Newquay, United Kingdom
Backed is an innovative startup based in the United Kingdom, established in 2022. It operates at the intersection of Blockchain, Crypto, and Fintech industries, seeking to democratize startup investment through its unique platform.
The company's slogan, "Back startups and benefit as they grow with CompanyCoins," encapsulates its mission to enable broader access to investing in private companies. On its platform, private companies can create free profiles and issue "CompanyCoins," whose value appreciates as more individuals invest.
Backed utilizes an automated market maker to facilitate swift transactions of CompanyCoins, with a 10% gratuity fee on purchases benefiting the issuing startups. Users must initially purchase the platform's native token, BKD, on the Binance Smart Chain before exchanging for CompanyCoins. With a cap of 6 million BKD tokens, scarcity is ensured, thus aligning token value with platform growth potential.
Currently, Backed has not received any disclosed investment, providing an enticing opportunity for potential investors to engage with a pioneering financial platform in its nascent stage.
