Join Monad Stack on Backpack Exchange and Earn Up to 38400 in Rewards

Backpack Exchange is launching Monad Stack, giving traders the opportunity to earn up to $38,400 by trading MON-PERP and MON/USD throughout the promotional period.
_{This article is for informational purposes only and may not apply in all regions.}

Introduction

GM Backpackers,

Backpack Exchange invites you to join Monad Stack. To celebrate our active MON traders, we are launching a new week-long promotion where participants can earn rewards based on their trading volume. From December 4, 12:00 AM UTC to December 10, 11:59 PM UTC, traders can unlock up to $38,400 in rewards by trading MON-PERP and MON/USD.

Read on to learn how to participate and maximize your earnings.

Campaign Details

Campaign Name: Monad Stack

Promotion Period: December 4, 12:00 AM UTC to December 10, 11:59 PM UTC

Rewards

• Earn up to $38,400 based on your highest achieved trading volume tier.
  
• Lend 50,000 MON for 4 out of 7 days during Week 3 to receive a 50 percent reward boost.
  
• Rewards apply to both MON-PERP and MON/USD trading volume.
  

Eligibility

• All Backpack Exchange users in supported regions.
  
• Identity verification may be required depending on your region.
  
• API trading volume will appear in your counter but API volume does not qualify for rewards.
  
• You must opt in to the campaign using the on-page button. (opting in once on any device is sufficient.)

How to Participate

1. Sign in to your Backpack account.
   
2. Opt into the Monad Stack on the Quest page.
   
3. Trade MON-PERP and MON/USD during the promotional window.
   
4. Reach the highest volume tier possible to increase your reward.
   
5. Lend 50,000 MON on at least 4 of the 7 days in Week 3 to unlock the 50 percent lending boost.
   

How It Works

• Rewards are based on your highest volume tier reached. Rewards are not cumulative.
  Example: If you generate 50 million dollars in trading volume, you earn 1,280 dollars total, not multiple tier payouts.
  
• MON/USD and MON-PERP volume count equally toward your volume tier.
  
• Volume levels for this campaign are separate from volume reputation on Backpack.
  
• Lent MON can also be used as collateral for futures positions.
  
• Opting in on desktop and mobile may show differently, but a single opt in is sufficient across devices.
  

Token Information: MON

• Total supply: 1,000,000,000 MON
  
• Circulating supply: 10,830,000,000 MON
  
• Max supply: 1,000,000,000 MON
  
• Fully diluted valuation: $2,860,000,000
  
• Project summary: MON is the native token of Monad, a high performance Layer 1 blockchain designed for parallel execution, Ethereum compatibility, and scalable decentralized applications.

Why Trade MON on Backpack Exchange

Direct MON deposits

Users can deposit MON directly through the Monad network for fast and seamless onchain transfers. Backpack also supports deposit and withdrawal via wire transfer with no fees, giving traders more flexibility in how they move funds.

Spot and perpetual futures trading

Backpack offers MON trading across both spot and perpetual futures markets. Traders can access MON/USD and MON-PERP pairs with 24/7 availability and low latency execution.

Use MON as collateral

Users can use MON as collateral for trading. While it is being used as collateral, MON continues to earn the lending rate, and traders may also benefit from positive funding rates on their perpetual positions.

Earn points while trading

Users earn points when they trade MON on Backpack Exchange. This provides ongoing benefits beyond the campaign rewards.

Campaign rewards

During the promotional period, traders can earn up to 38,400 dollars in campaign rewards, with an additional 50% boost available through lending activity.

Getting Started

1. Open or log in to your Backpack account. Complete identity verification if required in your region.
   
2. Opt in to the campaign. Navigate to the Points tab, then Quest, and select the Monad Stack to activate your participation.
   
3. Deposit MON. Transfer MON directly through the Monad network into your Backpack wallet to prepare for trading.
   
4. Start trading. Trade MON-PERP or MON/USD starting December 4 at 12:00 AM UTC to begin generating volume and unlocking rewards.
   
5. Download the Backpack app to trade easily from mobile and receive updates on your campaign progress.

Learn more about Backpack

Exchange | Wallet | Twitter | Discord

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. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Backpack. Please read our full disclaimer for further details. 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. This material should not be construed as financial, legal or other professional advice.