40E77E16f1BfE1a39