TechFlow News: On February 23, Backpack announced on X a token empowerment initiative. Users who receive the platform’s native tokens may choose to stake them for one year, converting those tokens into company equity—designed to be unlocked and made tradable upon the company’s future IPO. Backpack has allocated 20% of its equity for this purpose. Previously, its CEO stated that the company is actively advancing plans for a U.S. IPO, and the team’s native platform token will only be considered for unlocking after the company goes public.
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