BlockBeats News, February 9th, Backpack founder Armani Ferrante posted on social media:In Backpack's tokenomics, it follows a core principle of eliminating "insider dumping to retail." Before the product achieves "escape velocity," no founder, executive, employee, or venture capitalist should gain wealth through tokens.For Backpack, the answer to "escape velocity" is clear. Backpack aims to have an initial public offering (IPO) in the United States. The listing may happen quickly, not so quickly, or not at all. But in any case, the team is working hard for it.Whenever Backpack opens up a new region, launches a new product, it is an opportunity for growth. Opening up the EU, opening up Japan, opening up the US, launching prediction markets, launching stock trading, launching card services will all drive growth. Tokens act as fuel to fire, continuously igniting new markets, just as the points system did in the past few seasons. For this to work successfully, there is a clear goal constraint: "The growth value brought by new token releases must always be greater than the dilution effect caused by the release."Therefore, no founder, executive, team member, or venture capitalist will be directly allocated tokens. The entire "team allocation" is stored in the "company treasury," recorded on Backpack's balance sheet — with a lock-up period of at least one year after the IPO. The team holds equity in the company, while the company holds a significant portion of the total token supply. Only when the company goes public (or undergoes another type of equity exit event) can the team gain any wealth from this project."Either achieve greatness, or have nothing." Armani Ferrante stated.