🆘 BACKPACK ANNOUNCEMENT REGARDING TOKENOMICS 🆘 Total supply: 1 billion Token. The number of Token received from points and Non-Fungible Token will be unlocked at the time of TGE, and then the number will be unlocked in stages depending on performance (similar to KPIs in MEGAETH). 1) TGE (25%) - 250M tokens - Number of people holding points: 24% - Mad Lads holders: 1% - All tokens were Airdrop; no Token were distributed to the team/VC. 2) Pre-IPO Phase (37.5%) - 375M Tokens - Token Lockup when service growth milestones are reached, product expansion is achieved, and market access is increased. - Unlocked Token will be distributed to users. 3) Post-IPO Phase (37.5%) - 375M Tokens - Stored as a financial asset of the company (Backpack Inc.) - It is not possible to pay the team/insiders directly (to prevent panic selling). - Locked in for at least one year after the IPO, with transparent practices regarding the share value. Note: IPO refers to the company's IPO (not a Token IPO).
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