Backpack Wallet Airdrop Is Going To Be HUGE! | Full Step by Step Guide (Season 1 Points Program)

Okay, so here's the lowdown on the Backpack Wallet airdrop potential based on the video:

Backpack Wallet, or rather, their exchange platform, has launched its Season 1 Points program. This is seen as a major opportunity to potentially earn an airdrop. The project is well-funded with significant backing, and the point system is a strong indicator that early and active users who engage with the exchange will likely be rewarded with a future token or distribution.

Here are the key points and details discussed:

This isn't just about the Backpack Wallet browser extension you might already have, like MetaMask or Phantom; the focus is specifically on the Backpack Exchange platform.
Backpack is seriously funded, securing $37 million and valued at $120 million. This backing comes from big players like Wintermute, Amber Group, and Placeholder Ventures.
Wintermute is highlighted because they've backed other projects that saw massive success (like Pepe, Godius Maximus, etc.), which is why this backing is seen as a significant positive sign.
The Season 1 Points program is the main way to participate for a potential airdrop. It just went live, and the belief is that this could be "huge."
To get started, you have to register on the exchange and complete KYC (Know Your Customer) verification.
The KYC process is described as super quick – it only took about three minutes, involving showing a government ID and doing a face scan. Don't be lazy about doing this, as getting through KYC is seen as being early for this potential opportunity.
Finding information about this airdrop was done using tools that monitor project activity, like Twitter updates, highlighting the importance of staying informed early.
While an airdrop isn't officially confirmed yet, it's considered "highly likely" because projects typically wouldn't implement a detailed point system like this unless they plan to reward users later. It's the standard way projects incentivize and reward early adoption and activity.
The step-by-step guide involves signing up (via provided links), depositing funds, and then actively participating.
You need to deposit funds to the exchange. This can be in various cryptocurrencies like USDT, USDC, Sol, ETH, or BTC.
An "important" step is to enable the "auto lend" feature on your deposited funds. This lets you earn passive points on any money just sitting idle in your account.
You don't need a huge amount of money to start. Even $10 to $50 is enough if you plan to trade frequently.
The absolute biggest factor for earning maximum points is generating trading volume, whether through spot trading or futures trading.
Beyond trading volume, making deposits and withdrawals helps keep your account active on the exchange, which is also beneficial for earning points.
Referrals are another way to earn points.
There are explicit warnings about what not to do: creating multiple accounts will get you banned, doing zero-fee trades (if possible) won't earn you points, and simply holding funds without actually trading or being active won't lead to rewards. Activity is key.
For trading strategies, spot trading is recommended as lower risk. A simple approach is repeatedly trading a pair like Sol to USD. You can also trade other altcoins or even meme coins available on the exchange.
Futures trading is an option for more advanced users, with a suggestion to use low leverage if you go this route.
Using the auto lend feature is emphasized again as a way to get "free passive points."
A key insight on trading frequency is that performing many frequent, smaller trades is better for accumulating points than making one single, large trade. The goal is to have more overall transaction activity.
Points are distributed weekly, specifically every Friday at 2 PM UTC. You can track your progress in the rewards or points tab on the exchange platform.
Being consistent with your activity week after week is beneficial due to the compounding effect on points.
The strong belief is reiterated: a project with this level of funding and a points system is highly likely to do an airdrop as a way to reward its early community. Being early and participating is seen as the path to potentially winning big.

