What is BACKED HIGH € HIGH YIELD CORP BOND(BHIGH)?

Basic information about BHIGH

Coin name:

Backed HIGH € High Yield Corp Bond

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 bHIGH tracks the iShares € High Yield Corp Bond UCITS ETF, representing an index of Euro-denominated high yield corporate bonds. 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)

Current Price:

$7.23More coin details

All-time high:

$7.52

All-time low:

$5.29

BHIGH Supply Info and Tokenomics

Circulating supply:

26,647

Total supply:

26,647

Max supply:

Market cap:

$192.66K

Fully diluted valuation:

$192.66K

What is the outlook and future value of BHIGH?

The current market cap of BHIGH is $192.66K, ranked 5469 in the market, showing that the market already recognizes the value of BHIGH. When a bull market arrives, the market cap of BHIGH may continue to grow.

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

What is the price of BHIGH in 2027?

According to the historical price performance prediction model of BHIGH, the price of BHIGH is expected to reach $7.59 at 2027.

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

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

Learn how to get Hot rewards for free with BHIGH.

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

Join LBank Launchpad to get BHIGH airdrops for free.

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

Buy BHIGH starting from $1

What is BHIGH used for and how to use it?

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

Arbitrage trading of BHIGH

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

Earn yield with BHIGH

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

Send or pay with BHIGH

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

You can also visit the official website of Backed HIGH € High Yield Corp Bond to learn more use cases of BHIGH, such as whether the Backed HIGH € High Yield Corp Bond project supports community/eco apps or buying physical or virtual goods with BHIGH.