TechFlow news, according to official information, Backpack has announced the launch of its public beta and introduced its first derivatives trading competition. The event will run from January 27 to February 1, with a total prize pool of 1.25 million $Sonic tokens, divided into three reward categories:
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Trading Volume Reward (612,500 $Sonic): Participants must complete over $50,000 in trading volume within six days; the top 1,000 users will share rewards proportionally based on their trading volume;
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Contracts Expert Reward (612,500 $Sonic): Open to users who achieve positive profits during the event period; the top 1,000 profitable traders will be ranked by absolute profit amount (higher profits lead to higher rankings and larger rewards);
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Mystery Reward (100,000 $Sonic).
Notably, the first two reward pools are independent of each other, and participants must enable the Auto-Lend feature during the event period. The platform stated it will implement an anti-Sybil attack risk control system and strictly prohibit behaviors such as KYC account trading.
