The situation is straightforward: Users who don’t complete KYC may not be eligible to claim tokens during TGE.

This early rollout aims to reduce congestion on distribution day and ensure a smoother claim process.

Why now?

Backpack describes this verification as the “first step.” This isn’t just about account security.

At this stage, token claim eligibility is determined early, bot and multi-account risks are filtered out, regional compliance checks are completed, and potential technical bottlenecks on TGE day are minimized. Users who complete KYC are effectively positioned for the upcoming distribution mechanism.

How many tokens unlock at TGE?

According to Backpack’s token allocation details, 25% of the total supply — 250 million tokens — will enter circulation at TGE.

The breakdown looks like this:

• 240 million tokens (24%) allocated to users who previously accumulated points on the platform

• 10 million tokens (1%) reserved for Mad Lads holders

Distribution is based on historical engagement. User activity, earned points, and NFT ownership directly influence allocation size.

In other words, TGE isn’t just a launch — it’s the on-chain outcome of prior participation.

How does verification work?

Users can initiate the process by logging into their Backpack account and heading to the Verification section. The flow follows standard KYC: basic identity details and selfie confirmation. For most users, completion takes only a few minutes.

The official TGE date and full tokenomics have yet to be announced. However, opening verification this early suggests the launch window may not be far off.

What is BackPack? Airdrop Hunting in the BackPack Ecosystem!

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Backpack Opens KYC Ahead of TGE appeared first on Coin Engineer.

Airdrop Details: 

Eligible Binance users with at least 237 Binance Alpha points can claim an airdrop of 8 PUNDIAI tokens from the Alpha Events page starting from June 12, 2025, at UTC 06:00. 

Please note that claiming the PUNDIAI airdrop will consume 15 Binance Alpha points. Users must confirm their claims on the Alpha Events page within 24 hours, otherwise it will be assumed that they have forfeited their airdrop. 

Trading Competition: 

Additionally, Binance Alpha will announce a PUNDIAI trading competition with a prize pool of 107,000 PUNDIAI tokens. Details of the competition will be announced soon. 

Why is Binance Alpha Important? 

Projects selected for Alpha gain significant visibility within the Binance ecosystem. While this doesn’t directly mean the project will be listed on the main Binance exchange, there are numerous past examples of projects that passed through this platform and later achieved major listings. Alpha allows users to discover innovative projects in the Web3 world at an early stage. Projects are chosen considering community interest, growth potential, and current market dynamics. This gives investors the chance to explore emerging trends in the industry beforehand. The platform also provides detailed information on project goals, roadmaps, development teams, and token utility, enabling users to analyze project futures and manage risks more effectively. 

Click Here to Register on Binance Exchange with 20% Commission Discount! 

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The post Binance Alpha Adds New Altcoin and Airdrop Opportunity!  appeared first on Coin Engineer.

About the Walrus Project

Walrus is a decentralized data storage protocol and application development platform. It allows applications to publish, read, and program large data files and rich media content. The platform is built on blockchain technology, offering a secure, fast, and transparent way to handle data storage processes.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Walrus aims to provide a decentralized, secure, and efficient infrastructure for the storage of digital data and media content. As Web3 projects continue to grow, decentralized storage solutions have become a high-demand area, and Walrus seeks to become a major player in this field.

Claim Your $WAL Tokens

If you participated in the Walrus airdrop campaign and completed the necessary tasks, it’s now time to claim your $WAL tokens! The tokens are being distributed to airdrop participants, and you can claim yours by visiting the official claim page.

Walrus Airdrop Claim Page

All you need to do is input your wallet address and the necessary information for the airdrop process. Once submitted, the Walrus team will securely send the $WAL tokens to your wallet. Please note that the airdrop period may be limited, so don’t miss your chance to claim your tokens!

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Walrus Airdrop Claim Page is Open! appeared first on Coin Engineer.