Magnus Webb's Contact Details

Magnus Webb's Company Details

Backed

Newquay, England, United Kingdom • 3 Employees
Internet

For too long, speculating on the next big startup has been reserved for the few.Not anymore. Backed allows you to back private companies and benefit as they grow with CompanyCoins.Any private company can create a free profile and their own CompanyCoin. The coin price goes up exponentially as more people buy in.With our automated market maker, you can buy and sell CompanyCoins in seconds.Every time you buy a company's coin, you pay a 10% gratuity fee. That 10% is sent directly to the company's wallet and they get to keep it. That helps them grow, which in turn helps to drive up the value of your coins.To buy and sell CompaniesCoins, you first need to buy our native token - BKD, which is hosted on the Binance Smart Chain. That can then be exchanged for CompanyCoins, which are held in your wallet.The supply of BKD is capped at 6m tokens, making it naturally scarce. During the ICO phase, the price of BKD will double for every 500,000 coins distributed.As well as increasing as more people buy in, the price of CompanyCoins is directly linked to the price of BKD, so as the platform grows, so does the value of your CompanyCoins!Set up a free account today, and back your favourite startups with Backed.