BACKPACK @Backpack This exchange did not meet the psychological expectations of retail investors in the first phase, and many people are FUD. Here is my opinion on this exchange.

1: BP's background

BP exchange is an exchange led by executives of SBF's former Alameda Foundation and FTX's legal advisors. This team is also the founding team of mad lads @MadLads, the NFT leader on Solana, and is quite powerful. At the same time, it has the experience of FTX's success and the lessons of FTX's failure. It can be said that it is standing on the shoulders of giants and starting again.

2: BP's market positioning

This exchange is only in Chinese and English, and the intention is very clear: CB has gone compliant, and our Chinese people can't use it. The Americans are making a first-tier exchange to eat the handling fees and thus divide the Chinese market.

China's population base is too large. Isn't the United States jealous of this customer market? From FTX to BP, what they want to do has not changed, that is, American capital needs a first-tier exchange to eat the Asian market.

3: How retail investors can make a profit from BP

The previous airdrop should not be very meaty, after all, he has to talk to the project party about chips, and there are many people. If the main theme is sunshine, my personal opinion is that it is good to not lose money, after all, the platform coins behind are the big meat. This platform has raised 20 million US dollars and is currently valued at 120 million, which is not as good as Matcha and BG, and is very underestimated. Referring to the experience of FTX, each new platform coin he issues later will have a great wealth-creating effect, and this wealth-creating effect may be comparable to the previous round of BNB.

Summary: Many people currently do not realize the awesomeness of BP Exchange, just like many people dare not buy SOL at $30 last year. No matter how fud the outside world is, I will insist on accompanying BP to grow#backpack#tnsr#sol#FTX

@aeyakovenko @Backpack_CN