Backpack vs. Circle: The Next Crypto IPO Contender with Real Web3 DNA
The Next Circle? Not Just Another Exchange
When Circle went public and surged 168% on NYSE, everyone scrambled to find the next one. Kraken, Ripple, Bullish—the names keep rolling in. But here’s the truth no one wants to admit: most of them aren’t truly crypto-native. They’re crypto-themed financial vehicles wrapped in blockchain buzzwords.
I’ve audited over 30 DeFi protocols. And from my seat at the keyboard in L.A., I can tell you: real Web3 companies don’t just use blockchain—they live by it. That’s where Backpack stands apart.
Wallet + Exchange + Community = A Self-Running Ecosystem
Backpack didn’t build products—it built an engine.
The Backpack Wallet isn’t just another interface. It supports Solana, Ethereum, Optimism… you name it. But here’s where it gets interesting: xNFTs turn your wallet into a programmable platform—like WeChat Mini Programs but on-chain. You’re not just storing assets; you’re running dApps inside your wallet.
Then comes Backpack Exchange—a place where global margin trading meets automated lending and real-time profit settlement. No proprietary market makers. No opaque risk models. Just three-stage clearing and auto-lend logic that turns idle capital into yield across USDC and pyUSD pools—at 5.56% APY.
And yes, they finally launched fiat on-ramps—something even some legacy platforms still struggle with.
Why Mad Lads Isn’t Just an NFT Project
You think Mad Lads is just an NFT drop? Think again.
With 8,000 holders and $8M in initial revenue, this is cultural infrastructure for Web3 identity on Solana—and more importantly, it powers governance rights across other Backpack products.
The community doesn’t just hold tokens; they create content (TikTok videos! YouTube deep dives!), drive referral loops via积分 (points), and earn real utility through Seasonal rewards programs.
This isn’t hype—it’s sustainable feedback loops baked into tokenomics.
Compliance as Competitive Advantage?
Yes—and I mean that literally.
Circle took seven years to go public after being founded in 2013. Kraken delayed their IPO after leadership changes and regulatory hurdles—not because they lacked ambition, but because they were playing catch-up with compliance.
But Backpack? Their core team includes ex-FTX legal & compliance leads—people who lived through audits, subpoenas, and global oversight challenges before joining this project.
That experience is priceless when you’re trying to get licensed across jurisdictions covering ~95% of global GDP—in Europe (MiCA), Asia (Japan/SEPA), North America (SEC-compliant structures).
They didn’t wait until IPO time to fix compliance—they made it part of their DNA from Day One.
SolSlayer
Hot comment (5)
Backpack não é só um cofre
Ouvi falar que o Circle subiu 168% na bolsa e todo mundo ficou louco pra encontrar o próximo. Mas calma… muitos são só ‘cripto-financeiros’ com disfarce.
Backpack vive no blockchain
Enquanto os outros apenas usam blockchains, o Backpack nasceu nisso. Sua carteira é uma plataforma programável — tipo WeChat Mini Programs, mas on-chain. Você nem precisa sair dela pra rodar dApps!
NFTs que movem ecossistema
Mad Lads não é só um drop de NFTs: tem 8 mil donos e $8M em receita! Eles criam conteúdo no TikTok, ganham pontos por indicações e ainda ganham recompensas sazonais.
Compliance como superpoder
Ex-FTX? Legal? Sim! A equipe do Backpack já passou por auditorias, subpoenas e reguladores globais antes mesmo do IPO. Isso não é vantagem — é DNA.
Se você quer algo com verdadeira DNA Web3… olha pro Backpack. Você também achou isso estranho? Comenta aqui! 👇
Backpack vs. Circle? More Like Backpack vs. Everyone Else
I’ve audited 30+ DeFi protocols from my L.A. keyboard — and let me tell you: most crypto IPOs are just banks in a hoodie.
But Backpack? They didn’t just use blockchain — they breathe it.
Wallet + exchange + community = an ecosystem that runs itself. xNFTs turn your wallet into WeChat Mini Programs but on-chain? Yes, please.
And their compliance team? Ex-FTX legal pros who’ve survived subpoenas like it’s Tuesday.
They’re not waiting for IPO to get legit — they’re building the license into the code from Day One.
So yeah… if Circle was the first crypto IPO with soul, Backpack might be the one with actual Web3 DNA.
You think Mad Lads is just an NFT drop? Nah — it’s cultural infrastructure with governance power and TikTok virality built in.
Who else is watching this space closely?
Comment section: who’s your next crypto IPO pick?
Backpack ou Circle? O que importa mesmo?
Ah, o famoso IPO do Circle… mas será que só porque tem “crypto” no nome já é Web3 de verdade?
Eu aqui na favela do Rio (com um laptop velho e internet de quinta), vi de perto como os “exchanges” só querem lucro — mas o Backpack? Ele vive no blockchain como se fosse sua mãe.
Wallet + Exchange + Comunidade = uma máquina autônoma! E os xNFTs são tipo mini-programas dentro da carteira… tipo WhatsApp mas com rendimento.
E os ex-FTX no time legal? Não é só marketing — é experiência real em compliance global. Até o governo europeu vai ficar com ciúmes.
Então pergunta séria: você confia mais em quem tá só vendendo tokens… ou em quem tá construindo um ecossistema que roda sozinho?
Vamos debater no comentário! 🤔💸
Backpack’s Got Soul
Backpack isn’t just another crypto exchange—nah. It’s the only one that actually lives in the blockchain jungle.
Wallet? More Like a Mini-Planet
Your wallet runs dApps like it’s WeChat but on-chain. xNFTs turn your phone into a digital universe. I’m not even mad—I’m jealous.
Compliance? They’re the MVP
While others panic about SEC filings, Backpack’s team was living through FTX audits before lunch. That’s not luck—that’s Web3 DNA.
So yeah… Circle had its moment. But Backpack? It’s already building the future—while everyone else is still reading the IPO prospectus.
You in? Drop your take below 👇 #Web3DNA
Backpack doesn’t just hold crypto—it lives it. While Circle’s IPO was still filling out compliance forms in 2013, Backpack was already running dApps inside its wallet like a Swiss watchmaker on caffeine. Kraken? They delayed. Bullish? Just noise. But Backpack? It’s not an exchange—it’s your financial pet rock that pays you in APY while you’re scrolling TikTok videos about tokenomics.
So… when’s the next IPO? Or should we just buy this backpack and call it ‘Web3’? 🤔
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