Backpack
Backpack is a project that started as a convenient and secure wallet for storing cryptocurrencies that supports EVM and Solana networks. Subsequently, the development team introduced its second product - a centralized exchange with the same name.
The team behind the project are the creators of a well-known NFT collection called Mad Lads, which at the time of writing this review has a float of 200 SOL.
Users can interact with the project by claiming possible Airdrop's and participating in its activities. The main activity is trading, which is available on a centralized exchange. However, it is worth keeping in mind all the risks associated with cryptocurrency trading.
To start using the platform, users must register on the exchange and go through a standard identity verification (KYC) procedure. After that, they can fund their account using a method they are comfortable with and start trading by selecting the desired trading pair. It is important to note that the account can only be funded with cryptocurrencies on the Solana network, and the exchange only supports spot trading.
A project wallet is also available for users, which can be installed to test its functionality.
In conclusion, at this stage of development, the exchange provides limited functionality, there are no futures and additional yield tools. However, despite this, users remain interested, as the project team is actively hinting at possible Airdrop's. Keep in mind that trading requires KYC, and the higher the trading volume, the more likely you are to participate in an Airdrop. Additionally, users can optionally interact with the project wallet.
Backpack link:
