Backed Finance

Backed Finance is a gateway for tokenized shares and equities on the blockchain.

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Anyone interested in investing at some point will be kicking themselves for not being able to put money into an exciting new startup.

In the UK, to be classified as an angel investor, you need an annual salary of at least £100,000 or net assets, excluding property and pensions, in excess of £250,000.

This automatically excludes many people who would otherwise be interested in investing in startups with exponential growth potential.

However, Backed hopes to solve this problem by bridging the gap between small investors and attractive private companies.

Supported was the brainchild of Lee Betts, who launched the platform after being frustrated at not being able to invest in a company that later experienced a 20x increase in valuation.

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 an application like this is still considered burdensome for users, because users have to buy according to their 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 tokens provided by Backed Finance are CompanyCoins, these are tokens 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.

Table of contents

Getting Started Supported

How does the platform work?

Do you have equity?

Why is Supported launched?

Conclusion

Getting Started Supported

Signing up for a Supported account is very simple and you will be up and running without too many hurdles.

You do need to submit an ID form for verification purposes and to comply with AML/KYC regulations, but once this is done you are ready to start investing.

You will need to connect your Metamask wallet to an app that will allow you to fund your account with BKD tokens which you then use to buy CompanyCoins at any business you like.

At the time of writing, the listed companies include SpaceX, TikTok, OnlyFans, Twitch and GitHub. There are also a lot of lesser known companies as well.

Sign up for a Supported account now and get $100 of free BKD tokens when you spend $50 or more.

GET SUPPORT

Supported crypto investment finance Few company options available on the Supported platform.

How does Support work?

Supported allows anyone to speculate on the future of private companies by buying and selling their CompanyCoins on the Supported platform.

CompanyCoin is a reputation-based coin that goes up and down in value based on the number of coins in circulation.

In a similar vein to the stock market, the price of a particular CompanyCoin is based on the number of coins in circulation and the demand for a particular company.

If more people buy into a particular company, its value goes up, whereas the opposite happens.

You need to make a minimum purchase of $50 but the promised liquidity means you can resell coins at any time.

The BKD token, which has a fixed supply of 6 million, is hosted on the Binance Smart Chain and launched in June 2022 with a starting price of $0.40 USD.

Do I really have equity in the company I invest in?

The short answer is no. You won't actually own any equity in the company you invest in, but if the company claims their profile is backed 10% of your investment will be used to pay them in return.

The thinking behind this is that your investment will have a positive impact on the company which in the long run has the potential to increase the profitability of your investment.

Backed by investment finance cryptoSpaceX is one of the companies that Supported users can invest in.

Why is Supported launched?

Speaking to Crypto Advisory, Lee Betts-backed Founder summed up the inspiration behind the platform:

“For too long, speculation about the next big startup has been reserved for a certain number of 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 codeless 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.”

Conclusion

Backed clearly offers something unique in the investment field, and provides a solution for investors wanting 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 are usually closed unless you have deep pockets.

If interest in the platform increases, there is potential for healthy returns on both CompanyCoins and BKD tokens, which you can also buy and hold as an investment.

The Supported Team hopes to have the token listed on at least one exchange and/or Pancake Swap by Fall 2022 which means the growth potential is high.

Backed offers a new approach to investing and an approach that has proven successful among investors looking to find returns during difficult times in both crypto and traditional markets.

Link

Website:    https://backed.finance/
Twitter:    https://twitter.com/BackedTeam

Username: MohamedSalahh

Link: https://bitcointalk.org/index.php?action=profile;u=3122527

bsc wallet 0x27de5Ad79223714615c5DA41D074bEb5ffA6E326

#BKD # BACKED # COMPANYCOIN # DEFI #BSC # BSCGEM