Crypto Trail: MSTR. Trade Crypto Spot & Perps to Unlock Up to $500 in Strategy Shares 

Trade crypto spot and crypto perpetual markets on Backpack to unlock reward levels and earn up to $500 in Strategy (MSTR) shares.

Campaign period: August 22, 2026, 12:00 AM UTC to August 28, 2026, 11:59 PM UTC.

How to Participate

• Opt in at the Crypto Trail quest page before trading to qualify for rewards.
• Generate trading volume on crypto spot and crypto perpetual markets to unlock levels and earn rewards.
• Your opt-in applies across desktop and mobile.

How Rewards Work

Rewards are based on your highest level reached. Eligible trading volume from crypto spot and crypto perpetual markets counts toward Crypto Trail progress.

USDT/USD, BP/USD, and API volume will be shown in the volume counter, but it will be excluded from the final rewards calculation.

Crypto Trail Reward Levels 

Rewards will be distributed within 7 days following the end of the campaign. Participants who are ineligible to receive MSTR shares due to jurisdictional restrictions or other eligibility requirements will automatically receive an equivalent USD cash reward. 

Terms and Conditions

• Opt-in via the campaign page is required to be eligible.
• The campaign runs from August 22, 2026, 12:00 AM UTC to August 28, 2026, 11:59 PM UTC.
• Eligible crypto spot and crypto perpetual trading volume generated during the campaign period will count toward rewards, subject to the exclusions outlined in these Terms and Conditions.
• Rewards are based on the highest level reached and are not cumulative.
• Opting in on one device confirms participation on all devices.
• USDT/USD, BP/USD, and API volume will be shown in the volume counter but excluded from the final rewards calculation.
• Rewards are distributed within 7 days of campaign close.
• If a participant is ineligible to receive MSTR shares due to jurisdictional restrictions or other eligibility requirements, the reward will be automatically substituted with an equivalent USD cash reward.
• Backpack reserves the right to disqualify any participant who engages in abusive, fraudulent, or manipulative activity.
• Backpack may amend, suspend, or cancel the campaign at any time. Backpack's decisions on reward eligibility, calculations, and campaign administration are final.