GothicShanon

Any updates sir?

Let's clarify this; if you are him, please prove it.

The bad days of the crypto market started here.

This is a fight for justice $GS

- No insiders - No VCs - No team tokens Just users Backpack TGE is tomorrow 🎒 Stake or dump? Let's find out: 1️⃣ Tokenomics - 25% at TGE (24% points + 1% Mad Lads) - 37.5% pre-IPO (unlocked by achievements) - 37.5% post-IPO (fully locked until 1 year post-IPO) The community will be the only one holding tokens for the first weeks, and new tokens only get "minted" when certain milestones are achieved. What those milestones look like is unknown so far. The whole idea is similar to MetaDAO's idea of unlocking team tokens at certain FDV thresholds — but still very different. Pre-IPO tokens don't all go to the team, and it's more important for Backpack to meet company KPIs than to hit a certain FDV. Team allocation goes to the "Corporate Treasury," locked until at least one year post-IPO. The team owns equity in the company, and the company owns a large share of the token supply. 2️⃣ TGE and Airdrop As mentioned, the community will own 100% of the circulating supply. Prediction markets currently suggest an FDV of $300M, which would imply an airdrop worth $75M and 1 point = $0.20. 1 Backpack point ≈ $0.20 1 Mad Lad ≈ $350* *I doubt everyone will get the same allocation for Mad Lads tho. Armani has always talked about rewarding loyalty — see a proposed model below. Overall, short-term price action shouldn't be overvalued, especially in a bear market and with a project like Backpack. This could take months or years to reach the price it deserves. 3️⃣ IPO Model While other exchanges like Binance, Crypto. com, and KuCoin mostly did ICOs or private sales with less than 15% initial supply, Backpack is going dual: token and IPO. A dual model means profits are somehow split between token holders and equity holders. That usually ends with either two weak assets — or one strong and one down bad. Guess which one is normally down bad... There's a risk we get a token that the team and investors don't actually want to hold. And IPOs take years. The upside? The token will likely trade at a premium pre-IPO. A dual system (token + equity) has never worked before. But honestly if anyone can pull it off, it's Backpack. 4️⃣ Numbers and future - $400B+ cumulative trading volume - $100M+ annual revenue in 2025 - $1B pre-money valuation (unicorn status) - 150+ countries served Future plans include: - Tokenized stock trading (real ownership rights) - Physical cards - Checking and savings accounts - Real-world assets (gold, oil, commodities) 5️⃣ Stake or dump? Backpack announced that 20% of their equity will go to users who stake for 1 year — something no one has done before. This gives the community a real chance to own a piece of the company. (Love this.) But this market is tough, and I know a lot of farmers who've been waiting on this airdrop for months trying to offset losses. People need liquidity. The price action isn't in Armani's hands, but I'm sure $BP will find its fair price over the years. If you need the money — dump it. The price could definitely go lower. If you don't, and you believe in Backpack's vision join the experiment and forget about what you staked. There's a solid chance you get rewarded in a few years. Overall, you can complain that the whole seasons thingy went on way too long but Backpack is one of the teams in crypto with the highest moral compass. They tried to do things the right way, without creating unnecessary risk for themselves, the platform, or the community.

Notcoin airdropped 8x more money than Backpack will airdrop today. Boys, do you realise how fucked that is? Notcoin - just a mobile tap game. Backpack - a big DEX with complete infra and its own ecosystem behind it. Notcoin - you just tapped. Backpack - people sat for days and traded meticulously just to farm points. Yeah, I know that Notcoin had a serious team and real budget too BUT the most insane part is that people actually LOST REAL MONEY farming Backpack, cause they got liquidated, got bled by fees, or kept farming dumping tokens. And it still ends up a way smaller payout. How is that not completely absurd?