Backpack Unveils Trading Volume Points System on Solana to Boost User Interaction
In Brief
In a bid to enhance user interaction and support future promotional activities, Backpack has introduced a trading volume points system for accounts.
Backpack Today, Backpack – a significant player within the Solana blockchain ecosystem – revealed its plan on platform X to implement a trading volume points system for accounts, set to launch at 07:00 on February 14th. The announcement suggests that this innovative system is expected to transform how the platform operates, establishing a new standard for upcoming marketing strategies.
The message stated, \"Starting from February 13 at 2300 UTC, your trading volume on Backpack Exchange will play a crucial role in determining your Backpack Rank. That's the essence of the tweet.\"
Anyone interested in joining can easily register. here .
By utilizing the rankings generated from this points system, Backpack aims to refine its strategic planning, especially in setting investment pricing and assessing new coin listings for its Launchpool.
Furthermore, it’s essential to grasp that this strategic move signifies Backpack's commitment to creating a more transparent and efficient trading space, thereby solidifying its position in the ever-evolving landscape of digital assets.
Backpack Makes Its Mark in the Crypto Exchange Scene with Dubai License
Recently, the Cryptocurrencylistings team reported Backpack Exchange, the trading segment of the well-known Backpack platform, has successfully obtained the Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA), a key regulatory body in the cryptocurrency domain.
This achievement signifies a significant step for Backpack within Dubai's ecosystem, affirming its reputation as a reliable entity in the market. The VASP license enables Backpack Exchange to operate with transparency while aligning with regulatory expectations. digital currency It's crucial to emphasize that this licensing is specific to Backpack Exchange and does not cover other virtual services offered by the Backpack platform.
Additionally, the company has launched a cutting-edge trading platform featuring innovative aspects like zero-knowledge proof of reserves and advanced Multi-Party Computation (MPC) technology to protect assets and ensure efficient order execution.
With the integration of the Backpack Wallet, users can expect an enhanced experience that seamlessly connects conventional currencies with the blockchain realm, including access to a range of decentralized applications (dApps) and unique executable options.
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Disclaimer
In line with the Trust Project guidelines Kumar is a seasoned Tech Journalist focused on the dynamic intersections between AI/ML, marketing tech, and emerging domains like cryptocurrency, blockchain, and NFTs. With over three years in the industry, Kumar has a solid history of crafting compelling stories, conducting meaningful interviews, and providing thorough insights. His expertise involves producing impactful content such as articles, reports, and research publications for leading industry platforms. With a unique blend of technical knowledge and storytelling prowess, Kumar excels at communicating intricate technological ideas in an engaging way suited for a wide range of audiences.
