Backpack Token 1. Initial Reward (TGE - 25%) - Airdrop to Points and Mad Lads holders - Immediate rewards for early community contributors 2. Growth Reward (Pre-IPO - 37.5%) - Tokens unlocked only upon reaching service growth milestones - All unlocked tokens are distributed as user rewards - A virtuous cycle centered on actual users, not the team or VCs 3. Long-term Holding (Post-IPO - 37.5%) - Attributed to the company (Backpack Inc.) as a financial asset - No direct payments to the team/insiders (prevents dumping) - Minimum one-year lockup after IPO listing, transparent operation linked to stock value Rather than a structure where the team sells off tokens, this can be seen as a user-centered design where everyone benefits only when the company grows. Tokunomics is fascinating. If you don't like the initial price, just make a fuss and hope for growth!