Welcome to AlphaDrop. My name is Martin. Today we're going to be talking about Backpack Wallet. I'm sure you've heard of MetaMask. I'm sure you've heard of Phantom. But Backpack Wallet is hosting their own airdrop campaign. The Season 1 Points program is finally live and I think this is going to be huge. So if you've heard of Backpack Wallet before, you probably have the extension in your wallet. But this isn't really the topic we're going to be discussing today. Today we're going to be talking about the exchange itself. So right over here. As you can see, they have their exchange. And just a little bit of a background, Backpack Wallet has secured $37 million in funding. They have a valuation of $120 million backed by Wintermute, Amber Group, and Placeholder Ventures. You know, Wintermute, no big deal. Just the same projects that backed Pepe, Godius Maximus, Mudang, Punky, Dogwith Hat. All of which that reached billions of dollars in market cap. So, you know, no big deal. Today we're going to be talking about Backpack and their Season 1 Points program that just went live. And how you can maximize your airdrop. So like I said guys, if you have a Backpack Wallet, if you have the extension over here. No different than the MetaMask and Phantom Wallet extension. This is completely different, alright? So click the link down below and register. You actually have to do a KYC. It took me about just three minutes. No exaggeration, just three minutes. All I had to do is show my government ID and then do the face scan. And it was pretty quick. Like I said, three minutes to do. And the verification process was really fast. So don't be lazy guys. If you ever wanted to be early for an airdrop, this is honestly your chance. If you missed past projects like Hype or DYDX, don't make the same mistake again. So how I actually found this airdrop was on our very own app. Right over here. The Twitter monitor where I was just finding airdrops to play and share with you guys. And I came across this post right here. So why should you care about the Backpack Wallet airdrop? Apart from its strong backing and point system. Yes, it's unconfirmed. But it's highly likely. Because why else would they give out a point system? And we've seen other wallets do airdrops as well. So let's head over to the step-by-step guide. Firstly, step one, set up your account. Link down below. We mentioned that earlier. The second step is to deposit some funds. Whether that's USDT, USDC, Sol, ETH, or BTC. It's really up to you. And then lastly over here for step one is to enable auto lend. To earn passive points on idle funds. So this is an important one. Now chances are if you follow us, you probably love airdrops. And I do too. An additional step to farm this. What I would suggest is if you actually use Backpack Wallet to farm any of the Solana airdrops we are farming. But anyways, moving on. Even with $10 to $50 can get you started if you trade frequently. Step two, how to earn maximum points. Which is of course trading volume. Whether it's spot or futures. Which is the biggest factor. So over here we have the spot and future panel. And then deposits and withdrawals. Making sure you keep the exchange active. And then lastly over here is referrals. No shortcuts. Multi-accounts equals to being banned. Zero fee trades equals no points. And holding funds without trading is no activity. Which leads to no rewards. Step three, simple trading strategies. So spot trading, low risk. Just trade Sol to USD pairs repeatedly. What this looks like is basically going over here to spot. And swapping some USDT to Solana. Or USDC to Solana. Or any of your altcoins that you'd like. You can even choose to trade meme coins over here. Nextly is futures trading for advanced users. So that's low leverage trading if you're into that. And then also auto lend. Using this feature for free passive points. So as you can see over here they suggest that frequent small trades is a lot better than having one big trade. So it's just keeping that activity in your wallet. Having multiple transactions. Which is a lot better in terms of gaining more points for the potential airdrop. Rather than just having one big trade. So have more activity. So step four is weekly rewards. Points distributed every Friday at 2 o'clock UTC. Check the rewards tab to track progress. So I guess that's going to be over here in the points tab. Where you can see your activity of the points that you've earned. And just being consistent in general. You get the benefits of compounding over here. So this is a potential airdrop. But the big question is. Is there really an airdrop? So Backpack hasn't confirmed a token yet. But they've raised 37 million dollars. They have a multi-week points campaign going on. They have lots of people farming it. And you already know. If there's some sort of a point system. It means there is some sort of an airdrop coming. Because there will be a way that projects like this. Reward their early and active users. If you participate in their project. That's just how it works here. And if you're early. You win big. So big shout out to our airdroplet app. I hope you guys like it. This is just a really great source and tool for you. To keep the timeline strictly about airdrops. Alright. And the posts over here get added on in real time. When the project makes a post. So you'll always be first to see what goes live. Alright. So make sure you're following me on X. Make sure you're following the team as well. We're closing in on the month of March. Let's end this month strong. Let me know down below in the comment section. What projects you guys want to see us talk about next. Give the video a like. Subscribe to the channel. Check these two videos out right over here. If you want to watch some more crypto related content. My name is Martin. I'll see you in the next one. Peace.

Backpack Wallet Airdrop Is Going To Be HUGE! | Full Step by Step Guide (Season 1 Points Program)

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