supadope 🎒

@Backpack on top

[GemSniper 🎯 @bitcatshow]

최근 백팩 가격이 많이 올라서 수익실현을 하고 싶어하는 사람들이 있을텐데, 개인적인 생각으로는 지금 팔면 후회할 가능성이 높다고 봅니다.

- 유럽, 일본, 미국 아직 개방하지도 않았음
- 미국주식 선물 프로덕트 런칭 전
- 미국쪽 규제가 곧 풀릴것 같은 흐름
- 대다수 사람들 + VC들은 백팩을 잘 알지 못함
- 코인 사이클로 봤을때 하락장이 앞으로 길게 남지 않음

코인 시장 사이클을 여러개 경험하신 분들이라면 아시겠지만 매번 사이클마다 새로 강자로 떠오르는 거래소가 있었습니다. 다음 불장때 백팩이 분명 주인공이 될거라고 믿고, 지금 가격보다 훨씬 높게 갈거라고 생각합니다.

괜히 BP 갯수 늘리려고 트레이딩 하다가 물량 털리지 말고, 스테이킹 해놓고 트위터에서 열심히 쉴링하는것이 돈버는 지름길입니다.

GO BIG OR GO HOME

[Armani Ferrante @armaniferrante]

To give you a concrete sense of what we're doing with @Backpack Securities.

- Trade stocks on Backpack
- Deposit/Withdraw to Solana
- Trade on DeFi in your wallet
- On/off ramp to your brokerage account

Tokenized stocks that are redeemable for the real thing just like a stablecoin.

Demo:

[Solana @solana]

Every $SPCX is backed by a real SpaceX share, redeemable 1:1 into your brokerage account through @Backpack Securities

$SPCX will trade 24/7 on @Solana via @sunrisedefi after Friday’s IPO

[Backpack 🎒 @Backpack]

$SPCX goes live on @Solana via @SunriseDeFi following SpaceX’s Nasdaq debut.

Issued by Backpack Securities. On/off-ramp SpaceX shares between traditional brokers and Solana.

[Backpack 🎒 @Backpack]

We're excited to welcome Dr. Michael S. Piwowar to Backpack US’s Board of Directors.

Dr. Piwowar served as SEC Commissioner from 2013 to 2018 and was later designated Acting Chairman of the SEC by President Trump. He was among the first senior U.S. regulators to publicly engage with the regulatory questions posed by digital assets and initial coin offerings.

He currently serves as Executive Director of Georgetown University’s Psaros Center for Financial Markets and Policy, and previously served as Chief Economist for the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

He brings deep expertise across securities regulation, capital markets policy, market structure, and investor protection as Backpack US accelerates its U.S. expansion.

With Mark Wetjen, former CFTC Commissioner & Acting Chairman, leading Backpack US as President, and Dr. Piwowar joining the board, Backpack US is building with experienced leadership across the SEC, CFTC, DTCC, and U.S. capital markets.

[Armani Ferrante @armaniferrante]

It's been almost 3 months since the BP TGE, and it feels like a lifetime.

It's been over 3 years since we started the exchange, and it feels like a lifetime.

From the beginning, we've taken a different path from just about every new entrant this cycle. It's been a long path. It's been a hard path. But it's the path we needed to take to build a modern financial institution for the future of money.

With every day that passes, we inch a little bit closer.

It's not just about crypto. It's not just about stocks. It's not just about trading. It's not just about perps. It's about doing the hard things in the real world that few are willing to do to, and for which there is no short cut.

It's only when you do those things can you genuinely merge the crypto economy with the traditional economy--not just in one country, but for the entire world. It's easy to say. It's hard to do.

It takes years, decades, to make any progress. Heck, we moved to Japan over three years ago so that we could get a bank account and legally serve the market. But we are happy to build this business not in one cycle, because we will build it over a lifetime.

As we rollout Backpack Securities, we begin a multi-month release cycle of hitting milestones that have been years in the making, and we couldn't be more excited to share them with the world.

Today, Backpack is your brokerage, your exchange, and your wallet. It's the result of a global team pouring their hearts into the product, through the good, through the bad, and never yielding.

Every day, we push forward. Brick by brick, and I hope you love this brick as much as I do.

🧱

[Backpack 🎒 @Backpack]

Are your tokenized stocks giving you the real thing?

On/off-ramp securities between traditional brokers and @solana.

Soon.

