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Backtrade Airdrop: tasks and status
Backtrade is a perpetuals exchange built on HyperEVM. It offers isolated-margin positions with up to 1000x leverage and uses Hyperliquid price data. The waitlist entry takes one minute and costs nothing.
About the project
What Backtrade is
Backtrade is a perpetuals exchange on HyperEVM. Traders open isolated-margin positions against a USDC liquidity pool. The exchange uses Hyperliquid price data to execute trades at the midpoint of the best bid and ask prices, without an order book or funding payments.
How the exchange works
When a trader loses money or gets liquidated, the exchange mints BACK tokens to them. BACK can be staked to earn a share of trading fees paid in USDC. At launch, BACK is not transferable, but staking and unstaking are supported.
Profits come from the USDC liquidity pool. If the pool cannot pay a winning trader immediately, the payout enters a queue and is paid in order.
The whitelist
The waitlist gives you access to the exchange and lets you build trading volume early. You enter your wallet address and email to join. The entry takes about one minute and costs nothing.
Who it suits
This is for traders who are comfortable with perpetuals, margin trading, and leverage. You need a wallet and access to HyperEVM.
Step-by-step checklist
- 01 Join the Backtrade waitlist Open
These tasks are available in the CoinDropster dashboard: exact links, progress tracking and deadlines — open the app to see the checklist.
Risks and what to watch for
- Perpetuals trading and leverage can result in full loss of your capital. Liquidation can happen quickly, especially at high leverage.
- The BACK token is new and its value is unproven. Staking rewards depend on trading volume and fees.
- If the USDC liquidity pool runs low, winning traders may face delays or shortfalls when claiming profits.
- Rules and tokenomics can change at any time before or after launch.
Frequently asked questions
What is Backtrade?
Backtrade is a perpetuals exchange on HyperEVM. Traders open positions against a USDC liquidity pool and use Hyperliquid price feeds to execute trades with up to 1000x leverage.
Does joining the waitlist cost anything?
No. Joining takes one minute and is free. You only need your wallet address and email.
What is BACK?
BACK is a token minted to traders when they lose trades or get liquidated. You can stake BACK to earn a share of trading fees in USDC. At launch, BACK is not transferable.
What happens if I make a profit?
Profits are paid from the USDC liquidity pool. If the pool does not have enough liquidity at the time, your payout enters a queue and is paid in the order requests came in.
Is this for me if I am new to trading?
No. Perpetuals and leverage trading are high-risk and best suited for experienced traders. You can lose all your capital very quickly.
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