Early where it matters. Loud when it counts. Local Mad Lad. Trading on @Backpack

Backpack Universe
Joined June 2012
Sad to see. Looks like you didn't know money laundering was not allowed?
Sad to see. Looks like they really didn't know the local policies? But it's not the first time either, same thing happened less than a year ago: xitter.cf/wublockchain12/status/…
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This guy is trying so hard to fud $BP the past few weeks, surprisingly after the huge rise in price. Saying equity is overpriced etc, like any other exchange token EVER offered equity to their holders or stakers! Someone canny would think that this guy missed the train early.
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Funny how all these bot accounts keep spamming the replies supporting him haha
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Georman πŸ‡¬πŸ‡· retweeted
Replying to @GeormanZ @bread_
Buybacks are an incredibly important mechanism
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Just asked Armani directly if Backpack's exchange revenue will be used to buy back $BP . His exact response: "Buyback is an important mechanism." Read between the lines. When the founder acknowledges the mechanism, the endgame is clear. A CEX token with actual revenue capture creates a permanent supply sink. $BP is coiled.
Replying to @GeormanZ @bread_
Buybacks are an incredibly important mechanism
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Is $MAGIC back?πŸ€” +70% price increase in a day. 130m spot volume for a 35m market cap token. Who still remembers Legions and Smol Brains?
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.@garyvee still holding your Smol???
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Backpack is my highest conviction in crypto πŸŽ’
Backpack is my highest conviction in crypto
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Huge update ! Souvenir could be the onchain Whatnot of @solana .
The Souvenir marketplace is here. Sellers list their own goods or services as prizes, any coin can pick them, and the money waits in escrow until the winner has the item. We’re starting with a few trusted sellers and opening it to more over the next weeks
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Georman πŸ‡¬πŸ‡· retweeted
Creators on Souvenir now decide who their coin rewards. And any NFT collection with a real market can be the prize. Both are live. Set the odds Until today every Souvenir coin worked one way: one coin held, one ticket. The biggest wallets had the best odds. Now the creator picks the rule at launch: Standard: one ticket per coin held. Hard cap: no wallet counts past 1, 2, 3 or 5% of supply. Hold 20% under a 1% cap and your odds match a 1% holder's. Soft cap: past the cap, each slice counts half the one before, so no wallet ever counts for more than twice the cap. Square root: 100Γ— the coins gets 10Γ— the odds, not 100Γ—. Add a minimum holding of 0.001, 0.01 or 0.1% to keep dust wallets out. Holding streaks still stack on top, so the longer you hold, the better your odds. The rule is locked at launch and committed on chain with every draw, so anyone can check the winner was picked under it. If no wallet meets the minimum, that round counts every holder. A minimum never strands a pot. So a creator can build the coin they want: one that rewards its biggest backers, or one where the whole community has a real shot. Pick any NFT NFT prizes started with 9 hand-picked collections, from Mad Lads to Claynosaurz. Now the community adds the rest. Paste a Tensor or Magic Eden link in the launch form and Souvenir checks the collection on the spot: verified, at least 15 listed, real trading this week, a floor between $20 and $25,000, at most 7.2% in fees and royalties, and a simulated buy that goes through. If it passes, you can launch with it right away, marked "Added by the community". Collections are re-checked every 6 hours. At each draw, Souvenir buys the cheapest listed NFT on chain and sends it to the winner. Nothing to claim. That means any Solana NFT community with a real market can now run a coin on its own collection. Trading fills the pot, the pot buys from the floor, and a holder gets the NFT. The more the coin trades, the more floor NFTs get bought. souvenir.finance/launch
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Seems like Citrini research owns a nice chunk of $BP πŸ‘€
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This billboard is cool, indeed.πŸ‘€
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Top 3 PumpFun calls in just 24 hours. ​I guess you could say I’m getting pretty good at trading attention. Right, @a1lon9 ?
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Solana trenchers want just one thing:
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Georman πŸ‡¬πŸ‡· retweeted
This week on Souvenir: - The marketplace opens: sell your goods as prizes, or launch a coin for them. - Last Call, Oct 13: a quiet coin's pot is drawn for holders. - The Souvenir app goes to the dApp Store. - More stores, more countries. The roadmap:
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Georman πŸ‡¬πŸ‡· retweeted
Armani Ferrante on Backpack’s regulated, unified market structure at #TOKEN2049. β€œWe have a single platform that everything is going to plug into. International, Japan, Europe, US. Single layer that bridges kind of DeFi and TradFi in a way that nobody’s done before.” β€œWe want to be this regulated backbone, not just for our own products, but for the entire Solana ecosystem.”
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Wen lambo?
Everyone's pairing their coin with $RACE today. That's one tokenized share of Ferrari, about $385. We pair coins with the whole car. A pre-owned Ferrari Portofino: when a coin's pot covers it, one holder wins it, bought from a Ferrari dealer and registered in their name. Roughly 520 $RACE, parked in a driveway. US driveways only (for now). Anywhere else, the winner takes 66% of its worth in SOL. souvenir.finance
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Pro tip: You cant panic sell your $BP in a dip when its 100% staked on @Backpack Fock it , higher
Two big whales decided to sell solana:BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy last night: > ~1.4M BP sold in less than five minutes. > Frank sold his 1M BP bag for a ~$350k profit. BP price was around $1.25 and its at $1.09 (-12%) after these two big sellings. Bullish if you ask me πŸŽ’
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