The BACKD token
BACKD is the token that ties the platform and the people on it together. Backd earns one thing, the 1% builder fee Polymarket collects on every filled order, and the token is designed so that fee does two jobs: buy the token back and remove it, and pay for the next people through the door. The whole mechanism is drawn out on the flywheel page.
What it is for
- A share in the loop, not in the company. Every backed call pays a fee; part of that fee buys BACKD on the open market and burns it. More calls, fewer tokens.
- A growth engine. The other part funds creators, campaigns, referrals and first-call onboarding, which brings the next people who back the next calls.
- A public ledger. Fees in, costs out, every buyback and burn with its transaction. Published, checkable, every period.
How it ties to Backd
Backd never holds users' money and never takes the other side of a call, so the token cannot be backed by a house edge. It is backed by activity: the fee is the only income, the fee is public, and the flywheel splits it in the open. The referral shares and rank rebates Backd already tracks are the natural place for bought-back tokens to go, so the people who bring others in and back the most calls hold the most. Which of those routes ships first is on the table; the flywheel page lists the options.
Where it stands
| Thing | Status |
|---|---|
| The token contract | Not deployed |
| A price, a sale, a listing | None until launch. Backd is not selling tokens |
| Launch date | After legal review and the beta |
| The flywheel | Designed; see the flywheel page |
| The ledger | In design |
| Legal review | Before launch. It gates everything above |
| The sidebar card | Coming soon: no price, Buy and Sell disabled |
What it is not
BACKD is not a share, a bond, a deposit or a promise of income. It does not change the 1% fee, it is not needed to use Backd, and nothing you do on Backd today earns it or counts towards it. It carries no right to anything from Backd. Whether it launches, and where it can be held, depends on legal advice in each country; Backd's company is in Spain and its users are in many countries.
How you will hear
Everything about BACKD is announced here in the docs first, then on Backd's own channels: the site and its X account. Anything anywhere else claiming to be a BACKD token, a sale, a listing or a way in early is not from Backd. Backd will never ask you to send money or connect a wallet to receive a token.