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
Vitalik continues to liquidate ETH! Ethereum Foundation's $44.7 million tightening plan revealed
Ethereum co-founder Vitalik Buterin recently exchanged ETH for stablecoins through a decentralized exchange. Over the past few days, his associated wallet has sold more than 3,100 ETH, worth over $6.1 million. Buterin previously announced plans to sell approximately $47 million worth of ETH assets to support the Ethereum Foundation's financial needs during a period of "mild contraction."
MarketWhisper1h ago
RootData: CHEEL will unlock tokens valued at approximately $2.58 million in one week
ChainCatcher message: According to Web3 asset data platform RootData's token unlock data, Cheelee (CHEEL) will unlock approximately 6.45 million tokens, worth about $2.58 million, at 8:00 AM Beijing time on March 3.
GateNewsBot1h ago
Backpack Announces IPO Plan: Staking Tokens for One Year Can Exchange for 20% Company Equity
Cryptocurrency trading platform Backpack Exchange officially announced on February 23rd that, during its future IPO (Initial Public Offering) process, it plans to offer users who have staked Backpack tokens for one year the opportunity to exchange their tokens for company equity at a fixed ratio. Currently, this corresponds to 20% of the company's shares.
MarketWhisper1h ago
UK Financial Times: Trump Peace Committee Plans to Issue Stablecoins for Gaza
According to the Financial Times of the UK, the Gaza Reconstruction and Peace Committee established by U.S. President Trump in January 2025 is currently in the preliminary discussion stage, exploring whether to issue a dedicated stablecoin as a fundamental tool for digital economic transactions among Gaza residents after the war. An insider said that the related stablecoin is positioned as a digital transaction medium, neither a replacement for fiat currency nor similar to meme coins, but the report did not specify which entity would be responsible for issuing the coin if the plan moves forward.
MarketWhisper1h ago
Framework Ventures Invests Heavily in Better.com! Home Token Challenges Traditional Mortgage Brokerage Model
Cryptocurrency risk investment firm Framework Ventures has reached an agreement to acquire a 10% stake in the publicly listed mortgage lender Better.com for approximately $45 million. This investment directly corresponds to Better.com’s planned launch of the mortgage token Home Token, with the underlying assets backed by a mortgage and loan portfolio valued at $500 million. Initially, it will be open only to qualified investors.
MarketWhisper1h ago
