Current price
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Market price per BACKED
$BACKED is a fixed-supply token sitting on a vault of real tokenized equities. Every trade buys more stock into the reserve — so the floor only rises. Redeem any time for your share of the vault.
Every trade has a 3% tax that purchases stocks for the backing.
Three moving parts, all on-chain. Value accrues to the vault instead of being paid out — so the token appreciates and the floor climbs with every trade.
A Uniswap v4 hook takes a 3% ETH tax on each buy and sell of $BACKED, straight into the vault.
A keeper spends that ETH on tokenized blue-chips — routed through Rialto's liquidity. The stock stays in the vault as backing.
Supply is decreasing when someone redeems, leaving a 5% fee behind. Backing per token can only rise.
Because $BACKED is redeemable for its share of the vault in-kind, arbitrage pins the market price to the backing. If it ever trades below the floor, buying and redeeming is free money — so it doesn't. The floor isn't a promise; it's the balance of real equities anyone can withdraw, any block.
Real tokenized blue-chips, held in the vault and redeemable pro-rata, any block. See live balances and dollar values on the vault page.
All of them live on Robinhood Chain and share this wallet — connect once and any of them recognises you. Most feed the reserve: their fees buy tokenized stock into the vault, so activity anywhere lifts the floor under $BACKED.
The reserve itself: every stock the tax has bought, and what each token can be redeemed for. Nothing leaves except through a holder's own redemption.
See the backing →Holders decide which tokenized stocks the vault buys next, and which ones it drops. Weight is your balance; the ballot is on-chain.
Open the ballot →Point a launch's creator fees at a basket and every round buys real equities and pushes them to the coin's holders, pro-rata. Nothing to claim.
Build a basket →Perpetual futures on equities — listed and pre-IPO — plus ETFs and crypto, margined in USDG and settled on Lighter's Robinhood Chain deployment.
Open the terminal →Binary markets in native ETH on things that settle: earnings, index prints, rate decisions, metals. Winners take their stake plus the losing pot, pro-rata.
Open the board →Gift cards, eSIM data and mobile top-ups across 2,000+ brands. A share of Apple buys an Apple gift card, and the code arrives by email in about a minute.
Open the shop →