1. Project Overview

  • Backpack is a crypto ecosystem that includes a Wallet, a Centralized Exchange (Exchange), and NFT collections (e.g., Mad Lads).
  • The project completed a funding round: on February 28, 2024, it raised approximately $17 million in Series A, led by Placeholder VC, with participation from Hashed, Delphi Digital, and others.
  • The project has launched a “Points/Rank” system to encourage users to trade, use the wallet, and participate in activities on the platform to accumulate points, which may serve as a reference for future airdrop eligibility or allocation.

  • 2. Airdrop Mechanism Hints & Participation Conditions

  • Based on community insights and official hints, the following are key factors highly likely to determine Backpack airdrop participation:
  • Condition Description
    Register & KYC Typically requires registering an account on Backpack Exchange and completing identity verification (KYC).
    Use Wallet + Trading Install the Backpack Wallet and deposit assets or trade within its ecosystem.
    Points System / Ranking Users accumulate “points” or improve their “Rank” through trading volume, activity participation, holding specific NFTs (e.g., Mad Lads), etc. These may directly affect airdrop eligibility or allocation.
    Diversified Participation (Trading, Lending, etc.) Not just simple trading—participating in lending, derivatives, using wallet functions, or holding NFTs may earn extra points.
    Disqualifying or Deductible Actions The community advises against “volume brushing” or using stablecoin pairs (e.g., USDC/USDT) to fake trading volume, as these may not be counted or could result in penalties.

    How to Participate in the Backpack Airdrop