Backed Native Token (BKD) can give Bitcoin a run for its money

The support gives a blockchain-based investment platform investors the opportunity to speculate about the future of private companies by buying and selling corporate coins.

Launched earlier this month, Backed is designed to allow users to invest in the private companies of their choice by buying and selling their original assets called CompanyCoins. In the same way as stocks and shares, the reputation of each corporate coin will be determined by the number of coins in circulation that results in rising and falling prices.

Lee Betts, founder of Backed, comments on the project:

“For too long, speculation about the next big start-up has been reserved for a select number of angel investors and VCs. Not anymore. Almost everyone can speculate about the future of their favorite companies by buying and selling their corporate coins.”

Backed aims to offer a decentralized platform where anyone can speculate about the future of private companies with as little as $ 50. By doing so, the platform hopes to offer a new approach to investing, so that users can find returns even during difficult times in both traditional and crypto markets.

Currently, on the Backed platform, users can purchase coins from companies such as TikTok, Twitch, Discord, SpaceX and more. Note, over the last thirty days, some of these companies have gone up 10 times despite the bear market.

At the heart of the project is the Backed token ($ BKD) used to buy CompanyCoins. Note that during the token launch, the price of $ BKD was linked to BTC. That is a total of 6 million BKD tokens. The backed team plans to distribute up to 5 million BKD tokens during the initial token sales phases. However, this will be done depending on market demand. The remaining 1 million tokens will be used by the financing team for various purposes, including marketing.

In the coming days, the team believes that the price of BKD will double compared to the price of BTC. Eventually, this price is expected to rise 500 times. Note that BKD is currently selling for a $ 0.40 token.

Betts added:

“The top 20 stock exchanges in the world have a total market value of around $ 100 trillion. If Backed can represent the majority of the private companies in the world, I do not see why Backed can not be an asset class of $ 10 trillion.”