pu uptopu🎒

I didn't come into crypto 9 years ago to launch a shit coin. I didn't come into crypto to get rich quick. I came into crypto because I believe it's going to change the world, and that the industry was something worth dedicating my life to. But somewhere along the way, amidst the booms, the busts, the moonshots, the decentralization theater, and the straight up scams, we lost our way. I don't know about you, but I'm just tired of false promises. And that's what most things are today, simply promises. We live in the most centralized era crypto has ever experienced, and the more centralized something is, the less meaningful a token is. While it's tempting to want to commit to these same promises, what happens if the team gets acquired? What happens if we want to re-invest into growth? What happens if we divert our time, energy, and resources out of band and circumvent the token altogether? What happens when the team and investors unlock? For many projects, the honest answer to these questions is not pleasant, and you see it in the price chart over and over again. Unless something is completely decentralized to the point where an immutable protocol can function with the team having retired in the Bahamas sipping pina coladas all day, then utility is just a promise. Often that promise is admirable and well intentioned--but ultimately an unenforceable promise nonetheless. Outside of BTC, ETH, SOL, and a few others, nothing really passes this test. Noble new token models have emerged to solve this problem (shout out to MetaDAO), and today, we introduce our own. Users that stake the Backpack token for at least a year will have the opportunity to exchange those tokens for equity at a fixed ratio--20% of the company today. It's such a simple idea, but as far as I'm aware, this is the first time a user has been able to earn the equity of a company by just using the product. So obvious in hindsight, and something I hope others start to adopt as they march on their path to progressive decentralization--both in crypto and outside of the industry. We have a lot more utility coming, things we'll share over the coming weeks, months, and year. As the Backpack community grows, we will decentralize the token, offering new things over time, some centralized like our equity offering, some decentralized as our product evolves. In the limit, I expect the token to represent more than anything a single company has to offer, but in the short run, it's the best we can do to show our long term commitment to our users. I've said it before and I'll say it again. I can't promise anything. The only thing I can promise is commitment. We go big or we go home--together, actually together.

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Introducing our first contribution to the prediction market space: The Unified Prediction Portfolio. Today, @Backpack launches an invite-only private beta to begin building the most cutting edge prediction markets for crypto and finance. The problem: Prediction markets are notoriously inefficient. You lock up your USD in a prediction, it's stuck there for the duration of an event, and often this means that, even if you have edge on a bet, you don't make it due to the opportunity cost of capital. With the Unified Prediction Portfolio, your capital can be used not just in a prediction, but across all of Backpack seamlessly without fragmenting your balances and without giving up your ability to be in other positions. The solution: We cross margin and cross collateralize - spot - spot-margin - borrow-lending - perpetual futures - prediction markets - crypto - fiat All in a single subaccount balance. This isn't yet another wrapper over Kalshi, Polymarket, or any other prediction market platform. This is a new, Backpack native system with everything tokenized and risk profiled, together. This means you can do things like quote on price predictions, get filled, and immediately hedge on the perp, all in a single margin account. Everything you expect from a modern crypto exchange at scale is now available for predictions. Connections to every blockchain network, perps, world class fiat rails, and advanced order types like TP/SL, scaled orders, conditional orders, TWAP, and grid bots. With the Unified Prediction Portfolio, new trades, better liquidity, and insurance related use cases all become possible. To start, we'll focus our testing efforts on the basics, namely ensuring the unified portfolio works as expected with components like our risk engine humming along. Over time, we'll grow the beta group, add more features, scale the number of markets, and build out new mechanisms that have never been introduced. We have a lot in the pipeline, things you can only do in a vertically integrated, unified system fully focused on crypto and finance. To get access, signup for Backpack. We'll be sending out invites to our most active traders to get access to the beta, today and over the next few months as we take in feedback and ensure a smooth experience for all beta testers. We have much on the horizon for 2026, as we not only rollout new products like predictions (and more, much more), but, after two going on three years of non stop effort, complete our global regulatory roadmap allowing us to open new regions with new users, expanding Backpack from only 48% of the world, today, to the entire globe. Although season 4 is coming to an end, 2026 will be full of events as we hit these milestones and grow our community. Now back to work. 🧱

__________ in your backpack 🎒

【暗号資産ガチホだけの時代終了】 BackpackのBorrow / Lendが遂にスタート🎊 Backpack Pointの付与対象です！ BTC / ETH / SOL / XRP / USDC などを 「売らずに」活用できる選択肢。 ✅ Lend (貸す) 暗号資産を預け、(変動)利回りを得る仕組み ✅ Borrow (借りる) 暗号資産を担保にUSDC等を借りて、 「売らずに資金化」することも可能 ⚠️ 重要 Borrowは清算（担保の強制売却） のリスクがあります。 まずは仕組みをご理解の上ご利用ください。 今回Borrow / Lendのみ提供開始。 （Spot / Perpは対象外） これまで日本居住者が参加できなかった「Backpack Point」にも参加可能です✨ 「ガチホしながら、利回りも稼げる」 そんな選択肢が、Backpackで始まります🎒