Project Overview
Backpack is the premier hub of “Trust” in the Solana ecosystem, built by developers who overcame the collapse of FTX. CEO Armani Ferrante is the creator of the “Anchor” framework—the de facto standard for Solana development—ensuring industry-leading technical reliability.
More than just a Centralized Exchange (CEX), Backpack encompasses a self-custody wallet, the Mad Lads NFT collection, and a grand vision to integrate Traditional Finance (TradFi) on-chain.
Key Features & “The Faces Behind”
- Elite Developer Team: Core members from ex-FTX/Alameda Research reunited under the banner of transparency and compliance. They’ve adopted tokenomics that structurally prevent insider dumping.
- Global Regulatory Compliance: A platform that actively pursues licenses in Dubai (VARA), the EU, and Japan (JVCEA member).
- TradFi Integration: Partnering with Superstate to enable trading of tokenized assets, such as US Treasury-backed tokens, on Solana.
- Mad Lads Community: Closely integrated with one of Solana’s most valuable NFT communities, boasting a powerful brand.
Investors & Backing
In their 2024 Series A, Backpack raised funds from prestigious VCs including Placeholder VC, Hashed, Robot Ventures, and Delphi Digital. With a valuation reaching $120M, it is positioned as essential infrastructure for the Solana ecosystem.
Latest Tokenomics (TGE)
Official announcements have confirmed a highly user-centric distribution:
- TGE Unlock: 25% (250 Million tokens)
- Allocation Breakdown: 24% for points holders, 1% for Mad Lads holders.
- IPO Lock: Team and VC allocations are locked until a US IPO, prioritizing long-term product growth.
Airdrop Simulator
We have launched the Backpack Airdrop Simulator on this site. Enter your current points, Mad Lads holdings, and assumed FDV to simulate your potential rewards based on the official 25% unlock model.
Regional Availability
Backpack views global compliance as a priority. While initial availability was limited, they are expanding rapidly into regions like Japan and Europe, often integrating local regulatory frameworks to ensure long-term stability and user protection.
