Issued by Backpack Securities, $SNDK is now live on @Solana with @SunriseDeFi.
Official token address: SNDKbwMUQvZhnLnxLduradgLHG5KrPuKwpnrkkGRhfH
$SNDK is redeemable 1:1 for real Sandisk shares and transferable to traditional brokerages.
I feel like a paid shill for @Backpack at this point but what they are doing with their onchain securities offering is really unique and should be highlighted.
Time to go.
The one and only $MU not just on @solana--but on any blockchain--that freely flows between DeFi and TradFi.
(Sorry @coinbase though you guys are goated.)
Stocks on Solana.
Every cycle, since 2020 the timeline fades Solana.
Every cycle, brain damaged engineers ship code just to prove a point.
Every cycle, everyone returns to the king.
Why $BP is a $1B runner:
1) Some of the cleanest/unique tokenomics out there
0% went to insiders, VCs, team, CEXs, or campaigns
The only tokens on the market are the 25% they distributed to the community
2) Built on a token + equity model with 20% of Backpack's equity goes to users who stake for a year
3) Team and investors get exposure only through company equity, not the token directly
4) Binance might lose its EU license in July, while Backpack just received one from Latvia
5) 37.5% unlocks when KPIs are hit (regulatory approvals, new products, etc.) and goes to users
6) The other 37.5% unlocks after the IPO, with at least a 1-year timelock
A lot more coming, not just IPOs:
- credit card
- IBAN / bank account
- brokerage account access
- new regions
- daily proof of reserves
- 0% on/off-ramp fees and more
What do you think?
Definitely one of the strongest projects on Solana imo
(nfa)
From the biggest hate on TGE
To the biggest runner on Solana
$BP is up 30% in a day, 55% in a week, and 200% for the last month
They only one who delivered $SPCX, with full redemption to real stock
With more IPOs coming up, I think price will keep going higher
SpaceX had its IPO yesterday
And @Tessera_PE gave us early exposure to it months ago through T-SpaceX (+137%)
Now the next one is here: "T-OpenAI"
I just got accepted into Tier 1, and I've got 5 spots to give away to my community
Why I'm bullish:
Pre-IPO access to OpenAI, the most important AI company in the world
Tessera already proved the model with T-SpaceX (IPO'ing today) and T-Kalshi (2x)
Retail has never had a way into names like this before launch
To enter:
→ like + RT this post
→ follow me
→ comment which pre-IPO you want to see next on Tessera
Picking 5 winners before June 24
Why is on/off ramping securities so important?
The product isn't just access.
It's liquidity.
For spot, that means inventory.
With external markets comes a floating price, and if you can't cycle assets between TradFi and DeFi, you won't have the right execution onchain.