Backed

Backed

Back startups and benefit as they grow with CompanyCoins

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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.
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Launch tags:Investing•Crypto•Finance
Launch Team
AppSignal
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What do you think? …

Ryan Hoover
Product Hunt
I hate to be that guy but I'm curious: How is this legal?
Lee Betts
Backed
Maker
Hey @rrhoover, I appreciate you taking the time to look at Backed. I can understand why you'd think that at first, we've had that question a few times, but yes it is legal :-) To use the Backed platform, users purchase our native token BKD. Users then swap those BKD tokens for company coins, which do not represent equity in a company, they are reputational based coins. The users are betting on which companies will be most popular on our platform and which ones other users will want to buy. Happy to answer any questions you may have.
Ryan Hoover
Product Hunt
@leebetts got it! I see you also have a "company reward" dynamic which is very similar to BitClout's "founder reward".
Lee Betts
Backed
Maker
@rrhoover we do indeed :-) Our tokenomics are similar to Bitclout's, but our platform is fundamentally different. We're intent on not making the same mistakes they did.
Lee Betts
Backed
Maker
Thank you so much @bramk for hunting us 🙏 Hey Product Hunters 👋 It's a big day for team Backed For too long, speculating and profiting on the the next big startup has been reserved for big VCs and Angel Investors. Our goal is to change that. What is Backed? Backed allows anyone to speculate on the future of startups and private companies by buying and selling their company coins. Love how ambitious SpaceX are? Think Twitch is going to be huge? Love what Telegram stand for? Now you can back them by buying and selling their company coins. How can I get involved? We're giving away $100 worth of tokens to every product hunter that completes a few simple steps: https://forms.gle/7XVhtpdLD9TayrUd7
Archibald Buse
This is an awesome product, just bought my first coins! Looks like it could be an innovative shift from traditional investing. Congrats on the launch and good luck!
Joe Slack
Interesting. I have been on the platform and it all looks pretty neat. Great idea - it always annoys me that I can't invest in companies I KNOW are going to grow.
john vinton
Seems to be a great new option for an intriguing new way to invest. Looking forward to getting involved!
Nicholas
This violates the howey test and this is subject to security and crowdfunding regulations as per the SEC guidelines. Please review with your team
Lee Betts
Backed
Maker
@nicholas_harris1 do you have proof of this? We had an independent lawyer confirm in writing that our tokens are considered utility tokens and not securities