Backpack, a recently emerging exchange, is making significant strides by focusing on a range of major token projects and Solana-based tokens. The exchange has consistently emphasized its dedication to serving Solana users while also generously distributing airdrops to active users on the platform.
Let’s explore how to maximize your opportunities through this Backpack Airdrop Guide.
About Backpack
Backpack Exchange is a regulated, centralized cryptocurrency exchange (CEX) that operates globally, designed to provide a secure and user-friendly platform for trading digital assets. The platform is built on a private blockchain tailored specifically for exchange operations, where each deposit, withdrawal, order placement, and cancellation is verified by independent nodes on the network.
It offers features like spot trading, with plans for margin trading, derivatives, and cross-collateral options in the future. The exchange emphasizes self-custody, allowing users to maintain control over their assets, and integrates with the high-speed Solana blockchain for fast, low-cost transactions.
Learn more: What is Backpack Exchange?
Beyond trading, Backpack Exchange is part of a broader ecosystem that includes the Backpack Wallet, a self-custodial wallet supporting multiple blockchains (e.g., Solana, Ethereum), and the Mad Lads NFT collection, enhancing community engagement. It also features a unique points-based rewards system tied to your volume, offering benefits like discounted fees and exclusive perks.
Recently, in January 2025, Backpack acquired FTX EU, the European arm of the bankrupt FTX, for $32.7 million, expanding its offerings to include regulated crypto derivatives in the EU.
The project has raised a total of 37 million USD from 2 funding rounds. Some of the notable VCs on the list include Jump Crypto, FTX Ventures, Multicoin Capital, and Wintermute.
Source: Crypto Fundraising
Positive Signals Regarding the Future Launch of Backpack’s Token
In late 2024, Backpack’s CEO, Armani Ferrante, hinted at the potential for a native token for the Backpack exchange in the future. The current focus is on product development and, immediately, the recently launched Backpack point system. Subsequently, an Airdrop or TGE for Backpack is anticipated to occur sooner rather than later.
First product. Then token.
— Armani Ferrante (@armaniferrante) December 1, 2024
Backpack Airdrop Guide
Backpack Exchange Trade-to-Airdrop Season 1
On X, the project recently announced the snapshot for 475k+ users who contributed to the platform during the pre-season and public beta as well as Mad Lads NFT holders, scheduled for 2025-03-20.
Historically, farming trading volume on Backpack has yielded numerous benefits, including being considered for potential future Airdrops and receiving Airdrops of other tokens within the Solana ecosystem, such as Tensor (TNSR), Wormhole (W), and io.net (IO). These are all major projects, rather than memecoins, demonstrating the growing influence being established by Backpack Exchange.
Season 1 has been launched with a point-based mechanism tied to volume traded by users, expected to conclude on 2025-05-30.
Backpack users can actively trade to accumulate points, thereby enhancing their ranking. Point updates will occur every Friday. The ranking system consists of six levels: Bronze, Silver, Gold, Platinum, Diamond, Challenger.
Source: Backpack
How to Earn Points Optimally in the Backpack Airdrop Campaign?
Step 1
- Log in to Backpack Exchange. Choose your preferred business/individual account.
Login to the exchange
Step 2
- Complete the entire KYC process and enable 2-factor authentication (2FA) here.
Verification step
Step 3
- Click on the word “Deposit” at the top of the interface as shown.
Click to the “Deposit” buton
- Once you have completed the verification process, prepare an amount of stablecoin, either USDC or USDT, on your Solana network wallet (mostly Phantom or Backpack wallet). Following that, deposit the stablecoins you hold in your wallet to the appropriate address on the exchange. (Remember to double-check).
Deposit your stablecoin to the exchange
Step 4
Begin trading. Backpack offers two primary service types: Spot Trading and Futures Trading. You can choose your investment targets based on your taste.
However, please note that the opportunity to receive Airdrops is based on volume on the exchange. This implies that you need to engage in continuous Buy and Sell transactions to rapidly increase your trading volume. Try to focus on farming as much volume as possible; the chance of receiving an airdrop from Backpack will be more obvious.
Another note is that you should not trade stablecoin trading pairs such as USDT/USDC, otherwise the volume statistics will be difficult to recognize.
- To check your trading volume, click on the “Portfolio” icon, then go to “Trade” and finally “Performance” to track your volume progress.
Check your volume – Source: Backpack
- To see your current points, click here to check.
Conclusion
The Backpack Airdrop presents a significant opportunity for investors to potentially realize substantial returns, reaching into the thousands of USD. The launch of Backpack’s Season 1 point system occurs amidst a period where the Solana ecosystem is experiencing relative stagnation compared to other blockchain networks.
Learn more: Why is Farming Airdrop Preferred by New Investors?
Consequently, this program serves as a catalyst to stimulate increased capital inflow into both the Solana ecosystem and centralized exchanges like Backpack Exchange.
