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$SPACK is live
a $BP paired meme built to give back to the @Backpack ecosystem
holder snapshots qualification and tokenized stock rewards are handled through an automated 6h reward system
creator rewards are used to buy and burn $BP and reward $SPACK holders with tokenized stocks
pack stocks
burn $BP
reward holders
CA
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🤖 Made with AI
$SPACK is currently reviewing its marketing strategy and reorganizing its project structure.
We're working on building a stronger foundation for what's ahead.
GM
TG is being set up now
once it’s ready we’ll update the DEX info as well
getting everything cleaned up before we open it properly🎒
56,800 new tokenized stock holders on @Backpack in just 7 days
and we're still so early
this is exactly the ecosystem we're building $SPACK around
burning $BP and distributing Backpack Securities tokenized stocks to our holders
as the ecosystem grows we'll keep building our little corner of it
brick by brick 🎒
.@Backpack added the most tokenized stock holders over the past 7 days, adding 56,800.
Via @tokenterminal.
$SPACK community update 🎒
a community holder has locked 5% of the supply until the 1 year anniversary of the $BP TGE
separately, 4.6M $SPACK has been permanently burned from the dev wallet 🔥
total locked supply now stands at 13.77%
brick by brick 🧱
Locked everything except 1%.
Why? Strong community, full conviction in the project.
Call it dumb if you want, but this is how real fans show up.🫡🫡
Want to know our story? Pull up to @stockbackpack
the $SPACK website is almost ready
we’re just finishing a few last details before we push it live
burns rewards wallet tracking and more transparency
around how the system works will all be easier to follow in one place
getting closer
brick by brick 🧱🎒
GM
all DEV holdings including the locked 8.73% allocation which will unlock on the 1 year anniversary of $BP's TGE are intended to support the long term growth of $SPACK
we'll make sure everything is handled transparently and the community knows how the funds are being used
the website for SPACK is almost ready too
still a lot to build but we're getting there
brick by brick 🎒
once the lock is completed we’ll check the updated distribution and then burn an appropriate amount of the DEV-held $SPACK as well
one of the top $SPACK holders has decided to lock part of their position
once the lock is completed we’ll make a separate post with the details
$SPACK has strong utility and a clear narrative but we’re still having a hard time getting it in front of more people
building something good is one thing but getting people to actually notice it matters too
so we’ve been thinking about being a bit more active with marketing
- paid KOL promos
- DEX Boost
- X Spaces
- collabs with other Backpack communities
- or just keep pushing organically
we don’t want to spend just for the sake of spending though
we’d rather focus on whatever actually helps $SPACK grow in a healthy way
what do you guys think would work best from here?
just burned another 9.6 $BP from the fees generated by $SPACK 🔥
bringing the total burned to 140.04 $BP
it might not seem like much right now but every burn counts
we'll keep doing our part to reduce the $BP supply and support the Backpack ecosystem
brick by brick 🎒
MAKE @Backpack GREAT AGAIN
after checking the transaction history of the largest $SPACK holder I couldn’t find any meaningful bundle activity or anything that looks too concerning
from what I can tell he doesn’t seem to trade memecoins that heavily and looks more like a Backpack user holding a decent amount of $BP
the other wallet that stands out is around 6% and we already have a pretty good idea who that holder is
outside of those I haven’t seen any major bundles so far so I’m just continuing to keep an eye on the holder distribution and wallet activity
also around 10 $BP has built up over the past day
it feels a little small to split into another holder reward round so I’m thinking it might make more sense to just burn the $BP this time
what do you guys think?
GM 🎒
things have been pretty quiet lately but the website is finally ready
we’re going to make a few final tweaks and then get it updated on DEX
thanks for being patient with us
more soon
$BP was never meant to have one ending
if Backpack keeps growing the token can keep growing with it
that’s the part we like most
and we’ll keep doing our part with $SPACK 🎒
Burning on conversion is definitely on the table but we’re going to stay open to do whatever is optimal. The intention is for the token to live on and continue to grow beyond an IPO. Imagine Arc or the inevitable Base token but issued to the most active users before the actual IPOs. The beauty of the business is there’s an infinite number of things for us to do if we hit the scale we dream of achieving.
just burned another 5.46 $BP 🔥
total burned is now 130.44 $BP
brick by brick 🧱
we keep reducing supply
$SPACK is here to support the Backpack ecosystem 🎒
we’ve noticed an issue with how market cap and liquidity of $SPACK ARE being displayed on @dexscreener
we’ll be reaching out to their team via email to get this looked into and hopefully fixed soon
just wanted to keep everyone updated 🎒
