The Backpack exchange, founded by former FTX executives, has recently launched its beta trading platform. The official announcement from Backpack on platform X yesterday stated that the exchange’s 24-hour trading volume has surpassed $600 million. This article will provide readers with information about the background of Backpack, registration tutorials, and airdrop tutorials.
Background:
In an interview with the founder of Backpack: Different from FTX in terms of technical structure, Solana is attractive enough to attract talent.
Background Supplement:
Former FTX executives are “creating a new exchange”! Led by the key witness convicted by SBF, hoping to protect user assets this time.
Table of Contents:
What is Backpack?
Backpack Exchange Airdrop Tutorial
Backpack Exchange Registration Tutorial
Cryptocurrency wallet and exchange Backpack recently posted on platform X, stating that after the start of the Backpack Pre-Season, the beta trading platform’s 24-hour trading volume exceeded $300 million. According to their latest tweet, as of 11:30 am on the 16th, the 24-hour trading volume of the Backpack exchange has surpassed $600 million. So, what is the origin of Backpack and why has it achieved such rapid growth?
What is Backpack?
It is understood that as early as 2022, the cryptocurrency wallet Backpack was officially founded by Coral, a framework development company of the public chain Solana. In November of last year, the Backpack team announced the launch of a cryptocurrency exchange called Backpack Exchange. The exchange has obtained the regulatory license issued by the Dubai Virtual Assets Regulatory Authority (VARA) and can provide virtual asset trading services to qualified investors and institutions in Dubai.
It is worth noting that Backpack Exchange was founded by Can Sun, the former legal counsel of FTX, a bankrupt exchange. The main members include CEO Armani Ferrante, Claire Zhang, and Sun’s former legal deputy. They have publicly stated that they will learn from the lessons of FTX and focus on the concept of “self-custody” to enhance the security of user wallets using multi-party computation.
Backpack Exchange Airdrop Tutorial:
To attract users, the official Backpack Exchange has previously collaborated with the prophecy machine project Pyth Network on Solana for its first airdrop activity. Users only need to register an account on the Backpack Exchange, complete the KYC process, and deposit SOL tokens at the specified time for staking and trading to receive PYTH token rewards.
Although the airdrop activity with Pyth Network has ended, Backpack Exchange has officially launched a trading volume boosting program this month. The official announcement on the 14th clearly stated that rankings would be determined based on trading volume, indicating that the next wave of airdrops may be coming soon. Therefore, participating in the trading volume boosting program is still worthwhile. The specific steps are as follows:
1. Register on Backpack Exchange and complete email verification.
2. Complete KYC identity verification to comply with anti-money laundering and sanction regulations. Select “Individual” as the account type and enter personal information, upload identification documents, and undergo facial verification.
Backpack Exchange Registration Tutorial:
Currently, the Backpack Exchange has officially launched its beta platform. The registration process is as follows:
1. Register an account on the Backpack Exchange and complete email verification:
– Prepare an email.
– Set a password (must include a combination of uppercase and lowercase letters, numbers, and special characters, and cannot contain spaces).
2. Complete KYC identity verification to comply with anti-money laundering and sanction regulations:
– Account type: Select “Individual” personal account.
– Personal Information: Enter your personal information, which takes about 5 minutes.
– Identity verification: Upload identification documents and undergo facial verification.
It is worth noting that due to the team’s background as former FTX executives, their close relationship with the public chain Solana, and the potential expectations for airdrops, Backpack Exchange has indeed attracted the attention of the cryptocurrency community. However, whether Backpack can truly provide investors with safer trading services after learning from the lessons of FTX is worth our continued attention.
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