eettiou @eettiou

In the Backpack tokenomics, we have one guiding principle. - Insiders "dumping on retail" should be impossible: no founder, executive, employee, or venture investor should receive wealth from the token until the product hits escape velocity. Of course it begs the question, what does it mean to "hit escape velocity". Every project is different, and it's impossible to generalize. For Backpack, the answer is clear: we want to IPO in the USA. Going public might happen quickly, it might happen not so quickly, and in fact, it might not happen at all. In any case, we're going for it. But before going public, we have to grow--a lot. The odd thing about Backpack's growth over the past year--and in fact one of the things that makes Backpack so different from basically every token project in crypto--is that, today, Backpack Exchange only serves about 48% of the world. We've been very slow, very intentional about opening up our product to the world, ensuring that we have every "i" dotted and ever "t" crossed as a regulated financial institution. Growth that sometimes feels like running with a parachute, but we are happy to take the long path, because it's precisely that parachute that will allow us to fly. For those that don't know us, the reason for this is simple. Backpack is trying to not only build great crypto products, but we're also trying to build great TradFi products. We're trying to not only give our users access to every crypto asset, every blockchain, and every decentralized application, but we're also getting banking rails around the world, USD client money accounts in the USA, EUR in the EU, JPY in Japan--every currency on every major payment network you can imagine. We're trying to build a great securities product, whether that's getting access to your favorite stocks in a traditional brokerage or bidding on primary shares of a company about to go public on NASDAQ. We want to serve not only retail users worldwide, but we want to serve regulated products for regulated counterparties and regulated institutions around the world. All of this takes an enormous amount of time, effort, blood, sweat, and tears. We've been working on this for over three years at this point, laying an international foundation for the company and for the product slowly but surely, brick by brick. If we're lucky, we'll spend a lifetime. What this all means is that, in the most literal sense--and I know this sounds silly--we're just getting started. We still have half the world to open up into. We still have some of our most exciting products to launch. And this leads to our next guiding principle in our tokenomics. - Liquid tokens should exclusively go to users, fueling growth triggered by key product milestones. Every time we open up a new region, every time we launch a new product, that's an opportunity to grow. Open up EU => grow. Open up Japan => grow. Open up the USA => grow. Open up predictions => grow. Open up stocks => grow. Open up card => grow. Like gasoline onto a fire, the token serves to continuously kickstart new markets in the same way points kickstarted Seasons 1-4. With every growth lever we pull, tokens unlock in a predictable way to users, bringing in a new wave of token holders, growing the community, and allowing the product to soar to new heights. The objective constraint for this to work is precise: the value of added growth created by new token unlocks must always be greater than the dilution of those unlocks. As long as that condition holds, we can continue to unlock tokens direct to our most active users, growing along the way. Last but not least is the question: Ok so if all the liquid tokens are going to users, then what about the team? How exactly do you remain incentive aligned while ensuring the team cannot unlock, dump on retail, and become enormously wealthy without building something great? And the answer is simple: not a single founder, executive, team member, or venture investor has been given a direct token allocation. The entire "team allocation" sits in a "corporate treasury", i.e. on the balance sheet of the Backpack company--locked until at least one year post IPO. The team owns equity in the company, and the company owns a large percent of the token supply. It's not until the company goes public (or has some other type of equity exit event), that the team can earn any wealth from the project. It's not until the company has access to the largest, most liquid capital markets in the world by going public--and it's not until the company has done all the hard work to earn access to those markets--that the team can reap the rewards of the value created by the Backpack community from now until then. We either go big, or we go home.

Backpack 🎒 @Backpack

9 months ago

25% on TGE Here's the entire token distribution Utility coming next 🎒

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Can I get a GM?

Brought to life with @grok Imagine.

Aging Death ☠️ @AgingDeath

9 months ago

Welcome to Jurassic Park. Made with @grok imagine 🦖

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Plan to make this year our best year yet, not just mine.

Hyper liquid is in most respects everything wrong with crypto I didn't get an allocation. sidelined and traded on drift instead. did not buy the bottom. heavy on Solana ecosystem

mojojojoppg @mojoppg

9 months ago

Hyperliquid is in most respects everything wrong with crypto > Rejected VC capital > Democratized MMing via HLP > Enriched community via largest token airdrop ever ($9B) > Instead of pocketing some or all of the $960M revenue HL has made, put them all into buybacks of said

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You are selling, I am buying We are not the same.

hyperliquid

Gn everyone, rough day & night hope you get some rest too. Bitcoin & ETH are trending lower , I hope it can hold 70k over night. Keeping infoFi arc alive with @DeepNodeAI , @PerceptronNTWK & @intodotspace : Beta Access

@EVERYDOTMEME Bitcoin

Absolutely cursed that you can put emojis in bank reference notes

@algekalipso baclofen is well known on reddit as the right thing to switch to if you need to taper off of chronic phenibut, gabapentin use etc. a savvy GP should prescribe it for this purpose but that's not always an option for people. good to see it available OTC i guess.

It’s wild to think I won’t be going to America anymore. Hard to wrap my head around it.

World of Statistics @stats_feed

10 months ago

🇺🇸🇪🇺 US will require EU citizens (and other travelers) to give all biometric data including DNA in new Electronic System for Travel Authorization (ESTA) requirements: a. Telephone numbers used in the last five years; b. Email addresses used in the last ten years; c. IP addresses

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There was a piece of the puzzle I'd been missing in crypto for a long time… and I think @KoloHub has found it all right. Not having to go through backdoors, pull P2P tricks, or read “fine print” to spend your own assets is a huge luxury. No hidden costs, no unnecessary hurdles. Just a card that needs to work. What I like most is this: There's no “let's add fancy features” mentality. They've focused on taking a real problem and solving it simply. Being able to use crypto seamlessly in real life is still a rare experience. I feel like my daily habits will change drastically when I get this card. Some products come and go, while others make you think, “why didn’t this exist before?” In my opinion, this one belongs to the latter group. 👀

1% everyday

Cats are all 4

Dex (neet/acc) @DexFi_

11 months ago

Be honest What is your favourite type of memecoins ?

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Gym time 💪 Human flag progress. Focusing on core strength.

Spaace 🛰️ Everyone thinks big moves are game-changing… But what truly makes a difference in the @spaace_io ecosystem is the combination of regular, small steps. A single listing → progress points A single offer → contribution points A single purchase → community points Every interaction turns into a small momentum that strengthens your profile. And this momentum creates a real advantage over time. Spaace transforms the NFT marketplace from just a marketplace to a brand new experience where effort is rewarded. The NFT arena of the future is being shaped here—step by step, intelligently, and with the community. 🚀

gBeyond ☀️ There are more than 15 token standards on the Bitcoin side, but there's still no single framework that unifies them all. This is where @beyond__tech stands out with its game-changing approach: — You can switch not only between chains, but also between standards. — It's possible to convert BRC-20 USDT to Runes, Taproot Assets, or Atomicals USDT in a single transaction. The entire process runs directly on Bitcoin L1, with no extra steps or bridges. The result? A much more fluid ecosystem, rather than liquidity dispersed across standards.

Bounce.