

ℂ𝕦𝕣𝕚𝕠𝕦𝕤 👀
29.3K posts

@Krypto_Curious
Web4 BD🤝| DeFi - RWA, NFT| Web3 builds 🟦 | Fast learner adding real value daily | DMs open for collabs & chats





Every time the @Backpack token price drops, the crowd screams for a buyback and burn. The idea is simple. Backpack would use part of its revenue to buy $BP on the open market and burn it. More buying pressure, price goes up. Sounds great right? Short term, sure. But let’s think about this for a second. Money can only be spent once. So as a long term believer, where would you rather see that money go? Into the hands of non believers looking for exit liquidity? Or invested into building long term value? A buyback and burn is essentially subsidizing the people who want out at the expense of the people who want to stay. This is exactly why Backpack’s IPO structure is brilliant. They’re the first to offer real value to early supporters and long term believers without compromising on investing in the future of the company. Your $BP tokens staked for over a year convert into equity. That’s not a short term pump. That’s ownership in a company that’s building for the next decade. There’s no such thing as free money. But what does exist? Money makes money. Study Backpack.









