Vibhu explains how @Backpack lets users turn tokenized stocks back into actual shares
"Backpack is a full brokerage, so it's one-to-one. They seed liquidity, and if demand outweighs the supply onchain, they progressively buy more shares on the brokerage side and mint them onchain."
"And you can redeem your tokenized equity for the actual share itself. They built an equity bridge that works on both sides. I can take my equity from my brokerage and move it onchain, or take it off, and it remains equity the entire time."
A token launch is the starting line.
โYou donโt get rich as a founder unless you do something amazing.โ
Our goal is to build Backpack into a pillar of the worldโs economy. We have to earn that outcome the same way the best Silicon Valley companies do: by building something that matters.
@armaniferrante on the commitment and alignment behind Backpack.
@0xiamjosh@KyleSamani Good for OSINT, parsing lots of sources, assembling it, analyse from many angles.
Another word, it is next level tool for processing as much information as possible for your goals.
Appreciate all the @Backpack support now that the token solana:BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy is going crazy but the information has been public all this time and many of you were dunking on @armaniferrante when the project was at its lowest.
Not blaming you but even when things dont go as planned that doesnt mean they aint good.
Congrats if you changed your mind about Backpack because we are too early and this is a lifetime project.