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What is Backpack Coin (BP): Top 5 Ways to Spend It in 2026
Backpack (BP) is the native token of Backpack, a regulated crypto exchange and wallet ecosystem built on Solana. The company was founded in 2022 by Solana developer Armani Ferrante, and in January 2025 it acquired FTX EU, the European arm of the collapsed FTX exchange.
BP itself went live on 23 March 2026, with most of the first 250 million tokens airdropped to exchange users and Mad Lads NFT holders.
But what can you really do with BP beyond trading and holding it? On Epic, BP holders can book hotels and flights at rates up to 30% cheaper than Booking.com, and new users can get $25 off their first booking.
Below, we cover five practical ways to spend BP in 2026.
Key Takeaways
- Travel is one of the simplest ways to spend BP. Book hotels and flights through Epic at prices up to 30% below Booking.com, with new users claiming $25 off their first booking.
- On Backpack Exchange, holders stake BP in the Backpack Participant Program for lower trading fees on spot and perpetual markets, cheaper withdrawals, and priority access to token launches.
- BP holders can convert their tokens to USDC to purchase physical collectibles on Polkastarter, from rare trading cards and graded items to sealed products and video games.
- Through Coinsbee, BP holders can get gift cards, prepaid services, and mobile top-ups from more than 5,000 brands worldwide.
- CoinTerminal opens up early-stage token sales to BP holders, with no platform token-staking requirement.
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What Is Backpack Coin (BP)?
Backpack (BP) is the native utility token of Backpack, a regulated crypto exchange that also runs the self-custodial Backpack Wallet and the Mad Lads NFT collection. Solana developer Armani Ferrante, who created the Anchor developer framework, founded the company in 2022.
BP is an SPL token on Solana and went live on 23 March 2026, when 25% of the supply was airdropped to points programme users and Mad Lads holders. The token has a maximum supply of 1 billion, with about 250 million currently in circulation. It trades on Backpack Exchange and on MEXC.
Holders mainly use BP for staking, which unlocks trading fee discounts, platform rewards, and a path to Backpack company equity.
How Does Backpack Work?
Backpack is built around a unified account, in which spot, perpetual futures, and lending balances work together. The exchange publishes a daily zero-knowledge proof of reserves, and the Backpack Wallet sits alongside it as a self-custodial option for several blockchains, from Solana to Ethereum and Bitcoin.
BP fits into this system through staking. Holders who stake the token in the Backpack Participant Program earn Backpack Participant status, and their benefits grow with both the amount staked and how long they keep it staked.
What stands out to me about Backpack is that it keeps everything in one place. Your spot, perpetuals and lending balances work together in a single account, and the exchange publishes its proof of reserves every day. If you hold BP, staking is where it starts working for you, and the longer you stay staked, the more you get.
1. Book Discounted Hotels and Flights With BP on Epic
Travel is one of the most practical ways to spend BP outside its own ecosystem. BP holders can book hotels and flights through Epic at prices up to 30% lower than Booking.com.
The platform opens up over 2 million hotels and flights worldwide. It supports more than 200 cryptocurrencies alongside Visa, Mastercard, Apple Pay and Google Pay for travellers who prefer traditional payment methods.
Epic also pays up to 8% cashback in XRP on eligible bookings, adding one more way to save on travel.
New users can get $25 off their first booking.
Epic is the most practical option on this list if you've got a trip coming up. You can use your BP for both the flight and the hotel, at prices up to 30% lower than on Booking.com, and you'll earn XRP cashback every time you book.
Book your next hotel for up to 30% less
2. Buy Physical Collectibles With BP on Polkastarter
Polkastarter offers BP holders a way to buy physical collectibles with their crypto. Its marketplace has rare trading cards, graded collectibles, sealed products, and both retro and current-generation video games.
BP is not offered as a direct payment option, so holders first need to swap it for a supported asset like USDC on an exchange such as MEXC. Then connect your wallet to Polkastarter, choose a collectible you like, and pay with the converted crypto. You can then have the item shipped to you or sell it back through the platform.
Browse the Polkastarter marketplace to see what's currently available.
What I like most about Polkastarter is that your BP can become something you can actually hold. If you collect trading cards, graded collectibles, sealed products or video games, you'll find them all in one marketplace. You can get your item shipped or sell it back later.
3. Stake BP for Fee Discounts and Rewards on Backpack Exchange
The most direct use for BP is on Backpack Exchange, the platform it was built for. Holders stake it in the Backpack Participant Program to get lower trading fees on spot and perpetual markets, reduced withdrawal fees, and cheaper wire transfers.
Higher staking tiers also bring earlier participation windows and bigger allocation caps for token launches on the platform. Backpack is adding an extra yield on USD balances for stakers as well.
