TechFlow News, February 9: Backpack announced its token distribution plan, divided into three phases. The Token Generation Event (TGE) will release 25% of the total token supply—250 million tokens—with 240 million tokens (24%) allocated to points holders and 10 million tokens (1%) allocated to Mad Lads holders.
The second phase, prior to the IPO, accounts for 37.5%—375 million tokens—and will be released gradually as “Growth Trigger Unlocks” upon achievement of key milestones. The third phase, post-IPO, also accounts for 37.5%; these tokens will be held in the company’s treasury and locked for one year following the IPO.
The total token supply is 1 billion tokens, with a pre-IPO circulating supply of 625 million tokens (62.5%). Backpack stated that tokens held in the company treasury will serve as a strategic digital asset reserve for long-term value creation, and team members and investors will gain token exposure via the company treasury.