[qinbafrank @qinbafrank]

当CFTC前代理主席+美国法律界最懂加密的前FTX总法律顾问（曾经Coinbase上市核心法律团队成员）聚在Backpack，他们在布局什么？昨天参加了Backpack的AMA，不得不感叹下Backpack核心团队应该是当下加密领域政策合规背景最强大的一支团队。为什么这么说？这里得先特别聊下曾经担任CFTC代理主席的现任Backpack US总裁的Mark Wetjen，以及前FTX总法律顾问和Coinbase上市法律顾问团队核心成员的现任backpack联创Can sun。

Mark Wetjen于2026年3月正式出任Backpack US总裁，核心任务是带领Backpack完成美国本土合规扩张，Wetjen的加入直接提升了Backpack机构信任度和监管对话权重。他的背景堪称“完美匹配”：
1）CFTC资深监管经验：2011-2015年任CFTC（美国商品及期货委员会）委员，并于2013-2014年担任代理主席，负责期货、衍生品（含加密永续合约）的监管框架制定。可以说Mark曾经是美国金融监管的制定者之一。

2）DTCC核心人脉：Mark曾任DTCC全球公共政策负责人——DTCC是美国证券清算结算的“心脏”（全美股票、债券最终都在这里结算）。他现在亲自参与DTCC的tokenized securities行业工作组，推动机构级代币化资产落地。

Can Sun是Backpack Exchange的联合创始人兼合规/法务负责人，耶鲁法学院+普林斯顿博士，曾在美国最顶级律所Fenwick & West领导区块链组，为Coinbase、Kraken等提供合规建议；21年8月加入FTX International GC，负责全球非美辖区牌照和监管对接（包括Dubai VARA等）、后22年FTX出事后离开、被证实从未批准或知晓挪用客户资金情况。

顶级监管大佬 + 加密法律最懂的人，这几乎是传统金融监管天花板 × Crypto法律天花板的最强组合

他们正在做什么？
1）美国牌照+衍生品注册：推动Backpack在美国各地拿到州MTL（Money Transmitter License），同时正在进行CFTC的DCM（指定合约市场）和DCO（衍生品清算组织）注册，为永续合约、股票期权等提供全合规路径。2026年4月他们已与SEC Crypto Task Force直接会面，讨论证券法适用性。

2）真实股票DTCC结算体系：Backpack Securities是真实股票所有权（走传统经纪商+DTCC/ACATS转仓），同时支持链上（Solana）分发和DeFi使用（白天持真实股票拿股息，晚上转链上做借贷/LP）。

3）全球合规超级应用：目标是建一个真正受监管的全球加密交易所+钱包一体化平台，已获VARA牌照、欧洲MiFID II（通过收购FTX Europe资产）、多州MTL。未来会继续拿牌，而非绕监管。

两人联手能擦出了什么火花？
Mark Wetjen带来监管钥匙+DTCC人脉，也懂懂CFTC/SEC的政策诉求和实际操作，能直接打通美国证券牌照和tokenized securities路径；

Can Sun则把过往的经验、Coinbase上市的证券法经验都带入到Backpack里—从Day1 就并行「产品 + 合规」两条线，也深度了解全球合规牌照流程、监管沟通以及所有坑。

顶级监管大佬 × 全球最懂加密法律的人，汇聚在一起擦出的火花就是：构建了当下最强的合规监管护城河。

这样也会让crypto能走到更高的纬度，只有足够合规，大资金、机构才会真正放心进入，也是真正有crypto情怀的。领导层合规监管背景强大，团队全员优秀，Backpack未来可期！

[GemSniper 🎯 @bitcatshow]

Don't blame yourself if you didn't get a chance to buy the Backpack token when it was sitting at around $130m fdv for months.

Do the research, try using the product, and follow the news. Soon, you will realize that we're still extremely early.

Obviously, it won't go up in a straight line but I'm fairly confident that this will be one of the best performing crypto assets in the next two years.

[Backpack 🎒 @Backpack]

Real US Stocks. No Fees. Throughout June.

Private beta ongoing. Public next week.

Invite-only: https://t.co/HCyv2HgKs3

[Backpack 🎒 @Backpack]

https://t.co/BHfYFJfB6u

[Backpack 🎒 @Backpack]

Pre-TGE catch-up with @armaniferrante.

Tomorrow.

Link and Location to follow 🎒

[Backpack 🎒 @Backpack]

We're excited to welcome Mark Wetjen as President of Backpack US.

Mark previously served as CFTC Commissioner & Acting Chairman and Head of Global Public Policy at DTCC, and was among the first U.S. regulators to advocate for clear regulatory frameworks and market infrastructure for crypto.

