$BACKED Thesis

Simple idea
$BACKED is a token with a rising floor backed by real stocks (MSFT, NVDA, AAPL, TSLA, etc.) instead of just ETH.

How the floor goes up

Supply only goes down (tokens get burned on redeem). Floor can only rise.

Why it’s better than Sazare

The opportunity
Same rising-floor design as Sazare, but with better backing and lower market cap.

If it just reaches Sazare’s size, that’s roughly 4–8x from here. Floor keeps rising underneath the whole time.

Lower risk of going to zero because of the stock reserve + higher upside from the multi-product fee flywhee