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I've always thought the BP team has a very broad vision, based on my daily trading experience.
Unexpectedly, this token economics plan provided an answer that exceeded my expectations. The team hasn't allocated any tokens to TGE, and subsequent tokens won't be unlocked linearly over time like other projects; they will only be unlocked upon project completion and achieving its expected goals.
Total supply: 1 billion; TGE release: 25% (250 million)
If we calculate based on 420 million points, 1 point equals 0.59 tokens;
1 token equals 1 USDT? Not unreasonable, right? 😂😂😂
Armani Ferrante
@armaniferrante
In the Backpack tokenomics, we have one guiding principle.
- Insiders "dumping on retail" should be impossible: no founder, executive, employee, or venture investor should receive wealth from the token until the product hits escape velocity.
Of course it begs the question, what x.com/Backpack/statu…
Your few million points, what will others think?
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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