Backpack Pre-Season Snapshot: Second Round Ends April 6, First Stage Prizes Distributed Soon

Bittime - Backpack, a crypto exchange focused on simplifying access to decentralized finance ( DeFi ) and non-fungible tokens (NFT), has announced the closing date for the second phase of their pre-season snapshot program. Here's a summary of the important points:

• Second Half Ends: April 6, 2024, 08:00 AM (UTC)
• First Phase Rewards: Distributed at token launch (date to be confirmed)

What is a Backpack?

Backpack is a new crypto exchange designed to bridge the gap between centralized (CeFi) and decentralized (DeFi) experiences. It aims to offer users an easy-to-use platform to:

• Buying, selling, and trading crypto: Backpack allows users to trade a variety of popular crypto assets with a focus on a smooth and intuitive experience.
• Accessing DeFi services: Backpack integrates with a variety of DeFi protocols, allowing users to participate in DeFi activities such as staking and earn yield on their crypto holdings, directly within the Backpack interface.
• Managing NFTs: Backpack offers features for users to store, view, and manage their NFT collections.

By combining CeFi-like ease of use with access to DeFi opportunities, Backpack aims to serve both novice and experienced crypto users.

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Pre-Season Snapshot First Phase Recap

As previously reported, Backpack have completed the first phase of their pre-season snapshot program. The program ran from February 13 to March 18, 2024, and generated a total transaction volume of $27.5 billion USD. Here are the details of user participation:

• 164 users: Transactions over $10 million USD per user
• 4,700 users: Transactions between $1 million and $10 million USD per user
• 70,600 users: Transactions between $0.1 million and $1 million USD per user

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What to Expect from Backpacks?

The second phase of the pre-season snapshot program ends on April 6, 2024. Backpack has not announced a specific date for the token launch, but they have confirmed that users who participate in Phase One will receive rewards when the tokens become available.

For the latest updates on the pre-season snapshot program, token launch date, and prize distribution details, be sure to follow Backpack's official channels. This could include their website, social media platforms, or any official announcements they may release.

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How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.  

To be able to buy crypto assets on  Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Learn  Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime. 

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DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.