In a significant development, Backpack Exchange has officially launched Season 1 of its points program, designed to incentivize trading activity over a 10-week period. This initiative aims to reward users based on their engagement across all Backpack products, with points distributed weekly. For those who have previously traded on the platform, their accounts should already show the initial allocation of points.
New data indicates that Backpack’s trading volume has surged since the introduction of its points system, with over $5.7 billion in trading volume recorded in just five days following the launch announcement. This surge in activity underscores the growing interest in Backpack’s ecosystem, which includes the Backpack Wallet and other related products.
Season 1 commenced on March 21, 2025, and points will be distributed every Friday at 02:00 UTC, based on activity from the previous week ending Thursday at 00:00 UTC. The program’s criteria for earning points are continuously updated and remain somewhat opaque, focusing on rewarding users who contribute to the platform’s growth.
Backpack’s innovative approach to user engagement has sparked speculation about potential future token airdrops, although no official announcements have been made regarding a token launch. The platform’s success and support from major industry players make it an attractive option for those interested in participating in the crypto ecosystem.
