I’m a @MadLads x @Backpack believer, fanboy or whatever you wanna call it
You can laugh about it or ridicule it
I don’t care but I sincerely hope you find a project you fall as in love with as I did
While the teams build, one might have to make their own merch
Fock it.
Trust the process. Even when you cannot see it yet. Because one day you'll look around and realize, that the life once you can only imagine has quietly become your reality.
Stay true to your journey.
GM. 🎒
When I say I'm "long-term" with @Backpack , I think there's a misunderstanding. It doesn't mean I want to wait a year for example, sell the token, and make a one shot.
It means that from day one, I decided the @Backpack ecosystem would be a new source of income.
It depends on my strategy and Backpack's success.
I just said two important words: ecosystem and success.
An ecosystem isn't created in a year or two, even in the magical world of Web 3 and its magical money.
And sorry to be blunt, but you really have to have built nothing in your life to believe that what Backpack is building can be done quickly.
Success. That’s exactly what Backpack has been saying from day one. Go big or go home. You either succeed or fail. There’s no middle ground. And they take that logic to its logical conclusion: the token will only succeed if the business succeeds.
And that's why the token's price isn't an issue for me today. First, because the benefits the token will bring me are more important than its price. Value vs price.
And above all, because there's still so much to do to increase the token's value (and therefore not the price) that the potential for growth is enormous.
I'll quote Warren Buffett again: "Don't buy into a project you don't understand." I think I understand Backpack. That doesn't guarantee success. But being aligned between your personal goals and a project's culture is essential. And that's very satisfying.
Backpack Weekly Update 🎒
Institutional & Ecosystem —
▸ Backpack is part of the DTCC Industry Working Group as tokenized securities continue moving toward production-grade market infrastructure.
Product & UX —
▸ TP/SL can now be edited directly from Open Orders on web, not just open positions. Currently supported for limit orders.
▸ New trade flow on web: when your USD balance won’t fully cover a trade but you hold USDT, Backpack now surfaces the different ways your collateral can be used, including instantly converting USDT → USD via RFQ at no fee, or continuing to use USDT as collateral to open the position with a USD borrow.
▸ BP balances now aggregate across subaccounts on the BP page, with a detailed per-subaccount breakdown.
Ongoing Quest —
▸ BTC Yield Boost: trade to unlock more BTC eligible to earn up to 50% APY before the campaign ends May 13.
What does this document say about @Backpack ?
1. Spoiler alert. This team is working like crazy, away from the noise, the impatient crowd, and the lies.
And this team is working on things much bigger than crypto, things you won't see any hype about in the short term. Not sexy, not short-term. This has been the path they've chosen since day one.
2. In this document, @Backpack requests confidentiality for the information provided. Why? Because to achieve the highest level of compliance, they have to give out very sensitive information. In my experience, this means sharing information about their financial structure, their algorithms, and their security plans.
And yes, Backpack aims for the highest level of compliance. And confidentiality is also important to avoid revealing their hand to their competitors. Backpack surely aspires to be what its competitors aren't... tic toc..
3. But Backpack has aslo the ambition to be much bigger than you imagine. "But Coach, why isn't the token pumping?"
I've been saying this for years: if you don't take the time to understand a project, don't get involved. If your expectations are more important than understanding a project's structure and strategy, you'll only waste your money and be unhappy.
Backpack token is one of the rare tokens whose value depends directly on the project's success. We all know those protocols that make billions while their tokens plummet. Backpack has chosen to link its token's value to its future success. And yes, future success, because Backpack isn't where it wants to be yet, and that's normal.
Some people talk about communication and marketing without having the slightest idea what they are. Some talk about volume. Yes, Backpack has the volume of a project in limbo.
But what's really happening behind the scenes, and again, what won't excite you, is what Backpack works for day and night: INSTITUTIONAL CREDIBILITY.
This is a fundamental step for the project, a fundamental step for Backpack's expansion. To become a regulated exchange worldwide. And more...
But you know what's really exciting? Backpack, "the project without users," has a seat on the DTCC working group.
On May 4, 2026, the DTCC (which handles the settlement of almost all stocks in the United States, with $114 trillion in custody) officially included Backpack in its industry working group dedicated to asset tokenization.
Not only will Backpack actively participate in defining the technical standards that will allow stocks and US Treasury bonds to circulate on blockchains, but more importantly, Backpack was chosen for its expertise in Solana/Cryptos, and its ultra-fast wallet/exchange infrastructure positions it as an ideal candidate to test interoperability between traditional assets and decentralized networks.
Pretty sexy, right? Now you want to know what I think about all this and what I've thought about Backpack since day one?
It's a paradigm shift. We're going from "crypto versus traditional finance" to "crypto is the infrastructure of traditional finance." For Backpack, this validates their rigorous compliance strategy and positions them at the center of the next wave of global liquidity: The tokenization of the real economy. It's that simple.
Use @Backpack 🎒