Backters’ USDBK token draws its fixed returns from partners that handle fixed income financial assets, also known as bonds. Breaking down the return into two parts, 100% of the return represents the gradual pay back of the principal investment. This gives investors confidence in their lended capital and a boost to their fixed income, differentiating itself from the competition as bond principals are typically returned in one lump sum at the end of the period. Second, 44% of the returns reflects the cumulative interest on the borrowed capital over the lifetime of the investment. 44% is a high-yielding, outstanding rate of interest on your investment.
Fixed income securities involve the borrowing of capital to finance an investment. Backters uses its investments in USDBK to finance investments in the real world, including for use in fund activities, private equity, private debt and much more. The way fixed income investments are structured is perfectly suited for the needs of Backters’ financial partners (lended capital) and most importantly the needs of its own investors: a lower risk, stable and consistent rate of return with an offering wound into the very fabric of fixed income asset design
From an investment perspective, cryptocurrencies are speculative assets. For an investor to acquire a return on a cryptocurrency, the belief that someone will eventually buy their coins for more than they purchased them for, must hold market wide to create sustained price appreciation and subsequent returns. This is the overwhelming reason people trade Bitcoin, and most other cryptocurrencies and this has contributed to rapid growth in their value.
For Backters, relying on mass psychology for investment returns does not seem sustainable. As an alternative offering, Backters has a substitute for these coins, BACKT, which accounts for the same investment characteristics as cryptocurrencies. Then, there is a more tangible token, USDBK, that is considered an hodl asset, rather than a speculative one. It does not profit off of its tradable value, but rather the underlying returns it generates through its partners.
USDBK operates much like a pegged coin and is a token of fixed value that is only present within the Backters system. USDBK is not tradable on exchanges. BACKT however operates like a more traditional and fully tradable cryptocurrency.
A hodler can use their returns to make new ReturnStreams™. Each ReturnStream™ is independent of each other so the daily amount over the amount of days will still apply.
If you hodl under $15,000 then all we require is your email address. This is due to Backters being HQ’d in Tortola, BVI.
If hodling over $15,000 then ‘know your customer’ applys
Further questions you may have:
Further questions you may have:
USDC is considered the industry standard stablecoin. Stablecoins derive their value from underlying assets and in USDC’s case it derives its value from the US Dollar. It maintains reserves of dollar currency in order to peg the value of one USDC to the value of one dollar. By doing so, it allows investors to convert their cash into digital currency and vice versa.
USDC is owned by Circle and JP Morgan holds a significant value in the USDC token.
Yes, BACKT is transferable and can be traded on exchanges
Uniswap: Backters operates on this exchange to assist trading liquidity and any other exchange that provides a cryptocurrency pair with BACKT.
Every hodler has the opportunity to be a member of the Backters community. This community stands for better markets, better technology, better access and better returns. An hodler of USDBK and/or BACKT is an endorsement of the future of finance – open, efficient and accessible anonymously, anywhere and at any time.
In order to trade BACKT on a centralised exchange you need to transfer BACKT out of the portal wallet and into an exchange wallet/address. Before moving BACKT please ensure that you have established an account with the chosen exchange and that you are 100% certain you have the correct wallet address.
A Crypto Exchange that operates in the currency you want to convert into is required. transfer your USDC to the Crypto Exchange (they will have a how to guide in sending crypto to them) and from there you will be able to use their USDC/FIAT withdrawal facility. Please check the exchange you choose does allow for withdrawal to FIAT currencies.
You do not need to have a cryptocurrency wallet already set up, but you will require a wallet no matter what cryptocurrency you hodl. With account setup we create a wallet that holds USDBK, USDC and BACKT. (and many other cryptocurrencies you transfer)
If you are having difficulty accessing your account please get in touch with us and we will try to help you regain access to your account. As with all cryptocurrency services it is vitally important that you keep your account information safe and secure.
In the footer of each page you will find our contact details. We will endeavour to get back to you within 24 hours.