He will lead Backpack’s U.S. expansion as we continue building regulated, onchain financial infrastructure bridging crypto and traditional finance.

Products. Compliance. Expansion.

[Backpack 🎒 @Backpack]

IPOs. Onchain.

Get IPO share allocations directly on Backpack, enabled by our infrastructure partner @SuperstateInc.

Real shares. Direct ownership. On @solana.

Join the waitlist: https://t.co/Bs6WnNrCaD

[Backpack 🎒 @Backpack]

20% of Backpack equity given to users who stake for a year.

Don't just use the next big thing.

Own it. 🎒

[Armani Ferrante @armaniferrante]

In the Backpack tokenomics, we have one guiding principle.

- Insiders "dumping on retail" should be impossible: no founder, executive, employee, or venture investor should receive wealth from the token until the product hits escape velocity.

Of course it begs the question, what does it mean to "hit escape velocity". Every project is different, and it's impossible to generalize. For Backpack, the answer is clear: we want to IPO in the USA. Going public might happen quickly, it might happen not so quickly, and in fact, it might not happen at all. In any case, we're going for it.

But before going public, we have to grow--a lot. The odd thing about Backpack's growth over the past year--and in fact one of the things that makes Backpack so different from basically every token project in crypto--is that, today, Backpack Exchange only serves about 48% of the world. We've been very slow, very intentional about opening up our product to the world, ensuring that we have every "i" dotted and ever "t" crossed as a regulated financial institution. Growth that sometimes feels like running with a parachute, but we are happy to take the long path, because it's precisely that parachute that will allow us to fly.

For those that don't know us, the reason for this is simple. Backpack is trying to not only build great crypto products, but we're also trying to build great TradFi products. We're trying to not only give our users access to every crypto asset, every blockchain, and every decentralized application, but we're also getting banking rails around the world, USD client money accounts in the USA, EUR in the EU, JPY in Japan--every currency on every major payment network you can imagine. We're trying to build a great securities product, whether that's getting access to your favorite stocks in a traditional brokerage or bidding on primary shares of a company about to go public on NASDAQ. We want to serve not only retail users worldwide, but we want to serve regulated products for regulated counterparties and regulated institutions around the world. All of this takes an enormous amount of time, effort, blood, sweat, and tears. We've been working on this for over three years at this point, laying an international foundation for the company and for the product slowly but surely, brick by brick. If we're lucky, we'll spend a lifetime.

What this all means is that, in the most literal sense--and I know this sounds silly--we're just getting started. We still have half the world to open up into. We still have some of our most exciting products to launch. And this leads to our next guiding principle in our tokenomics.

- Liquid tokens should exclusively go to users, fueling growth triggered by key product milestones.

Every time we open up a new region, every time we launch a new product, that's an opportunity to grow. Open up EU => grow. Open up Japan => grow. Open up the USA => grow. Open up predictions => grow. Open up stocks => grow. Open up card => grow. Like gasoline onto a fire, the token serves to continuously kickstart new markets in the same way points kickstarted Seasons 1-4.

With every growth lever we pull, tokens unlock in a predictable way to users, bringing in a new wave of token holders, growing the community, and allowing the product to soar to new heights. The objective constraint for this to work is precise: the value of added growth created by new token unlocks must always be greater than the dilution of those unlocks. As long as that condition holds, we can continue to unlock tokens direct to our most active users, growing along the way.

Last but not least is the question:

Ok so if all the liquid tokens are going to users, then what about the team? How exactly do you remain incentive aligned while ensuring the team cannot unlock, dump on retail, and become enormously wealthy without building something great?

And the answer is simple: not a single founder, executive, team member, or venture investor has been given a direct token allocation.

The entire "team allocation" sits in a "corporate treasury", i.e. on the balance sheet of the Backpack company--locked until at least one year post IPO. The team owns equity in the company, and the company owns a large percent of the token supply. It's not until the company goes public (or has some other type of equity exit event), that the team can earn any wealth from the project. It's not until the company has access to the largest, most liquid capital markets in the world by going public--and it's not until the company has done all the hard work to earn access to those markets--that the team can reap the rewards of the value created by the Backpack community from now until then.

We either go big, or we go home.

[supadope 🎒 @Doraemon_abcd]

@Backpack BP🎒

[Backpack 🎒 @Backpack]

There are 40m points being redistributed over the next 4 weeks.

oh, one more thing:

25% on TGE 🎒

[supadope 🎒 @Doraemon_abcd]

@Backpack gm

[supadope 🎒 @Doraemon_abcd]

@Backpack Gmonad🎒