Early where it matters. Loud when it counts. Local Mad Lad. Trading on @Backpack
Backpack Universe
Joined June 2012
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Disgusting
This has never happened to me before and its frustrating.
notrandom.fun took Feeback from pumpv2.xyz, copied it line for line, made it more greedy, and CT is rewarding them for it.
Feeback launched Oct 8. Their "fee programs" page is dated Oct 20. Same four buckets. Same locked liquidity on every payout. Same lines:
Ours: "nobody can ever withdraw it, us included"
Theirs: "Nobody can pull it, us included"
Ours: "Every remove, buyback and burn is a public transaction"
Theirs: "Each buy, burn, add and payout is a public transaction"
Their auto liquidity is ripped straight from PUMP V2. The idea of running auto liq off pump.fun creator fees, and the whole flow, step for step: half the share buys the coin, then both halves go into the pool 50/50 and get locked in the same transaction. Same explanation too:
Ours: "your coin and the other half go into your PumpSwap pool together, and the LP tokens are burned in the same transaction"
Theirs: "it adds your coin and the other half to your coin's Meteora pool, and locks the new liquidity for good in that same transaction"
They used a Meteora pool too. They must have only seen PUMP V2's own pool, which is on Meteora. They missed that Feeback adds to each coin's PumpSwap pool, and that's on purpose: PumpSwap is where your creator fees are earned, so the liquidity and the volume stay on pump.
It's lazy theft, and it's not fucking cool. I spent a lot of time building Feeback and actually thinking through real problems. They just copied it and reworded it in two seconds. Some KOLs stole my work, did it worse, and are now pumping it. This isn't some game. It's being a piece of shit, and they're getting rewarded for it.
Even the video I'm quoting is ripped. Same style, same explanations as our Feeback videos. They didn't even try to change it.
And now they're tagging pump, trying to get pump's attention with stolen work. I have faith pump won't back something this blatant.
We're paired with PUMP, and Feeback's cut gets turned into PUMP. We build for pump, not off it.
You can copy the words. The engine is the hard part, and it didn't come with them. Their split locks at launch and only works on coins launched through them. Feeback works on any pump.fun coin, even ones already live, and you can change your mix any time.
Normally when you blatantly steal someone's work, you at least try to improve on it. They made Feeback worse. No payout threshold, no way to change the split after launch, and no way for coins that already launched to connect. (I'm sure they'll add those next. You're welcome for the ideas, thieves.)
Then follow the money. On every $300 of creator fees on a SOL coin, they take $100. Feeback takes $15.
They take a third of your creator fees on SOL and USDC coins, or add 1% on top of every trade on token pairs. Half their cut buys and burns their own token. I couldn't find anywhere that says where the other half goes, or what they do with the fees from their own coin's volume. Its safe to assume that they keep them.
We don't try to hide what we do with our trading volume fees. We take nothing from you. Every single fee from PUMP V2's own volume goes back into buybacks and LP adds. Feeback takes 5% of creator fees, 2% on PUMP pairs, and that cut goes back into PUMP V2 and the PUMP pairs.
I could point out a lot more stuff, but this is getting kinda long. Getting copied means the idea is right. More to come from PUMPV2 soon.
pumpv2.xyz
Sad to see.
Looks like you didn't know money laundering was not allowed?
Sad to see. Looks like they really didn't know the local policies? But it's not the first time either, same thing happened less than a year ago: xitter.cf/wublockchain12/status/…
This guy is trying so hard to fud $BP the past few weeks, surprisingly after the huge rise in price.
Saying equity is overpriced etc,
like any other exchange token EVER offered equity to their holders or stakers!
Someone canny would think that this guy missed the train early.
unavailable
Just asked Armani directly if Backpack's exchange revenue will be used to buy back $BP .
His exact response: "Buyback is an important mechanism."
Read between the lines. When the founder acknowledges the mechanism, the endgame is clear. A CEX token with actual revenue capture creates a permanent supply sink. $BP is coiled.
Is $MAGIC back?🤔
+70% price increase in a day.
130m spot volume for a 35m market cap token.
Who still remembers Legions and Smol Brains?
Huge update !
Souvenir could be the onchain Whatnot of @solana .
Georman 🇬🇷 retweeted
Creators on Souvenir now decide who their coin rewards. And any NFT collection with a real market can be the prize. Both are live.
Set the odds
Until today every Souvenir coin worked one way: one coin held, one ticket. The biggest wallets had the best odds.
Now the creator picks the rule at launch:
Standard: one ticket per coin held.
Hard cap: no wallet counts past 1, 2, 3 or 5% of supply. Hold 20% under a 1% cap and your odds match a 1% holder's.
Soft cap: past the cap, each slice counts half the one before, so no wallet ever counts for more than twice the cap.
Square root: 100× the coins gets 10× the odds, not 100×.
Add a minimum holding of 0.001, 0.01 or 0.1% to keep dust wallets out. Holding streaks still stack on top, so the longer you hold, the better your odds.
The rule is locked at launch and committed on chain with every draw, so anyone can check the winner was picked under it. If no wallet meets the minimum, that round counts every holder. A minimum never strands a pot.
So a creator can build the coin they want: one that rewards its biggest backers, or one where the whole community has a real shot.
Pick any NFT
NFT prizes started with 9 hand-picked collections, from Mad Lads to Claynosaurz. Now the community adds the rest.
Paste a Tensor or Magic Eden link in the launch form and Souvenir checks the collection on the spot: verified, at least 15 listed, real trading this week, a floor between $20 and $25,000, at most 7.2% in fees and royalties, and a simulated buy that goes through. If it passes, you can launch with it right away, marked "Added by the community". Collections are re-checked every 6 hours.
At each draw, Souvenir buys the cheapest listed NFT on chain and sends it to the winner. Nothing to claim.
That means any Solana NFT community with a real market can now run a coin on its own collection. Trading fills the pot, the pot buys from the floor, and a holder gets the NFT. The more the coin trades, the more floor NFTs get bought.
souvenir.finance/launch
Top 3 PumpFun calls in just 24 hours.
I guess you could say I’m getting pretty good at trading attention.
Right, @a1lon9 ?
Georman 🇬🇷 retweeted
This week on Souvenir:
- The marketplace opens: sell your goods as prizes, or launch a coin for them.
- Last Call, Oct 13: a quiet coin's pot is drawn for holders.
- The Souvenir app goes to the dApp Store.
- More stores, more countries.
The roadmap:
Georman 🇬🇷 retweeted
Armani Ferrante on Backpack’s regulated, unified market structure at #TOKEN2049.
“We have a single platform that everything is going to plug into. International, Japan, Europe, US. Single layer that bridges kind of DeFi and TradFi in a way that nobody’s done before.”
“We want to be this regulated backbone, not just for our own products, but for the entire Solana ecosystem.”
Wen lambo?
Everyone's pairing their coin with $RACE today. That's one tokenized share of Ferrari, about $385.
We pair coins with the whole car.
A pre-owned Ferrari Portofino: when a coin's pot covers it, one holder wins it, bought from a Ferrari dealer and registered in their name. Roughly 520 $RACE, parked in a driveway.
US driveways only (for now). Anywhere else, the winner takes 66% of its worth in SOL.
souvenir.finance
