Backed is a platform for creating, tracking, and investing in what we’re calling CompanyCoins — assets that represent ownership in a company. The innovation is in the way these CompanyCoins are used. You can get a CompanyCoin by buying it with BKD, Backed’s native token. This BKD becomes locked to your account for as long as the CompanyCoin is owned by you. You can then use the CompanyCoin to buy digital goods from the company itself, like apps, music, movies, games, or anything else available on the platform at some future date (yes, this includes stuff that hasn’t even been created yet).
To understand what CompanyCoins are, you first have to understand how Backed fits into the blockchain ecosystem. In addition to being a platform that enables companies to raise capital and provide returns to participants in the form of dividends, we’re also a platform that enables people to invest in those companies and receive CompanyCoins (called BKD tokens) in return.Backed Finance is a platform for issuing and funding new kinds of assets, called CompanyCoins. The Backed platform has its own native utility token, called BKD, that you can use to buy a new type of asset called CompanyCoins.
BKD tokens are unique in that they can be used as utility tokens on our own platform, as well as traded on cryptocurrency exchanges. However, unlike most utility tokens that are used as payment for goods and services, BKD is a token with a fundamental asset value: CompanyCoins.
The CompanyCoin is a security token representing an ownership stake in a specific company on the Backed platform. That company must be one that has successfully raised funding on Backed after meeting its fundraising goal. 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 exchanged freely with other ERC-20 compatible tokens like BKD.
The value of CompanyCoins is based on the value of the companies they represent — if a company increases in value, its CompanyCoin will, too. You can think of it as a way to invest in the outcome of a company without actually owning any stock in it.
You’ll be able to buy and sell CompanyCoins on the Backed platform, just like you would cryptocurrency. They’re just as liquid, so if you decide that you want to cash out immediately, you can do that. But if you believe in the potential of the company and want to see it through to success, you can hold onto your CompanyCoin for as long as you want. The only difference is that there are no transaction fees when you hold your coins, since there’s nothing being sent from one wallet to another.What sets CompanyCoins apart from other digital assets is that they are backed by real assets — CompanyCoin holders own a proportional interest in the Backed Finance is a new type of platform that lets people invest in companies the same way they would invest in cryptocurrencies. It’s built on blockchain technology, so you can feel secure that your money isn’t going to get lost or stolen.
There will be a fixed number of BKD tokens available for sale during the sale period for Backed Finance’s native token, called BKD. Each BKD token represents Though Backed is still a young company, we are dedicated to growing sustainably and creating value for our investors. We want to bring transparency to the financial industry, which is why we will be the first company to distribute CompanyCoins. In the future, CompanyCoins will act as an independent and tradable digital asset that will provide access to special perks and discounts offered by companies on our platform.
The value of CompanyCoins is based on the value of the companies they represent — if a company increases in value, its CompanyCoin will, too. You can think of it as a way to invest in the outcome of a company without actually owning any stock in it.
Website: Backed Finance is a platform for issuing and funding new kinds of assets, called CompanyCoins. The Backed platform has its own native utility token, called BKD, that you can use to buy a new type of asset called CompanyCoins.
The crypto world is full of new concepts, but Backed has its own twist on a lot of familiar ideas. So let’s break it down: Backed is a platform for creating, tracking, and investing in what we’re calling CompanyCoins — assets that represent ownership in a company. The innovation is in the way these CompanyCoins are used.
The goal is to create an ecosystem where more and more companies can make their goods available through Backed instead of Google Play or iTunes or whatever other app store they’ve already committed to. That means there’s no fixed list of products right now — it’s something you can help build over time!
The first wave of CompanyCoins will be given away free by select companies who want to get their product onto the platform as soon as possible.
BKD tokens are unique in that they can be used as utility tokens on our own platform, as well as traded on cryptocurrency exchanges. However, unlike most utility tokens that are used as payment for goods and services, BKD is a token with a fundamental asset value: CompanyCoins.
The CompanyCoin is a security token representing an ownership stake in a specific company on the Backed platform. That company must be one that has successfully raised funding on Backed after meeting its fundraising goal. 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 exchanged freely with other ERC-20 compatible tokens like BKD.
What sets CompanyCoins apart from other digital assets is that they are backed by real assets — CompanyCoin holders own a proportional interest in the Backed Finance is a new type of platform that lets people invest in companies the same way they would invest in cryptocurrencies. It’s built on blockchain technology, so you can feel secure that your money isn’t going to get lost or stolen.
You’ll be able to buy and sell CompanyCoins on the Backed platform, just like you would cryptocurrency. They’re just as liquid, so if you decide that you want to cash out immediately, you can do that. But if you believe in the potential of the company and want to see it through to success, you can hold onto your CompanyCoin for as long as you want. The only difference is that there are no transaction fees when you hold your coins, since there’s nothing being sent from one wallet to another.There will be a fixed number of BKD tokens available for sale during the sale period for Backed Finance’s native token, called BKD. Each BKD token represents.
Though Backed is still a young company, we are dedicated to growing sustainably and creating value for our investors. We want to bring transparency to the financial industry, which is why we will be the first company to distribute CompanyCoins. In the future, CompanyCoins will act as an independent and tradable digital asset that will provide access to special perks and discounts offered by companies on our platform.What sets CompanyCoins apart from other digital assets is that they are backed by real assets — CompanyCoin holders own a proportional interest in the Backed Finance is a new type of platform that lets people invest in companies the same way they would invest in cryptocurrencies. It’s built on blockchain technology, so you can feel secure that your money isn’t going to get lost or stolen.You can get a CompanyCoin by buying it with BKD, Backed’s native token. This BKD becomes locked to your account for as long as the CompanyCoin is owned by you. You can then use the CompanyCoin to buy digital goods from the company itself, like apps, music, movies, games, or anything else available on the platform at some future date (yes, this includes stuff that hasn’t even been created yet).
More 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 App : https://app.backed.finance/
Airdrop : https://backed.finance/airdrop
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Forum username: dark_sadow112
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BSC wallet address: 0x49F7aeeA5890381a3a13408415937035751B15aF