Backpack Tokenomics & IPO Announcement
The Backpack team has officially shared their detailed tokenomics and distribution roadmap via X (Twitter). The plan outlines the allocation of a total supply of 1 billion tokens alongside the announcement of an upcoming IPO.
🟥 Phase 1: TGE (Token Generation Event)
The initial release will consist of 25% of the total supply. The breakdown is as follows:
24% allocated to Point holders.
1% allocated to Mad Lads NFT holders.
🟥 Phase 2: Pre-IPO
The next phase involves the gradual distribution of 37.5% of the tokens. This volume will be distributed to users as specific milestones regarding product development, market expansion, and regulatory compliance are achieved.
🟥 Phase 3: Post-IPO
The final 37.5% of tokens are designated for the Corporate Treasury. These tokens will remain locked and will begin unlocking one year after the IPO.
Note on Strategy: These tokens are held as a strategic digital asset reserve intended to drive long-term value. All team members and investors will gain access to their token allocations exclusively through the Corporate Treasury.
Would you like me to adapt this text into a more formal press release or perhaps a shorter version optimized for a social media post?
