Borgy - 🎒

@fia It's good the @fia was only planning to risk the safety and lives of the drivers for the opening phase, not the whole season. Well done. Maybe for phase 2, a no helmets policy might give better visuals and increase ratings. Worth considering

Following the accident involving Oliver Bearman at the Japanese Grand Prix and the contribution of high closing speeds in the accident, the FIA would like to provide the following clarifications. #FIA #F1 #JapaneseGP

The market determines the price. Anyone who thinks otherwise doesn't understand how the markets work. @Backpack and @MadLads have outlasted 1 bear, they will outlast many more. 🧱🧱

Well said. The crypto market is not the highs it was a year ago or 2 years ago. @Backpack is building a real product and a real company, not just trying to give holders good exit liquidity. I minted a lad in a bear. I'll claim my $BP in another bear. Its a rug always @MadLads

Stake more, unlock better utility. Staking page is now live: backpack.exchange/bp

I guess you’re probably asking with regards to the token so also worth mentioning - we are allowing active stakes to convert tokens into equity in the company (totally optional and mainly a protection mechanism) - we’re building an IPO product where you will be able to buy real equity shares of companies at IPO before they hit national stock exchanges—Backpack will be a stop on the “roadshow” when companies go public - as part of staking the token, we will be offering an IPO purchase allocation to all token holders so they don’t have to choose between tokens and equities

IRAN CAN'T KEEP STRAIT CLOSED - Paul Warburg On Iran War x.com/i/broadcasts/1…

Tokenized IPOs on Solana. Backpack 🤝 Superstate 🤝 Solana

I didn't come into crypto 9 years ago to launch a shit coin. I didn't come into crypto to get rich quick. I came into crypto because I believe it's going to change the world, and that the industry was something worth dedicating my life to. But somewhere along the way, amidst the booms, the busts, the moonshots, the decentralization theater, and the straight up scams, we lost our way. I don't know about you, but I'm just tired of false promises. And that's what most things are today, simply promises. We live in the most centralized era crypto has ever experienced, and the more centralized something is, the less meaningful a token is. While it's tempting to want to commit to these same promises, what happens if the team gets acquired? What happens if we want to re-invest into growth? What happens if we divert our time, energy, and resources out of band and circumvent the token altogether? What happens when the team and investors unlock? For many projects, the honest answer to these questions is not pleasant, and you see it in the price chart over and over again. Unless something is completely decentralized to the point where an immutable protocol can function with the team having retired in the Bahamas sipping pina coladas all day, then utility is just a promise. Often that promise is admirable and well intentioned--but ultimately an unenforceable promise nonetheless. Outside of BTC, ETH, SOL, and a few others, nothing really passes this test. Noble new token models have emerged to solve this problem (shout out to MetaDAO), and today, we introduce our own. Users that stake the Backpack token for at least a year will have the opportunity to exchange those tokens for equity at a fixed ratio--20% of the company today. It's such a simple idea, but as far as I'm aware, this is the first time a user has been able to earn the equity of a company by just using the product. So obvious in hindsight, and something I hope others start to adopt as they march on their path to progressive decentralization--both in crypto and outside of the industry. We have a lot more utility coming, things we'll share over the coming weeks, months, and year. As the Backpack community grows, we will decentralize the token, offering new things over time, some centralized like our equity offering, some decentralized as our product evolves. In the limit, I expect the token to represent more than anything a single company has to offer, but in the short run, it's the best we can do to show our long term commitment to our users. I've said it before and I'll say it again. I can't promise anything. The only thing I can promise is commitment. We go big or we go home--together, actually together.

@MadLads was built in a bear market. Makes sense that @Backpack continues the trend. Lfg

Lfg @Backpack @MadLads

25% on TGE Here's the entire token distribution Utility coming next 🎒

@MadLads Gm

gm to everyone holding a Mad Lad gn to everyone who sold theirs

0% swapping fees in both @Backpack wallet and exchange

After @Backpack said VCs won’t receive the airdrop, I keep getting asked: “Is this just another Hyperliquid play?” No. Hyperliquid is a killer trading product. Backpack is building a full neo-fin stack - trading is only one lane. Think: trade + earn + spend + rails (same account, same ecosystem). What’s coming / being built: •low/zero fees on key rails (on/off-ramp where possible) •cards & payments •credit / lending (TBA) •yield / APR products •prediction markets Not a DEX narrative. A neo-fin institution narrative. 🎒 Fock it. Send it. Higher!

Rug incoming @MadLads @Backpack

@MadLads It's a rug

Announcement: Nothing but love to our Mad Lads every rumor needs clarity very simply put, here's the truth expectations got a little wild reality check time Getting straight to the point our community deserves honesty no Backpack airdrop is coming neither now nor later and we won't tease you otherwise Given that, we still ride together in this space, transparency matters value is built long term every Lad knows that You're here for culture ownership beats airdrops unshakeable vibes always Understand this clearly please don't believe the hype Thank you for everything