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(Potential) Backpack Airdrop Guide and Wallet Details on Solana

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  • Backpack is a Solana-based web3 wallet that functions as a non-custodial wallet. 
  • The popularity of the wallet started when the Backpack ecosystem introduced Mad Lads, an executable NFT (xNFT) that is currently among the top PFP collections on Solana.
  • Backpack’s front feature is its “Boost Your Program.” Basically, when Backpack users connect their Backpack wallet to these dapps to join an airdrop program, they can boost their crypto points.

Today’s airdrop campaigns have been gamified. This means that participants have to do tasks, execute transactions, and even hold certain tokens.

However, the similarities between these campaigns are prominent—participants have to connect their web3 wallets first. 

In the Solana ecosystem, there is a wallet that can be used to boost ‌crypto points from the airdrop campaigns of other projects. 

Consequently, it introduced its own exchange, which is also expected to host an airdrop.  

Read more:

Backpack Ecosystem: A Brief Overview

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Backpack (https://backpack.app/) is a Solana-based web3 wallet that functions as a non-custodial wallet. 

Within Backpack Wallet, users can: 

  • Send and receive tokens
  • Swap crypto
  • Buy crypto with fiat 
  • Hold NFTs
  • Trade NFTs
  • Interact with xNFTs 

The popularity of the wallet started when the Backpack ecosystem introduced, Mad Lads, an executable NFT (xNFT) that is currently among the top PFP collections on Solana. It is because Mad Lads NFTs can be stored and traded on the Backpack wallet. 

Aside from the wallet and an xNFT collection, the Backpack ecosystem also has Anchor, a Solana smart contract framework. 

Photo for the Article - (Potential) Backpack Airdrop Guide and Wallet Details on Solana

“The Backpack team is an all-star team that really understands the community with a focus on building compliant services. Their ability to create the best user experience is top-notch, and the synergies within their ecosystem are evidenced by their strong track record of user acquisition within the industry to date,” an investor commented during Backpack’s strategic series round A campaign. 

Read: Solana Wallet Backpack Secures $17M Funding 

Benefits of Backpack Wallet: Multiplier to Other Airdrop Programs

Backpack’s front feature is its “Boost Your Program.” Basically, when Backpack users connect their Backpack wallet to these dapps to join an airdrop program, they can boost their crypto points. 

  • MarginFi: x1.05 
  • Zeta Markets: x1.1
  • Tensor: x1.25
Photo for the Article - (Potential) Backpack Airdrop Guide and Wallet Details on Solana

Multipliers literally multiply the crypto points collected by participants in an airdrop campaign. 

In this case, if a participant joined the crypto points system of these three dapps, and collected 1,000 points, using the Backpack wallet would result in them having: 

  • MarginFi: 1,050 points
  • Zeta Markets: 1,100 points
  • Tensor: 1.250 points

Backpack Exchange: Earn Points by Trading

Before 2023 ended, Backpack introduced its own exchange, the Backpack Exchange (https://backpack.exchange/), which is regulated by the Virtual Assets Regulatory Authority of Dubai. 

On February 14, 2024, it started its seems-to-be airdrop campaign by announcing that “Volume matters: Starting 2/14, trade to compete for your Rank.”

Technically, the exchange seems to follow a leaderboard system where the reward that a participant might get depends on their rank or tier. 

As of this writing, the Backpack Exchange is still in Beta mode, and its airdrop campaign is said to be happening to promote the exchange. 

The airdrop campaign also seems to happen in multiple seasons, as it is currently in its “pre-season” phase. 

Photo for the Article - (Potential) Backpack Airdrop Guide and Wallet Details on Solana

No further details have been disclosed yet, and most are just speculations and intelligent guesses. The rewards are also not yet known if it will be Backpack’s native token, a free gas fee, or xNFTs. 

To be safe, interested participants can: 

This article is published on BitPinas: (Potential) Backpack Airdrop Guide and Wallet Details on Solana

Disclaimer:

  • Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
  • BitPinas provides content for informational purposes only and does not constitute investment advice. Your actions are solely your own responsibility. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.

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