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.
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
What Is POLA? Background and Investment Risk Analysis of the Pola On Base Project
-
2
Iran-linked exchange Shelbit allegedly sent $676 million to Binance in sanctions-evasion operation, Reuters reports
-
3
Analysis Compares Healthcare ETFs: Invesco Nasdaq Biotech ETF (IBBQ) Saw 45.5% One-Year Return, Outperforming State Street Healthcare Select Sector SPDR ETF (XLV)
-
4
Claiming Social Security benefits at age 62 instead of 67 can reduce monthly payments by 30%, potentially costing average retirees $150,000 over 20 years.
-
5
What Is DuckChain (DUCK)? An Analysis of Its Future Prospects
-
6
Flow (FLOW) Blockchain: A Layer-1 Platform Empowering NFTs, Gaming, and AI
-
7
Analysis: Roundhill N-100 0DTE Covered Call ETF (QDTE) Payouts May Include Return of Capital, Trailing Nasdaq-100 Performance
-
8
Sanctioned Russian Ship "Mikhail Britnev" Reportedly Delivered Military Vehicles to Mali, Defying US Sanctions
-
9
The Future of Wrapped Bitcoin (WBTC): Bitcoin’s Role as a Bridge and the Challenges It Faces in the Ethereum DeFi Ecosystem
-
10
Suriname's GranMorgu Oil Project (Block 58) Approved, Expected to Generate Up to $26 Billion in Fiscal Income; Petronas Reports 8 Discoveries in Block 52
Markets Today
Recommended Reading






