What is BACKED CSPX CORE S&P 500(BCSPX)?

Basic information about BCSPX

Coin name:

Backed CSPX Core S&P 500

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 bCSPX is a tokenised tracker certificate reflecting the net total return of the iShares Core S&P 500 UCITS ETF USD, less fees. 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: Backed Finance AG and its subsidiary Backed Assets GmbH are not affiliates of or licensed by BlackRock Inc, BlackRock Fund Advisors and any of its affiliates ("BlackRock"). BlackRock is not responsible in any way to bIB01 products. 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 (edited)

Expand

Current Price:

$731.58More coin details

All-time high:

$762.66

All-time low:

$433.76

BCSPX Supply Info and Tokenomics

Circulating supply:

Total supply:

Max supply:

Market cap:

Fully diluted valuation:

$5.560M

What is the outlook and future value of BCSPX?

The current market cap of BCSPX is $0, ranked 14010 in the market, showing that the market already recognizes the value of BCSPX. When a bull market arrives, the market cap of BCSPX may continue to grow.

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

What is the price of BCSPX in 2027?

According to the historical price performance prediction model of BCSPX, the price of BCSPX is expected to reach $768.159 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 BCSPX?

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

Learn how to get Hot rewards for free with BCSPX.

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

Join LBank Launchpad to get BCSPX airdrops for free.

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

Buy BCSPX starting from $1

What is BCSPX used for and how to use it?

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

Arbitrage trading of BCSPX

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

Earn yield with BCSPX

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

Send or pay with BCSPX

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

You can also visit the official website of Backed CSPX Core S&P 500 to learn more use cases of BCSPX, such as whether the Backed CSPX Core S&P 500 project supports community/eco apps or buying physical or virtual goods with BCSPX.