#Backpack's token distribution plan has been released, with a total supply of 1 billion tokens, to be released in three phases. The first phase unlocks 25% (250 million tokens), with 24% going to token holders and 1% to Mad Lads. Another 37.5% (375 million tokens) will be unlocked before the IPO, released incrementally according to incremental milestones—distributed to corresponding users based on regulatory progress, product expansion, and market access compliance. The remaining 37.5% will be placed in the company treasury and locked for one year after the IPO. All team members and investors will receive token exposure through the treasury, with no individual allocation. This design is rare in the current market, as seen with MegaETH only releasing tokens after achieving its KPIs, and Backpack only allocating them to the team and investors after its IPO. This is a positive development.