What is BACKED COINBASE GLOBAL(BCOIN)?

Basic information about BCOIN

Coin name:

Backed Coinbase Global

Coin symbol:

Coin introduction:

What is the project about? Backed brings real-world assets (RWAs) such as stocks or ETFs to blockchain rails. For example, our product bCOIN is a tracker certificate issued as an ERC-20 token. bCOIN tracks the price of Coinbase Global Inc. and it is designed to give eligible cryptocurrency market participants regulatory-compliant access to the stock price of Coinbase. What makes your project unique? Backed issues permissionless tokens (bTokens) that represent ownership of structured products. Backed tokens are 1:1 backed by the underlying assets, held by Swiss third-party custodians, and are bankruptcy remote book-entry securities. History of your project. Backed was incorporated in 2021 in Switzerland due to the regulatory clarity the Swiss DLT Act provided to the project. Backed released its first tokenized product on Ethereum in early Q1 2023. Backed now supports issuance and redemption on many different blockchains. What’s next for your project? Backed is working to create the standard for tokenization with a network of protocols benefitting from RWAs on-chain. What can your token be used for? Backed enables clients to access sustainable, low-risk yields while keeping their funds entirely on-chain. There is no need to go through TradFi onboarding processes or off-ramp crypto to fiat. bTokens are utilized by the likes of Gnosis, Angle Protocol, Ribbon Finance, Aragon, and Blueberry to name a few. Disclaimer: bC3 is not licensed by or affiliated to Coinbase Global Inc., and it bears no responsibility to it. Backed DOES NOT sell its tokens to U.S. Persons or for the account or benefit of U.S. Persons, and tokens are not marketed, offered, or solicited in the U.S. or in any other prohibited jurisdiction. For a full list of prohibited and restricted countries and review of legal documentation, please visit https://www.backedassets.fi/legal-documentation

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Current Price:

$199.67More coin details

All-time high:

$419.78

All-time low:

$70.78

BCOIN Supply Info and Tokenomics

Circulating supply:

Total supply:

18K

Max supply:

Market cap:

Fully diluted valuation:

$3.723M

What is the outlook and future value of BCOIN?

The current market cap of BCOIN is $0, ranked 14225 in the market, showing that the market already recognizes the value of BCOIN. When a bull market arrives, the market cap of BCOIN may continue to grow.

Moreover, if BCOIN can play a greater role in real-world applications—such as if the Monero developers can fully empower BCOIN and establish partnerships with more business partners to expand its user base—then the long-term value of BCOIN will be further enhanced.

What is the price of BCOIN in 2027?

According to the historical price performance prediction model of BCOIN, the price of BCOIN is expected to reach $209.6535 at 2027.

Note: As with any crypto investment, investors should closely monitor ’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get BCOIN?

Purchasing BCOIN with cash is not the only way to obtain BCOIN. If you have enough time, you can get BCOIN for free.

Learn how to get Hot rewards for free with BCOIN.

Earn free BCOIN by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get BCOIN airdrops for free.

All crypto airdrops and rewards can be exchanged for BCOIN through LBank spot trading.

Buy BCOIN starting from $1

What is BCOIN used for and how to use it?

The use cases for BCOIN may grow with the development of the crypto market and project progress. Currently, you can use BCOIN to:

Arbitrage trading of BCOIN

BCOIN is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many BCOIN trading pairs to suit your needs.

Earn yield with BCOIN

You can also lend out BCOIN or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your BCOIN gains.

Send or pay with BCOIN

If you want to pay someone with BCOIN, you can easily and quickly send BCOIN to them using their receiving address.

You can also visit the official website of Backed Coinbase Global to learn more use cases of BCOIN, such as whether the Backed Coinbase Global project supports community/eco apps or buying physical or virtual goods with BCOIN.