Backed Finance is a gateway for tokenized shares and equities on the blockchain. It is supported to issue tokens that represent the value of financial assets. For each token minted, Backed purchases the underlying asset (1-to-1) and holds it through a licensed custodian. Qualified token holders can exchange their tokens for the market value of the underlying asset.
Backed Finance is a platform that aims to be a platform that supports many companies globally in developing and surviving in the market. Allowing users to invest using tokens in companies listed on Backed Finance, will allow companies, especially startups, to get financial backing outside of their investors and they will be able to grow better in the future.
Backed Finance has a vision to become an investment platform that will support many companies globally with an innovative funding system and make it easier for investors to invest their money in potential companies. With a focus on innovative investment systems, Backed Finance will support companies to grow better and make it easier for investors to benefit from their investments.
Investors and VCs are two parties in the investment world who help companies globally to thrive and survive in the market. These parties help the company to grow but can also be a frightening specter for the company because they can easily manipulate the market and bankrupt the company in no time. This kind of thing has happened a lot in the market and it is not surprising because this kind of practice is common and small companies can do nothing about this manipulation. And because of that, many companies today, especially startups, make safe investments from only a few parties to be able to avoid things that are not desirable.
We chose to build Ethereum first, the most powerful crypto network today. This will enable our users to maximize the usability of Backed tokens across the DeFi ecosystem as well as migrate them to other chains over existing bridges.
Lots of startups have sprung up lately. However, only a few of these startups survive, this is because usually the main factor is financial problems, most of these startups initially received financial support from investors but over time they could not survive and had to close their businesses. This is very unfortunate because many of these startups are very potential and useful for the community. VCs or angel investors also don't seem very helpful, because usually they only focus on profit, and in some cases these investors manipulate a company and make them go bankrupt.
Supported Finance: Getting Started With CompanyCoins
Emerging companies need to be supported because they can become the second Facebook or Twitter to bring innovative ideas and make them future market leaders. And because of that, Backed Finance designed a crypto platform that allows users to support multiple platforms and allows them to stay on the market. Users will be able to invest in companies like Reddit, SpaceX, or other companies, or they can invest in potential startups and keep them alive. Designed as a platform on which companies will be supported, Backed Finance is an innovative platform that not only supports companies but also provides benefits to users, because when the company grows, it will benefit CompanyCoins holders.
Competitive advantage
Backed Finance has a competitive advantage that makes it a decidedly better platform than VCs or angel investors. This can be seen from the various features it offers:
Invest in multiple companies: Supported Finance allows CompanyCoin holders to invest in multiple companies and profit from them.
Profit in line with the company's growth: Backed Finance will make it easier for users to be able to get profits in line with the growth of the company they invest in.
Fees for companies: Backed Finance will charge a 10% fee which will be given to startups as their reward.
Pegged to BTC: Supported Finance plans to peg BKD to BTC and will double it every 500K coins.
Helping startups: Backed Finance uses the power of the crowd to support startups. Thus, this startup will be able to develop and survive in the market.
Supported Financial Markets
The global investment market is very large and this has great potential to be explored, because as we know today many people are starting to become aware of investment and want to invest in potential companies. However, going through conventional channels will be complicated because users have to provide various documents and perform KYC before being able to invest in the market. Backed Finance sees this as an opportunity because in Backed Finance users do not need to provide various documents or KYC, because they will be able to invest in various companies easily using their digital wallet. Users just need to connect their wallet and invest the CompanyCoin they own and that's it.
Why is Supported launched?
Speaking to Crypto Advisory, Lee Betts-backed Founder summed up the inspiration behind the platform:
“For far too long, speculation about the next big startup has been reserved for certain Angel Investors and VCs.
"Not anymore. Almost anyone can speculate about the future of their favorite company by buying and selling their company's coins.
“Two years ago I wanted to invest in Bubble, a no-code platform. I emailed the Founder and asked if I could invest, but he said they didn't raise.
“18 months later, they raised $100 million, at a 20-fold valuation. I was so frustrated that I didn't profit from my predictions, so I decided to build a solution.
“Supported allows you to speculate on the future of almost any private company. Users can now buy Bubble company coins. I of course bought some myself.
“The top 20 stock exchanges in the world have a combined market capitalization of around $100 trillion.
“If Backed can represent most of the private companies in the world, I don't understand why Backed can't be a $10 trillion dollar asset class.”
Problem
Now it is not difficult to be able to invest in a company. With various investment apps available in the market, today's users can invest in any company they want like SpaceX, Facebook, etc. However, the convenience provided by applications like this is still considered burdensome for users, because users have to buy according to their wishes. needs. specified lot or they need to provide documents or KYC. Therefore, users need a platform that will make it easier for them to invest without the need for KYC or providing troublesome paperwork.
The solution
And responding to this, Backed Finance was launched as an investment platform that will make it easier for users to invest in their favorite companies. Various features provided by Backed Finance such as convenience, security, and flexibility, will make it easier for users who want to invest in a platform. Backed Finance will be a platform that will support startups with crypto tokens that have value. The token provided by Backed Finance is CompanyCoin, this is the token that will be the catalyst and will support the companies in Backed Finance, for example SpaceX, Facebook, etc. This token allows users to be able to buy this token and then invest it in the company they want, and later as the company grows it will provide profits to investors.
CompanyCoin is a security token that represents share ownership in a specific company on the Supported platforms. The company must be one that has successfully raised funds on Backed after meeting its fundraising goals. The digital asset is an ERC-20 token based on Ethereum, which means it has a standard set of features built into the code and can be freely exchanged for other ERC-20 compatible tokens such as BKD.
Token Sale
It is planned that the $BKD Token will be sold through a token sale program that will be held in the future. By participating in this token sale program, users will be able to get $BKD Tokens at a lower price than before the token was launched on CEX/DEX and this will benefit users who hold early. To participate in this token sale program, users can read more details on the website and see more fully what requirements the user has to meet in order to purchase these tokens. And it will not be difficult to be able to buy these tokens.
Summarizing
Backed Finance builds a platform that allows users to invest in multiple platforms and profit from them. Backed Finance uses blockchain to allow users to invest on multiple platforms using CompanyCoins and users don't need to provide various documents or KYC when using Backed Finance, because that's not necessary. So with what Backed Finance has to offer, it will be a platform where multiple platforms will be supported and allow them to grow and survive in the market.
Conclusion
Backed clearly offers something unique in the investment field, and provides a solution for investors looking to enter private companies that have the potential to generate huge profits.
This platform helps democratize investing by allowing the 'average' person to speculate on companies that normally close unless you have deep pockets.
If interest in the platform increases, there is potential for healthy returns on CompanyCoins and BKD tokens, which you can also buy and hold as investments.
Further information
Website : https://backed.finance/
Linkedin : https://www.linkedin.com/company/backedteam/
Twitter : https://twitter.com/BackedTeam
Ann Thread : https://bitcointalk.org / index.php?topic=5403653.0
Litepaper : https://backed.finance/litepaper
Open the App: https://app.backed.finance/
Airdrop : https://backed.finance/airdrop
Username : Mairacute
Link : https://bitcointalk.org/index.php?action=profile;u=3334914
wallet : 0x9758aabf2b323516C272e1B676131703790f87A7