Armani Ferrante

@ngbackpack <3

As we count down to TGE, I just want to take a moment to give a heartfelt shoutout to the people who’ve been part of this journey with me. I know I can’t name everyone, but please know you’re all remembered and truly appreciated. I’m genuinely grateful for every conversation, every insight, and every bit of energy you’ve shared along the way. Most of you aren’t just “online friends”, you’re real friends to me. I don’t have a big circle, so the time we’ve spent chatting, staying on top of the market, sharing speculations, passing around hopium, and joking about whether this token will get us a house or a car… those are moments I won’t forget anytime soon. And somehow, even the quiet hope that one day we’ll all make it back to break-even together after all the market crashes makes it even more special. I’ve seen how incredibly bullish and committed many of you have been, putting in your time, effort, and yes, your own capital into Backpack. No matter how things turn out, I truly value what we’ve shared. Whether we end up as millionaires or billionaires 🤣, I’m just grateful we went through this together. Wishing all of us a smooth and exciting TGE. And I really hope this is just the beginning, because after TGE, there are still so many events, opportunities, and products ahead of us. Backpack still has so much more to offer, and I’m genuinely very bullish on what’s ahead 🎒

Go big or go home 🎒

@mamasisiweiwei Will be out in the next deploy. Thanks for bringing this up.

@armaniferrante Boss, can we cut down the BTC withdraw fee. Binance only costs $1 on BTC mainnet, but backpack costs nearly $10.

If you're building for the future and not looking for an exit, the bear market is the best time to TGE.

@marja_sea ❤️

i am so back @armaniferrante and happy

@saidmidegilmi We didn't do anything, and weren't involved. They did it themselves. Pre-market perps are a common thing.

@armaniferrante Hi Armani, may i ask why did you allow some of the platforms list $BP before launch? Pre Tge?

The ticker is $BP.

@kshkorea13 @KittaKitka Get them to download the app

@armaniferrante @KittaKitka People who maliciously spread FUD rarely change. We need to crush them!!! I'm so furious!!

🔥 BACKPACK what will happen at TGE? The most sensitive question of the last few days and I think it won’t let us go until the TGE itself. What do I think will happen next.... ... First, what’s good - there is a lot of attention. It doesn’t matter if it’s positive or negative - BACKPACK is being talked about everywhere. In private chats, in channels, on X - it’s being discussed everywhere. Several exchanges have already launched their premkets, launchpads, futures... Everyone wants to grab a piece. There hasn’t been this much attention for several months, or maybe even more if we exclude LIGHTER. That’s good. Second, no less important. Ignore Polymarket valuation. Ignore BYBIT and PACIFICA futures. All of this are initiatives of the exchanges themselves, where they define valuation and liquidity. In the case of Polymarket - it’s people’s sentiment. That it is negative - goes without saying. After the Paradox launch - everyone got scared. One listing and the sentiment changes 180 degrees. Sentiment is different, some sidelined and FUD/make fun, some continue to support, some are just negative because they are scared, since they invested too much time and effort, and premarket futures not only don’t make them happy, but push them into depression. BUT! This does not reflect at all what we will see at TGE. A week ago the market was much more negative and red, this week a lot can also change. What the team has planned - nobody knows. And for a year of working with them - I haven’t noticed any подвох from them. Every time any question was always resolved in favor of the user. They have always been very community oriented. What changed now? I will be veeeeeery surprised if in the end there will be a launch at premarket valuations. They spent tens of millions of dollars on licenses. On team expansion. On product development and whether you like it or not, no competitor has made this many new ideas and implementations. Everyone who used the product for a long time - if you remove the negativity of the last days - will confirm that other exchanges after BP are really not convenient. And after all this just to mess up the most important day of the last years? Hard to believe in that. What features? - 0% swaps and bridges in the wallet and on the exchange - Instant withdrawals (literally up to 10 seconds money is sent) - Autolend. This is utility for all your tokens. APR + collateral in trading - future IPO. Potentially one of the biggest narratives, with 0 competitors. Only xStocks from Kraken, which will give a partially similar product, but unlike BP it is trading wrapped assets Yes volumes dropped after the end of the season, but TVL remained as it was. And if the team performs now - I am sure all metrics will go up. So guys, we wait for TGE and enjoy the show. P.s. once there was a conversation with Armani (I wasn’t going to add the screenshot) (while writing the post he gave permission, so I added it, haha) Me: What do you think about big communities that are preparing “the biggest short” in recent times A: These are the guys I want to beat the most P.P.S. 5 days to the finale

Fwiw, the reason why I'm forever bullish on new L1s is that one developer/startup can change everything. It's the demented, stubborn engineers that do things that others won't that go the furthest. You don't need a huge machine. You just need to inspire a small number of really good people. That is what imo Solana did well. It had the worst developer onboarding probably of all L1s. That has since changed but that is relatively recent thing. One Trent or one Alessandro is enough.

I agree and a lot of people don't understand the incredible dev training and startup incubation machine that has been built around Solana, especially coliseum, etc. ...there are no Ethereum equivalents, like not even 'Temu versions' of what Solana has counterpoint is that it's becoming less and less expensive to bootstrap with AI, and Ethereum is easier/cheaper/more stable to build on with lots of composability options with corpo L2s that may support you (like Base)....

"Go look at crypto startup incubators. How many of them are building on Ethereum mainnet?" I think this is the biggest problem on Ethereum right now. Builders want to build in the ecosystem where they can get support (only if you are not so delusional like me and just fighting for Ethereum) - it's a pragmatic way for any founder. In Ethereum there are not a lot of ways to get any kind of support tbh. If you are a new builder/founder the chance to get any support is 0 I know what I am saying because before getting first funding for our Ethereum community in Ukraine I was spending my own funds for almost a year. There are so small amount of people who are ready to sacrifice their own time, money to fight for Ethereum with a high chance getting nothing in the end And no one seems to solving this issue or taking responsibility. There is a big void in Ethereum ecosystem right now in terms of founders support and this is the biggest issue right now IMO But I am happy that at least EF is moving faster with Ethereum core upgrades & makes it better. CROPS is also great. But this is not enough guys

@chainyoda Separate problem

@armaniferrante So I tell them when they have runway

Don’t do this. Think like a proper tech co and build a product and a business. Slap token in bull

@chainyoda Don't quit

@armaniferrante No bro. Funded founders quitting after token zero

@crypto_catttt @immrlabz @MEXC_Official @Bybit_Official @Backpack No idea. Not us.

@armaniferrante @immrlabz @MEXC_Official @Bybit_Official @Backpack Where did the reward tokens for their event come from？

@lucianodeangeIo I don't unfortunately

@armaniferrante do you have a farcaster account? was gonna share there and tag you

@immrlabz @MEXC_Official @Bybit_Official @Backpack No idea. I'd say it's pretty awesome that they want to share the moment with their community though.

@armaniferrante Can you explain why cex like @MEXC_Official @Bybit_Official and other add @Backpack token events with $BP rewards? Dirty moves from CEXs?

@Jukkiewibe TGE on the 23 x.com/Backpack/statu…

@armaniferrante When can i buy this token amd is there a airdrop

@Mainmijo @Backpack Email support@backpack.exchange and you'll be guided.

Is there anyway to get a backpack exchange account back after losing the authenticator code?? @Backpack @armaniferrante 😔