BACKED FINANCE; STARTUP PLATFORM FOR COMPANIES AND CRYPTO INVESTORS.
Backed finance is one and only platform designed with a vision encapsulated in developing companies and maximazing investors reward based on companies values tied to the ecosystem . The Mechanism put in place is unique and it will enhance ecosystem sustainability. The potential embedded in this project is far beyond mere promises or propaganda.. The real value of cryptocurrency is brought to daylight through this unique project.
WHAT IS BACK ABOUT?
BaCked finance is a platform that provides you the privilege of supporting / backing a startup company through a coin called companycoin. This is a wonderful way of investing and getting reward unlike primitive method of stock exchange where your fund only depend on companies growth. Your profit does not just depend on companies growth but also on the price of the coin. We will see more about this below.
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BKD
BKD is the native token of Backed finance ecosystem that serves various uses on the platform. It serve many purposes such as buying companycoin. BKD value depends on law of demand and supply. The more purchase on the platform leads to increase in price and vice versa. The price of BKD is also influenced by companycoin bought. When companycoin is bought, BKD is locked to the company profile. This Mechanism help reduce available coin thereby increasing the price. BKD can be bought using BNB.
COMPANYCOIN
This coin has a special function in Back finance ecosystem. This is a coin belonging to companies that had open a profile on the platform. This coin can be owned by anyone who has created a profile on the platform. To buy companycoin , All you have to do is tap buy on Company profile or search for them then tap buy on their profile.
The initial price of this coin is zero. The coin gets it’s value once an investor purchase the coin. This coin bought is minted (created) as soon as buying is initiated.
The coin can be bought with BKD token which will be locked on the company profile until the minted coin is sold . Once the minted coin is sold, the profile destroyed companycoin sold , then releases Locked BKD according to the current companycoin. The companycoin price depends on the level of demand, as company gain popularity and more investor invest on the company, the coin price goes up . It comes down when Investors begin to sell. Companycoin help start-up business to thrive by gathering momentum from it’s purchased coin. When a companycoin is bought, a gratuity fee of 10% is charged which is sent to companies wallet, through this the companies get fund to grow and expand their capacity.
TOKENOMICS
• Total supply 6,000,000 BKD
• Initial token sale: 5,000,000 BKD
• Marketing purpose/ founding team: 1,000,000 BKD
• Initial price: 1 BKD = 0.00001953125 Bitcoin
• Every 500,000 BKD distributed : 1 BKD = 2×current price.
BUYBACK MECHANISM
Back has a buyback Mechanism which will be used to buyback BKD sould out. BKD sould out will be bought via crypto exchanges .
BACKED FINANCE TARGET
• End initial sale
• List BKD on exchanges
• Pancakeswap
• Liquidity pool
• Initializing buyback Mechanism
CONCLUSION
Backed finance is an opportunity to all to have access to great startup companies that were left in the hand of the few. BKD is a revolution that brings greatness and investment opportunities to all without any form of biases. This decentralized system has brought equality to all in opportunity maximization. Don’t be left out take chance of this opportunity at this stage of this project.
USEFUL LINK
Website: https://backed.finance/
Lite paper: https://backed.finance/litepaper
App: https://app.backed.finance/
Twitter: https://twitter.com/BackedTeam
WRITER’S NAME: Joshua David
Bitcointalk Username: forever101
Bitcointalk Profile Link:https://bitcointalk.org/index.php?action=profile;u=3485510
Proof Of Authentication : https://bitcointalk.org/index.php?topic=5404523.msg60536142#msg60536142
BSC Wallet: 0x5C3ba341c60d34D544f6819887b07Ce0013c58Be