Status (October 2026): The airdrop this guide anticipated took place on March 23, 2026, when Backpack launched its BP token. Backpack airdropped 240 million BP to holders of its points, earned through trading on Backpack Exchange and seasonal programs, and 10 million BP to Mad Lads NFT holders. Backpack now offers its wallet and exchange as one app for Solana, Ethereum and Bitcoin. The Boost Your Rewards multipliers below date from 2024. Sources: Backpack TGE, What is BP?.
Disclaimer: Crypto airdrops are promotional events where tokens are distributed to existing holders of a cryptocurrency or to individuals who meet certain criteria. While airdrops can be a way to acquire tokens at no cost, they also involve risks. There’s no guarantee that the airdropped tokens will increase in value, and there may be associated fees or requirements. Additionally, airdrops can be susceptible to scams and phishing attempts. Always exercise caution and verify the legitimacy of any airdrop opportunity before participating.
Key Takeaways
- Backpack is a non-custodial Web3 wallet built on the Solana blockchain.
- The wallet became famous when the Backpack ecosystem introduced Mad Lads, an executable NFT (xNFT), which has now become one of the leading PFP collections on the Solana blockchain.
- Backpack’s “Boost Your Rewards” program lets you connect your wallet to compatible DApps and earn more crypto rewards.
What Is Backpack?
Backpack is a Solana-based Web3 wallet that allows you to store, send, and receive cryptocurrencies.
Here’s a breakdown of the wallet’s key features:
- Focus on Executable NFTs (xNFTs) – Backpack is designed to be the go-to wallet for xNFTs, with unique functionalities that can change and evolve over time. It will act as a secure gateway for users to interact with these xNFTs, controlling access, transactions, and identity management within the ecosystem.
- Multi-Currency Support – Like other Web3 wallets, Backpack will allow users to store, send, and receive cryptocurrencies, including Solana (SOL) and other Solana-based tokens.
- Built-in DEX Swapping – Backpack will have a built-in decentralized exchange (DEX), allowing users to conveniently swap between cryptocurrencies within the wallet.
- NFT Management – Backpack will also facilitate storing and managing regular NFTs built on the Solana blockchain, not just xNFTs.
- Security Focus – Backpack prioritizes security by leveraging Multi-Party Computation (MPC) technology. This helps distribute the management process among multiple parties, making it more resistant to hacks.
“Boost Your Rewards” Multiplier
Backpack’s “Boost Your Rewards” feature lets users earn extra rewards when they connect their Backpack wallet to participating decentralized applications and join their programs.
In this scenario, should participants engage with the crypto points systems of these three DApps and accumulate 1,000 points, they would yield the following:
- MarginFi: x1.05 – 1,050 points
- Zeta Markets: x1.1 – 1,100 points
- Tensor: x1.25 – 1,250 points
Earn Points While Trading On Backpack Exchange
Just before the end of 2023, Backpack introduced Backpack Exchange, its cryptocurrency exchange platform. This exchange is regulated by the Dubai Virtual Assets Regulatory Authority (VARA).
On February 14th, 2024, Backpack launched a potential airdrop campaign titled “Volume matters: Starting 2/14, trade to compete for your Rank.” This suggests users who trade on the platform during this period might be eligible for rewards.
The exchange used a tiered system based on trading volume, and the points traders earned later qualified them for the BP airdrop.
Backpack Seasons and the BP Airdrop
Backpack launched this program while its exchange was still in beta, to boost user engagement as the platform grew. The campaign began with a “pre-season” phase. Seasonal programs and an “Epilogue” redistribution of points followed before the token launch.
The reward turned out to be Backpack’s own token, BP.
Also, check out the guide to earning tokens via airdrops with an interesting game like Bloodloop Play-to-Airdrop.
