Backpack Exchange: A Rewarding Exchange!

What is the innovative, Solana-based cryptocurrency exchange Backpack Exchange that rewards its users? ? How is it used?

What is Backpack Exchange?

The Backpack Exchange is a Solana-based centralized cryptocurrency exchange. It offers a system that rewards its users with points based on their trading volumes. It also has advantages such as privacy, speed, and low transaction fees.

Backpack represents an evolution in cryptocurrency platforms through its volume point system and its own wallet model.

Key Feature Differentiating it from Other Exchanges

The innovative feature that distinguishes Backpack Exchange from other platforms is the volume point system designed to reward users’ platform activities.

By recording the trading volumes of each account, it encourages participation by allowing users to accumulate points that they can use for special platform advantages. Thanks to these points, one can access; discounted fees, special promotions, advanced trading features, and much more.

Through collaborative competition, participants strengthen the exchange holistically while pursuing their personal goals and objectives.

Backpack Wallet

Backpack Exchange is designed with user value and risk reduction in mind. This user-centric approach is realized through the platform’s own wallet infrastructure, the Backpack Wallet, which provides ultimate flexibility and control over digital asset ownership.

Unlike centralized exchanges, the Backpack Wallet allows users to directly control their funds whenever they want and ensures that assets are protected with the best practices in the industry.

Aims to Strengthen the Solana Ecosystem

Solana, designed specifically for high efficiency and transaction speed, offers an ideal foundation to support Backpack’s market positioning and capabilities. Utilizing Solana’s speed, scalability, and low transaction costs, it facilitates high-volume transactions.

At the same time, Backpack aims to strengthen Solana’s technological reputation against rival blockchain ecosystems by supporting platforms that operate natively on Solana.

Experienced Team in the Field

The reputation and reliability of Backpack comes from the founding leadership team. CEO Armani Ferrante is specialized in crypto-based financial products, due to his experience managing critical swap and risk functions at FTX.

Behind Ferrante is Can Sun, the former general counsel of FTX. Sun provides an important balance for the company with his stance against unethical actions.

With detailed knowledge of previous corporate failures and dysfunctions, the team aims to design a safe and sustainable user experience from the start.

Regulated by VARA

Backpack operates under a Virtual Asset Service Provider (VASP) license issued by the Dubai Virtual Asset Regulatory Authority (VARA).

VARA is the world’s first independent regulator for virtual assets. It provides an important framework for Backpack to operate transparently in all jurisdictions.

How to use it?

1. First, register for Backpack Exchange by clicking on this link.
2. Then create your basic account information by filling in the required information.
3. After successfully creating your account, complete the KYC identity verification to enable full account functionality.

You can start using the exchange after creating your account and completing KYC verification.

Assets

You can see the trading pairs you can buy and sell by clicking on the “Assets” button in the upper left corner of the screen.

Buy-Sell

You can reach the buy-sell screen where you can enter orders, watch the chart, and trade by clicking on the “Trade” button in the upper left corner of the screen.

Drop

By clicking on the “Drop” button in the upper left corner of the screen, you can take a look at active and upcoming events, complete tasks and earn various rewards.

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