BP also opens a route to company equity. Holders who stake for at least one year and stay staked until a Backpack IPO can become eligible to buy Backpack equity with their tokens. When BP launched on 23 March 2026, claimed airdrop tokens were staked by default, so many holders had these benefits from day one.
This makes sense, because staking is where BP does the most for you. If you trade spot or perpetuals on Backpack every week, the lower fees really add up, and you get earlier access to token launches too. And if you hardly use the exchange, there's less in it for you.
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4. Join Early-Stage Token Sales With BP on CoinTerminal
BP holders can also use their tokens to access early-stage token sales through CoinTerminal, an open-access launchpad for investing in crypto startups before they are listed on exchanges. There are no token-staking requirements, and contributions begin from $100.
BP is not accepted directly, so holders will first need to swap it for a supported asset such as USDT on MEXC before taking part in a sale. All launches are fully refundable, making the investment risk-free.
Check the CoinTerminal launchpad to see which token sales are currently open.
What I like about CoinTerminal is that anyone can join a sale. You don't need to stake or lock up any tokens, you can get started from $100, and contributions are refundable, which makes the investment process risk-free.
5. Buy Gift Cards and Mobile Top-Ups With BP on Coinsbee
Coinsbee makes it simpler to use crypto for day-to-day purchases, with support for 200+ cryptocurrencies and gift cards, prepaid services, and mobile top-ups from over 5,000 brands in 185+ countries.
BP is not available directly at checkout, so you will need to swap it for USDT or BTC first on an exchange such as MEXC. Once you hold a supported payment asset, select the gift card or top-up you want, complete the crypto payment, and receive the code by email. There is a broad range of options, from shopping and groceries to food delivery, streaming, gaming, and mobile services.
Have a look through the Coinsbee catalogue to see what is available in your country.
Coinsbee is a good fit if you'd like your BP to cover the things you pay for each month. You can pick gift cards for shopping, food delivery, streaming and gaming, or top up your phone, and the code lands in your inbox after you pay.
Sources
- Business Wire, Epic Transitions into the Travel Layer for Crypto, Bringing Real-World Utility to the Web3 Space
- Binance Academy, What Is Epic Chain (EPIC)?
- Uphold, What Is EPIC?
- Epic Travel on X, @EpicOnChain
- Backpack, Backpack official website and overview of the BP token ecosystem
- CoinMarketCap, Backpack (BP) price, market cap and live token data
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Adrian Baschuk is the chief executive officer of Epic. Adrian has spent two decades in media as a producer, journalist, and founder, and has worked in crypto since 2017. He was a founding partner at Crypto Banter, worked on CNBC's Crypto Trader, and has produced and reported for CNN, Current TV, and Discovery.
His television production credits include Disengagement, South Beach Tow, and Kart Life. He became CEO of Epic in 2025 and leads the company's move into travel, building the first travel layer for crypto.
Based in Miami, Adrian earned a bachelor's degree in international relations from Tufts University.
Frequently Asked Questions
Backpack Exchange is run by Backpack, the company Solana developer Armani Ferrante founded in 2022. Ferrante, a former Alameda Research engineer who created the Anchor developer framework, leads it as CEO. The company also runs the Backpack Wallet and the Mad Lads NFT collection, and in January 2025 it acquired FTX EU after approval from the FTX bankruptcy court and the Cyprus Securities and Exchange Commission.
Yes. Backpack Exchange launched its native token, BP, on Solana on 23 March 2026, and BP/USD spot trading opened on the exchange the same day. About 25% of the 1 billion supply went to points programme users and Mad Lads holders, with no tokens allocated to founders, team members or investors at launch. BP also trades on MEXC.
Yes. BP is the native token of the wider Backpack ecosystem, which covers the exchange, the self-custodial Backpack Wallet and the Mad Lads NFT collection, whose holders received part of the first airdrop. On the exchange, holders stake BP for trading fee discounts, lower withdrawal fees and priority access to token launches.
Yes. Through Epic, holders of BP can book hotels and flights at rates up to 30% cheaper than Booking.com. The platform accepts more than 200 cryptocurrencies alongside Visa, Mastercard, Apple Pay and Google Pay, and pays up to 8% cashback in XRP on bookings. New users can also get $25 off their first booking.
No one can reliably forecast token prices, and we do not offer investment advice. Backpack is a regulated exchange that publishes a daily zero-knowledge proof of reserves. What BP is designed for is access to its benefits: staking covers trading fee discounts, lower withdrawal fees and priority access to token launches, and long-term stakers can become eligible to buy Backpack equity.
Found a hotel you like? Book it for up to 30% less
Found a hotel you like? Book it for up to 30% less
