Backed, a blockchain-based investment platform is allowing investors to speculate on the future of private companies by buying and selling their company 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 native assets called, CompanyCoins. Working similarly to stocks and shares, the reputation of each company coin will be determined by the number of coins in circulation that result in the rising and falling of their prices.
Commenting on the project, Lee Betts, Founder at Backed explained:
“For too long, speculating on the next big startup has been reserved for a select number of Angel Investors and VCs. Not anymore. Almost anyone can speculate on the future of their favorite companies by buying and selling their company coin.”
Backed aims to provide a decentralized platform where anyone can speculate on the future of private companies with as little as $50. By doing so, the platform...
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