1.Backpack Exchange - Wallet + Exchange + NFT All-in-One Platform - Company Value $1 Billion, Targeting a US IPO 2. Token Structure (Total of $1 Billion) - TGE 25%: User Airdrop / No Insiders - Pre-IPO 37.5%: Released only upon business performance - Post-IPO 37.5%: 1-year lockup after IPO 3. Key Points - Tokens cannot be released if the IPO fails - Insider dumping is not possible due to the structure - Not for short-term trading, but for long-term company betting
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