Backpack Airdrop Results: 25% Token Allocation Explained

Update — this article was written on 15 May 2025, before the TGE. Backpack held its TGE on 23 March 2026​, distributing 25% of total supply: 24% to points holders and 1% to Mad Lads NFT holders. The points programme closed with the Season 4 "epilogue". You can no longer farm points the way this article describes. Read it as a record of what got rewarded.

Backpack was the leading tokenless exchange candidate for a long stretch. Wallet, licensed exchange, and the Mad Lads NFT ecosystem — with point seasons that kept running.

Item	Detail
Time	~15 min incl. KYC
Cost	Only the capital you trade
Expected value	🔥🔥🔥 no token announced, seasons live
Difficulty	Low-medium
Note	A licensed, "grown-up" upstart CEX

What Backpack is

• Wallet​: a Solana staple
• Exchange​: spot + perps under real licenses (Dubai etc.)
• Team​: builders of Mad Lads; survived the FTX era and later acquired FTX EU

This isn''t a one-season wonder profile.

Earning points

Seasonal scoring centers on volume and consistency​:

1. Open an account (​referral codes give fee discounts/bonuses​)
2. Deposit and trade spot or perps
3. Weekly season tallies convert to points
4. NFT/wallet usage is speculated to add weight

Efficient play

Small and weekly beats big and rare.

• Consistency appears weighted — trade weekly, even small
• Spot round-trips build volume at low risk; perps only at low leverage
• Use the wallet too — whole-ecosystem footprints

My routine: two or three small trades a week, ~10 minutes total.

Risks

• It''s a CEX — custody risk on deposits​; don''t park everything
• Token unannounced; point value undefined
• KYC required; check regional access

Bottom line

One action: open the account and make this week''s first trade. Ten minutes weekly builds a position in the biggest exchange-type candidate — and a referral code cuts your fees from day one.

⚠️ Not investment advice. Exchange deposits carry custody risk.

Sources

• Backpack TGE: 24% to Points, 1% to Mad Lads (Backpack)
• Backpack TGE Date (Backpack)