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
Axis launches a synthetic U.S. dollar USDx, completing the first minting of $10 million
Gate News message: On April 9, the quant yield protocol Axis announced the launch of a synthetic U.S. dollar USDx and completed its first minting, with a size of 10 million US dollars. It is currently in a private testing phase. After minting is completed, USDx will be deployed to Axis’s market-neutral arbitrage engine, covering more than 40 trading venues, to provide liquidity and capture opportunities from market price spreads.
GateNews1h ago
Polymarket Unveils USD Token in Major Platform Upgrade
Polymarket is launching a new collateral token, Polymarket USD, replacing USDC.e to enhance transaction speed and reduce costs amidst regulatory challenges. The upgrade includes the CTF Exchange V2 for improved order matching and anticipates a potential POLY token introduction.
CryptoFrontNews5h ago
Pi Launchpad 12 Grid testnet launch, pioneer token distribution completed
Pi Network recently launched a token distribution test for the Pi Launchpad. More than 300k users participated, staking 24 million Test-Pi. The core architecture “12 Grid” enables end-to-end token delivery, and all transactions are publicly verifiable. This test confirmed the system’s feasibility and paved the way for a future official launch. The upgrade roadmap includes the PiRC1 framework and Protocol 23, which will be rolled out in April and May, respectively.
MarketWhisper6h ago
SBI Ripple Asia Rolls Out XRPL-Based Token Issuance
SBI Ripple Asia launched an XRP Ledger platform enabling regulated prepaid tokens under Japan’s legal framework.
APIs integrate blockchain with existing apps, allowing seamless token use without redesigning user interfaces.
Platform targets real-world payments, offering fast, low-cost
CryptoFrontNews9h ago
