箫笙🎒
3.6K posts


On FUD.
FUD is an opportunity to either address misunderstandings or to identify mistakes and simply fix them. With every TGE, emotions run hot, as people focus on a single number, the token price, determining one’s feelings. It’s human nature, and because Backpack has such a large community around the world, spanning from advanced traders in Asia, to wallet users on every network, Mad Lad holders around the world, and everyone in between, the TGE is a time where people vocalize their views.
I would like to address several different topics I’ve seen floating around over the past few days to set the record straight and offer my perspective.
- OTC. I can’t believe I have to say this, no, we aren’t OTCing our own tokens to cash out. See the tokenomics. Fake news. End of story. What is true: buyers reached out to me and asked for OTC. I am happy to help buyers find more tokens. Unfortunately, due to the bad history of other crypto projects using OTC to cash out, folks assumed the worst when they saw me post about OTC in discord.
- Mad Lads. All existing Mad Lad holders pre-TGE retain their Backpack VIP status. New holders do not. Some like this, some hate this. I understand both perspectives. My perspective is that Mad Lads has always been an evolution alongside Backpack. We went from the whitelist games inside Backpack => pre-reveal inside Backpack => reveal boss inside Backpack => xNFT inside Backpack => airdrops inside Backpack => VIP points inside Backpack => the BP token. Each one of these stages created a clear path for Mad Lads to get to the next stage, always focusing on long term holders over people that come and go. There are people that follow the path, and people that do not. There are people that evolve with us and people that do not. Our approach from the day Mad Lads was born has always been to focus people on the Backpack product. Naturally, new people came into Mad Lads with their own pre-conceived notion of what it was or what it should be. This creates tension. But we have always had a strong vision and we will always stick to it. The people that use the product always get to the next stage, where every stage answers a single question: how do we push Backpack forward. When designing token utility, it’s a question of economics, and it would be a disservice to BP to not align incentives around it. There’s an additional nuance worth pointing out: Backpack is different from basically every other product that dropped a mined token because we KYC users and are selective about the regions we open up. Those users have been out of the game, so to speak, not because I want to do that–nothing upsets me more than not being able to serve users in a particular region (what founder would want that?)--but it’s because we have chosen the path of building a crypto native financial institution. That path is long and hard. For these users, we have maintained the path to get to the next stage and have communicated that. When we open up regions, these regions will get their drops, and we will be running new campaigns to get more drops just by using the product, and that brings everyone up to speed with the same VIP benefits of the original pre-TGE seasons. For the long term holders, nothing has changed. The key issue is with respect to new NFT holders. Some people will hate this. Some will think it’s sound economics. I understand both perspectives. We are doing what we think is best.
- Sybills. Our goal was to protect retail users competing for points against sophisticated players splitting accounts and giving themselves an unfair advantage over those that don’t. The mistake we made: our process was too black and white. From the team’s point of view, we had a line and we stuck to it. From the community’s point of view, the line is nuanced. We did not sufficiently take that into consideration.
- Price/FDV. With every token comes the human nature to think about the price at all times. There are good ways to think about price and there are clearly illegal ways to think about price. Our position is simple, we are building over a long period of time, and we are not making short term decisions. 24h post-TGE FDV is not a meaningful metric. Even 1 week post-TGE FDV is not a meaningful metric. If you ask anyone that’s ever built anything, they’ll tell you the same. Many people will take issue with that statement, and that’s ok. Ultimately, you have to look at our incentives and decide for yourself. The fact of the matter is that the team and I are incentivized to make Backpack a success with arguably the most extreme tokenomics ever created. What happens if the token goes to zero and stays there? Our company fails, and we get nothing. Some people might rebut saying that we get rich from the company revenue. No. That is simply not how companies work. We don’t get rich from a bad token price. We are punished in the most extreme possible way. And we are rewarded in the most extreme way only if we achieve all of our hopes and dreams. The way it should be. This is by design. Beyond this post you won’t see me talk about price or FDV. You will see me talking about building and creating long term value. And it’s only by doing that, can BP become a success.
Every project goes through trials and tribulations. This is certainly a moment for us. We are nothing without our community, and we will serve it in the best way we know how. I have complete conviction, I am all in, and the team is all in. Don’t trust us, look at the tokenomics to decide for yourself.
Thank you for reading this. Thank you especially to those that have supported us this week. It means a lot. We will continue to review the above, particularly the cases around sybils, and get back to building.
English

2026国情咨文,川普总统结语,与神同在:
没有美国人无法克服的挑战。没有我们无法征服的疆界。没有我们无法追逐的梦想。没有我们无法企及的远方。
因为我们的命运由天意安排,而这最初的250年仅仅是个开始。
从德克萨斯州崎岖的边境小镇,到密歇根州腹地的村庄;从佛罗里达州阳光普照的海岸,到达科他州无垠的田野;从费城历史悠久的街道,到我们国家的首都华盛顿特区。
美国的黄金时代已经来临。始于1776年的革命尚未结束。它之所以能够延续,是因为自由与独立的火焰依然在每一位美国爱国者的心中熊熊燃烧。
我们的未来将会比以往任何时候都更加伟大、美好、光明、勇敢和辉煌。
谢谢大家,愿上帝保佑你们,愿上帝保佑美国!
中文

郭文贵先生:我一晚上在想,共产党,这个账咱得算了,咱走着瞧‼️‼️‼️
你让我失去的,你让我所有这个屏幕上战友们失去的,和他们恐惧的,我都会让你亲自尝一遍🚨🚨🚨
一切刚刚开始🔥🔥🔥
#中共不等于中国人
#爆料革命新中国联邦创始人郭文贵先生
#释放郭文贵先生
追着曙光跑🔥银河系🚀🚀🚀@tchigtvnews
🚨七哥:班农先生当年离开白宫去了北京,是王岐山让中信的专机从香港接到北京,由当时王岐山的铁哥们、长期驻扎在北京的高盛的前总裁约翰·桑顿代表王岐山用专机接到北京,约翰·桑顿是贾庆林的女儿的孩子的亲干爹,贾庆林又是习近平先生的绝对第一教父。 班农先生到北京以后,王岐山非常客气,跟他客气一番,“叭”脸一拉,班农先生说突然变了个人,魔鬼一样,一句川普总统都不谈,谈得最核心的问题: 最核心的你在搞什么Populism,就是平民运动,你搞这干啥呀?我可以给你钱啊! 讲平民运动,你不能搞平民运动,你不要在亚洲香港搞,这是核心! 今天香港就是平民运动,我们的爆料革命就是平民运动。 就这还不算,第二条说了,华尔街真的会跟你搞平民运动吗?华尔街能让你们生存吗? 再一个就是川普总统你们不要跟共产党为敌,中国这个国家现在是共产党管着的,一切都是共产党的,山、水、空间,所有都是共产党的,你见过人类上空前有这么大的权力集中吗?你想挑战吗?那你找死!
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