Backpack Founder: No OTC Liquidation, Will Re-Examine Sybil Attack Cases
Svmuu News Backpack founder Armani Ferrante posted on platform X, addressing recent rumors about Backpack, stating that he did not liquidate tokens through OTC sales. The previously posted message on Discord was merely to assist buyers in finding tokens. Regarding Mad Lads, all users who held Mad Lads before the TGE will retain their Backpack VIP status, while new holders will not have this status. This move aims to align incentives with long-term holders. In dealing with Sybil attacks, the goal is to protect retail investors from unfair competition by professional players, but it is acknowledged that the previous review process was too absolute. Subsequent reviews of Sybil attack cases will continue. Furthermore, he believes that short-term post-TGE price and FDV are not core metrics for measuring success. The team's incentive mechanism is deeply tied to token performance and is committed to creating long-term value.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
SK hynix in talks with Intel over potential US memory production agreement
-
2
Fetch.ai (FET) Token Analysis: Project Status and Investment Considerations
-
3
XLM Price Analysis: Stellar Lumens' Positioning, Progress, and Market Outlook
-
4
Bybit to adjust risk limits and leverage for selected perpetual contracts including 1000XECUSDT and BLASTUSDT, effective Sep 18, 2026
-
5
Zhipu AI's CoWork business in China is progressing rapidly, with industry orders exceeding 1 billion yuan within one month of GLM-5.3's release.
-
6
Anthropic, after calling for an AI slowdown, has signed its first data center lease in Australia, planning a total capacity of 2.16 GW.
-
7
MCG Coin Analysis: The Current Status and Prospects of MetalCore, Microcap Gem, and MicroChains Gov Token
-
8
Nikkei: Japan's MUFG Bank to Introduce Guidelines for Financing Defense Industry
-
9
Turkish Stocks Fall More Than 5% Amid Deepening Fund Redemption Woes
-
10
Markets are cautiously optimistic ahead of the Federal Reserve's decision, with U.S. Treasuries slightly stronger, crude oil gains narrowing, and equity index futures holding steady.
Markets Today
Recommended Reading





