What qualified participants did
- Accumulated Backpack Points before the token launch.
- Held a Mad Lads NFT to qualify for the separate NFT-holder allocation.
- Received BP at the token generation event if the account qualified under the published split.
- Optionally staked BP to join the Backpack Participant Program, which is separate from the airdrop and has its own terms.
- Verified the BP contract address on the official Backpack learn page before interacting with the token.
Where things stand
Backpack is a crypto exchange with a companion self-custody wallet, and Mad Lads is its related NFT collection on Solana. Its token, BP, is a Solana token with a total supply of one billion. The official token page and the Backpack Learn article both mark the token generation event as complete, and the Learn article was last updated in October 2026.
The airdrop component was fixed at 25 percent of supply, or 250 million BP, distributed at launch. The split is 240 million BP to holders of Backpack Points and 10 million BP to holders of Mad Lads NFTs. Because the allocation is labelled "Complete" and tied to the launch, there is nothing left to claim through a qualifying-activity program, and this page marks the airdrop as ended.
The remaining supply is not part of the airdrop. According to the same pages, 37.5 percent is a pre-IPO allocation that unlocks progressively as Backpack reaches regulatory, product and market milestones, and 37.5 percent is held as corporate treasury, locked until one year after an IPO. Backpack states there is no separate team allocation.
How eligibility worked
There were two recipient groups. The first was Backpack Points holders, who share 240 million BP. Points were the loyalty balance that Backpack kept for its users before launch. The official pages we could open give the total pool but do not publish the scoring formula, the cut-off time or a per-point rate, so those details are not stated here. The second group was holders of Mad Lads NFTs, who share 10 million BP.
We could not find a published description of Sybil filtering on the official pages. How Backpack handled duplicate accounts or farming is not documented in the sources reviewed, and we do not claim any specific filter was used.
Do not confuse the airdrop with the Backpack Participant Program. That program is for staked BP, requires an active user, and offers fee discounts, boosted yield and an optional right to exchange qualifying tokens for equity in special purpose vehicles after a qualifying exit such as an IPO. It has eligibility requirements that vary by jurisdiction, and the FAQ lists February 23, 2026 as the capitalization date and March 23, 2026 as the TGE date. It is a separate program, not a way to receive the airdrop late.
Risks and red flags
With the airdrop finished, any page that offers a "BP claim" or an "airdrop extension" should be treated as suspicious. The official token page lists no claim process and no deadline. Backpack publishes the BP contract address on its Learn page and tells readers to verify it, which is the right check against copycat tokens that use the same name and logo.
Staking BP in the participant program carries conditions. Unstaking before an equity election forfeits the equity rights for those tokens, Backpack can redeem rights at its discretion, and the equity is held through special purpose vehicles that usually come with non-voting shares and lock-ups. Percentages are calculated on the capitalization as of February 23, 2026, and future dilution is expected. Read the full terms, which control over the FAQ.
As with any exchange, keep your login protected with two-factor authentication, use only the official domains, and never share a seed phrase or recovery key with anyone claiming to be support.
What to take from this drop
Backpack shows a model that differs from open on-chain airdrops: a points balance kept by the platform itself, plus a separate NFT-holder allocation. The practical lesson is that eligibility was defined by balances inside the product, so the useful question for a participant was how points were earned, which Backpack does not detail on the pages reviewed.
It is also an example of detailed upfront allocation disclosure. The supply split, the vesting logic and the statement about the team are all on public pages, so a reader can judge dilution without guessing. What is missing is the scoring detail, which is a common gap in points programs.
If you are looking at the next exchange or wallet points program, ask three questions before spending effort: is the total pool stated, is the cut-off time published, and does the project explain how duplicate accounts are handled. If the answer to all three is no, treat the points as an unpriced bet.
Primary sources
Sources last checked 19 Oct 2026. Links open the project's own pages, not summaries from other sites.
- Backpack: BP token pagebackpack.exchange
- Backpack Learn: What is BP, the Backpack tokenlearn.backpack.exchange
- Backpack Support: BP Program FAQsupport.backpack.exchange
Backpack airdrop questions
Is the Backpack airdrop still open?
No. Backpack lists the 250M BP launch airdrop as complete, and its official pages show no claim process or deadline.
Who received the Backpack airdrop?
Holders of Backpack Points received 240M BP and holders of Mad Lads NFTs received 10M BP, according to the official BP token page.
How do I check Backpack airdrop eligibility?
The official pages do not list an eligibility checker or claim page. Check your Backpack account balance and use only backpack.exchange links; avoid any site asking you to claim BP.
