Backpack announces token distribution plan: 25% will be released at TGE, with the remaining tied to business milestones and IPO.
Foresight News reports that the official Backpack cryptocurrency exchange has announced its complete tokenomics distribution plan. The total token supply is 1,000,000,000 (one billion) tokens, with the specific distribution details as follows: TGE Release (25%): 250 million tokens will be released on the TGE day. Of these, 24% (240 million) will be allocated to stakers, and 1% (10 million) will be allocated to Mad Lads NFT holders.
Growth Trigger Unlock (37.5%): During the Pre-IPO phase, 375 million tokens will be gradually unlocked based on the achievement of key milestones. Unlock conditions include measurable regulatory progress, product expansion, and broader market access.
Company Treasury (37.5%): During the Post-IPO phase, 375 million tokens will serve as a strategic digital asset treasury. These tokens will be fully locked until one year after the company’s IPO. All team members and investors will gain token exposure through this treasury, aiming to achieve long-term value creation.
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