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What Is BP Token?
BP is the native token of the Backpack ecosystem, powering trading fees, platform rewards, and long-term equity access. Its supply unlocks progressively as Backpack reaches key product and regulatory milestones — ensuring that value distribution follows real platform growth.
How Does BP Work?
BP is a staking-based utility token. Users stake BP to unlock platform benefits through the Backpack Participant Program, with rewards increasing based on both the amount staked and the duration of staking. This model is designed to incentivize long-term participation and align users with the growth of Backpack.
Current benefits:
Reduced Trading Fees. Stake BP to unlock better fee tiers, up to 0% Maker Fees. Taker fees go as low as 0.018% on perps and 0.025% on spot.
Wire Discounts. Get as low as zero fees on unlimited deposits and withdrawals below 500K per 30 days.
Equity Exchange. Stake BP to unlock the ability to purchase Backpack equity using tokens. Staking for a minimum of one year qualifies you for equity purchase eligibility.
Coming soon:
Extra USD Yield. Earn up to an additional 3% yield boost on your USD collateral.
Backpack Card. Get early access to the Backpack Card.
IPO Access. Get access to IPOs prior to open market trading.
Prediction Markets. Unlock lower fees on prediction markets through staking.
Wallet Benefits. Boost your self-custody experience with exclusive wallet benefits.
What Can You Do With BP?
BP has four primary use cases across trading, staking, and on-chain applications within the Backpack and Solana ecosystems.
Stake. Staking BP unlocks platform benefits through the Backpack Participant Program, including fee discounts, wire transfer perks, and access to the Equity Exchange program.
Trade. BP is listed as a spot trading pair on Backpack Exchange (BP/USD) and can be bought, sold, or held like any other asset on the platform.
Use in the Solana Ecosystem. As a Solana-based token, BP is compatible with on-chain applications across the Solana ecosystem.
Self-Custody. BP can be stored in any Solana-compatible wallet, including Backpack Wallet, giving users full control of their assets outside the exchange.
BP Tokenomics: Built for the Long Term
BP has a total supply of 1,000,000,000 tokens, distributed across three phases tied to long-term platform growth. The team receives nothing unless the company IPOs.
TGE: 25% (250,000,000 BP). Complete. Airdropped at launch to Points holders (240,000,000) and Mad Lads NFT holders (10,000,000).
Pre-IPO: 37.5% (375,000,000 BP). Active. Progressively unlocked as Backpack hits regulatory, product, and market milestones. Each increment goes directly to users.
Post-IPO: 37.5% (375,000,000 BP). Locked. Held as corporate treasury, fully locked until one year post-IPO. There is no separate team allocation.
BP Token Details
Token name: Backpack
Token Ticker: BP
Blockchain: Solana
Total supply: 1,000,000,000
Contract address (Solana): BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy
Frequently Asked Questions
What is the official BP contract address?
BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy. Always verify before buying.
What blockchain is BP on? Solana
What is the total supply of BP? 1,000,000,000 (1 billion).
Where can I track the BP price? backpack.exchange/price/bp
Learn More About Backpack
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Disclaimer: This content is presented to you on an "as is" basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Backpack is not liable for any losses you may incur.
