THE BAKED TOKEN(BKD): A NEW DECENTRALIZED PLATFORM
In exchange for the coins, the BKD you use to purchase them will be "locked" in your profile on the world's first decentralized platform. If you're selling coins, the profile will gladly purchase them from you based on the curve, locking in the BKD from previous purchases. Buying creates coins, drives up the price, and locks BKD into the profile, while selling destroys coins, drives down the price, and frees BKD. This is the same idea that drives protocols like Uniswap and Bancor, and is sometimes referred to as a "automated market-maker."
The supply of CompanyCoins is limited. This is due to the fact that the demand for a given profile's CompanyCoin causes its price to rise at an ever-increasing rate. Bonding curves are plotted to show the relationship between two atoms.
The following is the formula or "curve" that is used to ascertain the value of a company's coin. The BKD utility token is used to trade CompanyCoins. There will only ever be 6,000,000 BKD tokens in circulation, so they will be extremely valuable and difficult to obtain. Up to 5 million BKD tokens will be issued during the initial token sale phase. The remaining $1,000,000 will be used for marketing and/or retained by the company's original founders.
The Backed platform has its own native utility token, called BKD, which can be used to purchase a new type of asset called CompanyCoins; BKD is hosted on the Binance Smart Chain, and all transactions are visible in the public ledger.
Users with verified accounts can use BNB to purchase BKD.
When more people buy, the price of each coin rises, and when they sell, the price falls. Every time you invest in a company's coin, you'll have to fork over an extra 10% in tips. This 10% is retained by the business. It promotes their expansion, which in turn raises demand for your coins and thus their value.
Every time you invest in a company's coin, you'll have to fork over an extra 10% in tips. The ten percent goes straight to the business, and they keep it. Since their expansion boosts the value of your coins, you win both ways.
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