Backpack Exchange announces the launch of Pyth Network (PYTH) and introduces a staking airdrop campaign.

BlockBeats News, on November 16th, the cryptocurrency trading platform Backpack Exchange announced the launch of Pyth Network (PYTH), with trading scheduled to begin on November 18th at 15:00 UTC. In addition, Backpack Exchange has also launched a PYTH staking airdrop activity. To participate in this airdrop, users must register an account on Backpack Exchange and complete the KYC certification process, as well as purchase or deposit at least 5 SOL tokens and stake them for at least 24 hours. Staking will begin at 15:00 UTC on November 18, 2023, and must be completed before 11:59 UTC on November 19 to qualify for the airdrop. Eligible users, including Mad Lad holders and users who engage in trading activities on Backpack Exchange, will receive PYTH tokens based on their trading volume until the maximum allocation is reached. All other eligible and verified users also have the opportunity to receive PYTH token allocations, which will be distributed before 14:00 UTC on November 20th.