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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Arthur Hayes Adds $1.1M in HYPE as Bitwise Moves Closer to ETF Launch
Arthur Hayes has purchased 26,022 HYPE tokens for about $1.1 million, increasing his total holdings to 247,334 tokens valued at approximately $10.44 million. This buy signals strong conviction as Bitwise advances its Hyperliquid ETF filing, enhancing HYPE’s market perception.
CryptoNewsFlash1h ago
Solana cofounder toly: a base-layer stablecoin should be built that can only be frozen with authorization from the court
Solana co-founder toly noted that the industry needs a stablecoin that can only be frozen under a court order, opposing other freeze factors. He suggested that the protocol issue a stablecoin with custom freeze strategies on the base layer and strengthen security measures. This view stems from a recent response by Circle to the Drift protocol hack incident, sparking discussions about centralized stablecoins.
GateNews3h ago
WLFI mints 25 million new USD1 units and burns 3 million units, for a net increase in circulating supply of 22 million units
According to Arkham data, World Liberty Financial (WLFI) newly minted 25 million USD1 through BitGo Custody, destroyed 3 million USD1, and increased the circulating supply net by 22 million USD1. This expansion is consistent with the amount of loan repayments, causing the USD1 lending pool utilization rate to approach 100%.
GateNews5h ago
Pi Network Distributes 26.5M PI to 1M KYC Validators
Pi Network has taken another step forward in building its ecosystem. The project recently distributed 26.5 million PI tokens to more than 1 million KYC validators.
These rewards were given to users who helped verify identities on the network. This process is important. Because it ensures that
Coinfomania6h ago
Genius 70% Airdrop Sparks Controversy, Adds Refunds to Resolve the Issue
The airdrop program launched by Genius has sparked controversy, and on April 13 it added a refund feature that allows users to burn their allocated airdrop shares within 48 hours after the TGE in order to receive a net-fee refund. The original rules required instant claimers to burn 70% of the tokens, which led to widespread community dissatisfaction and criticism that it was a rule reversal. Users have expressed strong outrage over the unfair cost calculations and potential losses.
MarketWhisper13h ago
Morpho Borrowers Paid $170M Interest. Aave Made More.
_Morpho borrowers paid $170M in interest over one year, Token Terminal data shows, outpacing Aave’s $140M revenue against a comparable $1.5B valuation._
DeFi lending is moving fast. And one protocol nobody was talking about two years ago just posted numbers that are turning heads across the
LiveBTCNews14h ago
