Backpack is finally launching its token! It’s been delayed for way too long. They’ve been talking about launching since 2024, but now they’re doing it during the bear market, missing the best timing. But hey, it’s also a test for the team to survive through bull and bear markets. 25% TGE is a huge amount, 24% goes to users, and 1% is allocated to Mad Lads NFT holders. But! The quota I grinded for in 2024 doesn’t count, no airdrop for me. This airdrop is based on points. There’s going to be a lot of selling pressure, and since the team is exiting through equity rather than token ownership, they might not care much about the token price. @Backpack is one of the few centralized exchanges that can be used in the U.S., and they’ve secured a lot of licenses. Personally, I find it more user-friendly than Coinbase. Looking forward to seeing them expand further in the North American market.