What is BACKED GOVIES 0-6 MONTHS EURO(BC3M)?

Basic information about BC3M

Coin name:

Backed GOVIES 0-6 months EURO

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 bC3M is a tracker certificate issued as an ERC-20 token that tracks the price of the AMUNDI ETF GOVIES 0-6 MONTHS EUROMTS INVESTMENT GRADE UCITS ETF. 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 AMUNDI, 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

Current Price:

$146.38More coin details

All-time high:

$151.45

All-time low:

$122.94

BC3M Supply Info and Tokenomics

Circulating supply:

68,426

Total supply:

68,426

Max supply:

Market cap:

$10.02M

Fully diluted valuation:

$10.02M

What is the outlook and future value of BC3M?

The current market cap of BC3M is $10.02M, ranked 1551 in the market, showing that the market already recognizes the value of BC3M. When a bull market arrives, the market cap of BC3M may continue to grow.

Moreover, if BC3M can play a greater role in real-world applications—such as if the Monero developers can fully empower BC3M and establish partnerships with more business partners to expand its user base—then the long-term value of BC3M will be further enhanced.

What is the price of BC3M in 2027?

According to the historical price performance prediction model of BC3M, the price of BC3M is expected to reach $153.70 at 2027.

Note: As with any crypto investment, investors should closely monitor BC3M’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 BC3M?

Purchasing BC3M with cash is not the only way to obtain BC3M. If you have enough time, you can get BC3M for free.

Learn how to get Hot rewards for free with BC3M.

Earn free BC3M by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get BC3M airdrops for free.

All crypto airdrops and rewards can be exchanged for BC3M through LBank spot trading.

Buy BC3M starting from $1

What is BC3M used for and how to use it?

The use cases for BC3M may grow with the development of the crypto market and project progress. Currently, you can use BC3M to:

Arbitrage trading of BC3M

BC3M is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many BC3M trading pairs to suit your needs.

Earn yield with BC3M

You can also lend out BC3M or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your BC3M gains.

Send or pay with BC3M

If you want to pay someone with BC3M, you can easily and quickly send BC3M to them using their receiving address.

You can also visit the official website of Backed GOVIES 0-6 months EURO to learn more use cases of BC3M, such as whether the Backed GOVIES 0-6 months EURO project supports community/eco apps or buying physical or virtual goods with BC3M.