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.
E165: @backpack - Your broker holds your stocks. Backpack lets you use them
Armani Ferrante is the co-founder and CEO of Backpack, a regulated global crypto exchange built from the rubble of the FTX collapse. He spent years building the foundational infrastructure of Solana - wallets, DEXs, developer frameworks - before FTX wiped out 90% of Backpack's balance sheet. So he decided not to quit.
Timestamps:
0:00 Introduction
1:32 Please Subscribe
1:56 Michel Foucault & The Panopticon Metaphor
5:25 Armani’s Philosophical View on Crypto
7:50 Who Is Armani Ferrante?
8:39 Partnerships: @JupiterExchange@KASTxyz
9:19 Armani’s Chip On The Shoulder
10:43 Getting Hired Twice At Alameda Research
13:46 Being Able To Work On Early Solana Projects
14:43 Leaving Alameda to Build Backpack
18:26 FTX Fomo?
23:32 Partnerships: @ethena@sumsub
24:34 How Armani & Backpack Got Affected By The FTX Collapse
32:37 The Solana Ecosystem Today
36:25 The MadLad Story
42:03 How Important Was The MadLad For Backpack?
43:40 What Crypto Should Be
49:36 Crypto Inflection Point
51:59 Partnerships: @Trezor@Bitwise@SuiNetwork
52:55 Explain Backpack To Your Uber Driver
57:36 Crypto Is A Test Bed
1:04:15 Why You Might Not Own the Stocks You think you Own
1:06:41 Unified Margin Accounts
1:15:20 Why Armani Moved to Tokyo
1:17:18 Why Backpack is best Positioned to Win in Japan
1:18:43 How to Bootstrap a Regulated Exchange
1:21:53 Closing Thoughts
Contrarily, what Armani is doing is actually a demonstration of great leadership. There's zero point in trying to placate an angry mob who is upset they didn't make generational wealth off of their free airdrop. The same people who claim to have supported the platform for years. Nothing he can say is going to assuage the community in any meaningful way. In reality, if they were truly ardent supporters, they would see the launch for what it is. The first step of many towards a larger vision. Not the finish line.
Value is not created by talking. Value is created by shipping product. Precisely what the BP team is focused on. I hold some Mad Lads, but I didn't participate in any of the points mechanics. I don't really have a horse in this race. But I do know Armani. He's a great builder. He's overcome insane challenges. He's one of the few genuine people in the space, and also one of the few people I have deep respect for in crypto.
I'll say what he can't. If you're so upset with the result of free money you received in the airdrop, leave. You're a net negative to the rest of the community. And since you don't support the platform, just sell your tokens and walk away.
Solana changed my life.
It changed my career trajectory, it gave me new friends, it changed the way I think about finance and the future in general.
Even the bad times shaped my way of thinking, positively.
Happy birthday, Solana 🥳
Korean Fan Ver @Backpack@armaniferrante
Token or Equity? "YES."
Users get priority allocation when Backpack IPOs - earned through stake, time and usage. Don't choose. Yes to both.
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
introducing the next Backpack token utility, we'll be building out this year. IPOs, on chain, directly on Backpack.
Normally when companies go public, the founders and executives go on a roadshow, sharing their story and garnering interest from Wall Street institutional buyers purchasing shares before they go public. For most, you normally have to wait for the stock exchanges to go live before getting access to these shares through your brokerage.
What we're doing: working with Superstate for Backpack to become a stop on the roadshow, so that our users can get access to these IPOs before trading goes live on national stock exchanges.
The catch: Our ability to do this successfully is purely a function of the Backpack community.
The more active and valuable our users, the more viable Backpack is a venue for capital formation. As a result, we've put together this waitlist to collect interest from our users today on this product. The early users that signup will get early access to the first IPO.
The more people that sign up for this, the more engaged and active our community is here, the better access we will get to companies when they go public.
This will be the first test of the community. This is an enormously valuable opportunity, and we need your help signing up for this so that we can go out and get the best IPOs for everyone here that we can.
The ask: add yourself to the waitlist now.
We have a lot more coming on this front, and this is a perfect example of why we did not build a DEX. This is only something a compliant product can do.
Go big or go home.
33 reasons @Backpack is a game-changer for crypto traders
timestamps:
00:00 Ultimate Backpack Intro
00:41 Top Yield Features
01:58 Pro Trading Toolkit
03:14 Not Sponsored Real Talk
04:04 Cross Margin Strategies
04:24 Prediction Markets Swaps
05:31 Safety Fees Support
05:58 Security Global Programs
07:15 Transparency Ownership Wrap
08:11 Final Thoughts Call To Action
Fock it! 这回真要在 Web3 当股东了?
质押代币换公司股权,在这个圈子里 Backpack 算是开了先河!
“I didn't come into crypto 9 years ago to launch a shitcoin.”
不画饼, @armaniferrante 直接亮出底牌: 20% 股权,把用户当真正的合伙人。
始于红黑配色的克制与高级,终于硬核坦诚的工程底色。
不如让我们用实操来看看,是做下一波行情的过客,还是拿下一家交易所的股权?
Use it, then own it. 🎒
@Backpack_CN@Backpack