Backpack — activity in the project with an eye to drop
Backpack was originally conceived as a convenient, non-custodial wallet supporting EVM networks and Solana. With the development of the project, the team introduced its second product, namely the centralized exchange of the same name.
The project is backed by the creators of one of the most famous NFT collections, Mad Lads, whose float at the time of writing is 200 SOL.
Below, we will consider the available activities and show you how to interact with the project in order to be able to qualify for a drop in the future, if it is held.
Interacting with the project
Note: the main activity is trading. Consider all the risks associated with it.
- Go to the exchange and go through standard registration.
Important: like other centralized exchanges, this one requires you to go through an identity verification procedure.
- Next, open the Deposit tab and make a deposit using a method convenient for you.
Important: you can deposit crypto assets only in the Solana network.
- After the funds have been credited, select the desired pair on the Trade tab and trade, increasing the volume.
Note: the exchange only supports spot trading.
Additional activity
You can also test the project wallet by downloading and installing it here.
Conclusion
At this stage of development, the exchange has limited functionality. There are neither futures, which are familiar to many people, nor additional profitability tools. But all this does not stop users from hunting for a drop, because the team itself actively hints at it.
Highlights:
- to trade, you need to pass KYC;
- the higher the trading volume, the better;
- you can optionally consider interacting with the project wallet.
If you have any questions while completing the activities, you can ask them in our Telegram chat.
Useful links: Website | X | Discord
It will be interesting
