What is BACKED IBTA $ TREASURY BOND 1-3YR(BIBTA)?

Basic information about BIBTA

Coin name:

Backed IBTA $ Treasury Bond 1-3yr

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 bIBTA tracks the iShares $ Treasury Bond 1-3yr UCITS ETF, aiming to reflect an index of USD bonds by the US Treasury with 1-3yr maturities. 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:

$5.93More coin details

All-time high:

$5.95

All-time low:

$5.26

BIBTA Supply Info and Tokenomics

Circulating supply:

Total supply:

785K

Max supply:

Market cap:

Fully diluted valuation:

$4.655M

What is the outlook and future value of BIBTA?

The current market cap of BIBTA is $0, ranked 14226 in the market, showing that the market already recognizes the value of BIBTA. When a bull market arrives, the market cap of BIBTA may continue to grow.

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

What is the price of BIBTA in 2027?

According to the historical price performance prediction model of BIBTA, the price of BIBTA is expected to reach $6.2265 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 BIBTA?

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

Learn how to get Hot rewards for free with BIBTA.

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

Join LBank Launchpad to get BIBTA airdrops for free.

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

Buy BIBTA starting from $1

What is BIBTA used for and how to use it?

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

Arbitrage trading of BIBTA

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

Earn yield with BIBTA

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

Send or pay with BIBTA

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

You can also visit the official website of Backed IBTA $ Treasury Bond 1-3yr to learn more use cases of BIBTA, such as whether the Backed IBTA $ Treasury Bond 1-3yr project supports community/eco apps or buying physical or virtual goods with BIBTA.