Founder of Backpack: Did Not Cash Out Through OTC, Currently Re-examining Sybil Cases

Techub News reports that Armani Ferrante, founder of Backpack, has responded to recent community FUD. Armani stated that the team has not cashed out through OTC, and his previous remarks about OTC were merely to assist buyers in finding tokens. Regarding Mad Lads, pre-TGE holders will retain their Backpack VIP status, while new holders will not; this design aims to incentivize users who have long-term interest in the product. Addressing the Sybil review, he acknowledged that the team's previous approach was too "black and white," failing to fully consider the complexities from a community perspective, and the team is currently re-evaluating related cases. Additionally, Armani emphasized that short-term FDV is not a core metric, as the team's interests are deeply tied to the token's success; if the token price goes to zero, the team will not gain any profit. Currently, the team is continuing to advance the review of Sybil cases and returning to development work.