Solana-based exchange Backpack has unveiled a new points system based on trading volumes for users on its Solana-based platform. Starting from today, February 14th, at 07:00, the system aims to elevate user engagement and lay the groundwork for future promotional strategies.
This initiative is expected to not only engage users more deeply but also assist in strategic decisions related to air investment pricing and the selection of coins for its Launchpool projects. The system is designed to rank users based on their trading activity, thereby incentivizing more participation and investment on the platform.
A Leap Towards Transparency and Efficiency
This change is expected to boost the platform’s competitiveness in the rapidly evolving digital asset market. By granting ranks to active traders, which can impact their investment strategies and benefits on the platform, Backpack seeks to encourage a more committed and engaged user base.
Expansion and Compliance Achievements
Recently, Backpack Exchange, the trading branch of Backpack, achieved a significant milestone by securing a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This accomplishment not only boosts Backpack’s credibility in the digital currency domain in Dubai but also assures users of the platform’s compliance with stringent regulatory standards. The VASP license enables Backpack Exchange to operate with enhanced transparency and security, reinforcing its commitment to providing a safe trading environment.