According to TechFlow TechFlow on February 9th, Backpack CEO Armani Ferrante disclosed that Backpack's token economics will follow two core principles: insiders cannot "dump" tokens on retail investors, and all liquidity tokens will be distributed to users. Ferrante stated that founders, executives, employees, and venture capitalists will not receive direct token allocations; all team tokens are held in the company vault and locked for at least one year after the IPO. Team members only hold company equity and can only profit from the project after the company's successful IPO. Backpack plans to IPO in the US, and exchanges are gradually opening up more regions and launching more products, including traditional financial services and securities products. Each time a new region is opened or a new product is launched, tokens will be unlocked to users in a predictable manner, driving platform growth.
Previously , Backpack announced its token distribution plan, stating that 25% of TGE tokens would be released, with 24% allocated to token holders.
