u/CarefulCan7134

the people joining backpack should tell you everything about where this is going

Armani is quietly putting together one of the strongest teams in crypto

mark wetjen as president of backpack US — former CFTC commissioner. the guy helped write the rules that regulate crypto derivatives in america. having him for the us expansion is not a small thing

nathan smith as COO — former technical lead at coinbase. one of the most important exchanges ever built and he was running the tech there

and solana coach as mad lads community manager. if you know you know

people at this level don't join projects they don't believe in. they have options. they chose backpack

the current $BP price is not the story. the team being assembled is the story

reddit.com
u/CarefulCan7134 — 18 hours ago

Armani Ferrante explains backpack from the ftx collapse to the $BP tge — full podcast

ftx wiped out 90% of backpack’s balance sheet. armani decided not to quit

this podcast covers the full story. ftx collapse, mad lads, unified margin accounts, why your broker actually holds your stocks and how backpack changes that, japan expansion and a lot more

ngl one of the best interviews i’ve seen on backpack and armani. covers things most people don’t know about the project

worth watching before forming an opinion on $BP long term

full podcast: https://x.com/kevinwshpod/status/2039711273034936809?s=46

u/CarefulCan7134 — 4 days ago

0% bridge fees on backpack wallet is underrated

most wallets quietly charge 0.5% to 1% on every bridge. backpack charges zero

no hidden spread no platform fee. what you see is what you get

u/CarefulCan7134 — 5 days ago

my biggest web3 lesson and why $BP is my bet right now

been in crypto long enough to know that success takes longer than you want and then happens faster than you can imagine

backpack survived ftx, launched mad lads, acquired ftx eu, returned $35M to users, got regulated in 5 jurisdictions and just launched $BP with zero team tokens

that’s not luck. that’s execution over time

staking mine long term. anyone else in?

reddit.com
u/CarefulCan7134 — 6 days ago

$BP is not just a token you actually own a piece of backpack

real equity. real ipo. real shareholders.

staking $BP converts to actual company equity. if backpack screws shareholders they can literally be sued

ngl this is the part most people are sleeping on

reddit.com
u/CarefulCan7134 — 8 days ago