Recently, I’ve come across several small influencers saying they were heavily rekt by Backpack🎒 over the past few years due to reverse farming.

Projects with such high commission rates➕ and long cycles always end up with someone paying the price.

I still remember when Backpack was being hyped up wildly by major KOLs back then. The top volume driver in the Perps track, Xiao Cangsheng, even directly pointed out that its risks were too great.

Looking back now, I won’t judge.

The KOLs at the inner circle table have already allocated all the quotas, so there’s nothing left for small retail traders.

But using Backpack to withdraw funds is still very smooth.