Backpack

Backpack continues its TGE roadmap into week 4, with roughly 10M points redistributed weekly. The team said the final TGE plan will be published after week 6, and current farming mechanics remain active during the roadmap period.

Backpack provided a roadmap toward its token generation event (TGE) with a 6-week Epilogue and weekly point distributions of ~10M points. The update includes a final Vaults upgrade to allow deposits as collateral and consolidation of spot, margin, perps, lending, predictions into a single cross-margin/cross-collateral balance. Exact TGE timing and liquidity events will be announced after Epilogue.

Backpack reported a claimed net revenue of $20M in October 2025 and a rumored annual figure of $150M. Market pricing on Polymarket places the project's FDV at $500M with a 54% probability on the market contract.

Backpack activated the TGE Verified Badge. Users can open the Backpack app, go to the verification section, complete the required steps and receive the TGE badge once verification is processed. The badge is now available and visible in the app's verification workflow.

Backpack requires a mandatory re-KYC (face scan) for all participants to qualify for points drop rewards; users who fail the process will be disqualified. The team notes current processing delays on Sumsub; if an exchange badge shows TGE Verified, the verification is considered successful despite slow processing.

Backpack publishes tokenomics specifying a total supply of 1,000,000,000 tokens and outlining major allocations. The breakdown allocates 240M (24%) to points and 10M (1%) to Mad Lads. The announcement emphasizes community reward mechanisms tied to the points allocation, notes additional allocation details are forthcoming, and a referral link accompanied the post.

Backpack distributed points for the first week of the Epilogue phase and has started the second week. The project has earmarked 24% of tokens for a future airdrop, reinforcing incentives for continued participation during the current points cycle.

Backpack has launched Week 2 of its points program, and it is now live. The team highlights that earning points early can provide an advantage as totals accumulate over time. Participants who engage promptly may improve their standing for the current round and position themselves better for subsequent weeks within the campaign.

BackPack is running a campaign ahead of its TGE, offering structured participation before token generation. The effort positions activity as part of pre-launch engagement, potentially informing future eligibility or recognition. The campaign is ongoing in the run-up to TGE, with additional details provided by the team.

BackPack published details of its latest campaign, which is part of its pre-TGE engagement. The update clarifies structure and participation aspects of the campaign ahead of token generation. It complements earlier notes about an ongoing pre-TGE effort.

Backpack has begun the Epilogue phase of its points program, with Week 1 of 4 now live. Points redistribution starts immediately, initiating a four-week window during which participant points are recalculated and reallocated across the program’s Epilogue period. This stage spans four consecutive weeks and determines final overall point standings.

Backpack executed a snapshot for holders of NFT MadLads. The snapshot secures eligibility for future rewards or distributions tied to ownership at the captured block. NFT holders should review the snapshot timing and criteria to understand potential benefits, upcoming claim timelines, and any additional requirements announced by the team.

Backpack Exchange announces the final week of Season 4, with a sybil check now live and a strict no multi-accounts rule. Participation requires KYC, depositing funds, and trading during this period. This marks the campaign’s closing phase, and accounts failing verification may be excluded from eligibility and rewards.