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
Pendle increases USDG stablecoin incentives to $390k, with TVL already exceeding $10 million
Gate News message, April 9, Global Dollar and Paxos decided to increase their USDG stablecoin incentives deployed on Pendle from the initial $150k to $390k, until the market maturity date. Pendle will also continue to provide PENDLE rewards of up to 30% for this market. Previously, Pendle’s USDG
GateNews38m ago
600M per month! Crypto card transaction volume up 3x year over year, with USDC catching up to USDT
In March, cryptocurrency card transaction volumes reached $600 million, up more than threefold year over year, indicating its growing adoption in digital payments. The market share of USDT has gradually been shrinking, while USDC continues to rise in regulated markets such as North America and Europe. Tether plans to launch a U.S. compliant stablecoin to counter USDC’s expansion; going forward, the market landscape will keep changing.
MarketWhisper1h ago
Trader Techno Revenant receives 2.4 million HYPE tokens from a de-staking (unstaking), worth $93.7 million
Techno Revenant staked HYPE for 6 months to earn 2.4 million HYPE, worth $93.7 million, but it’s still unclear whether he will sell or restake. Earlier, he profited about $250 million by investing in the Trump family project WLFI.
GateNews10h ago
Jupiter announced that first-quarter active equity staking rewards are now open for applications, totaling 50 million JUP
Gate News message, on April 8, Jupiter officially announced that starting April 9, the 2026 first-quarter Active Stake Rewards (ASR) are now open for applications. This round will distribute 50 million JUP to eligible stakers, and the application deadline is July 8, 2026.
GateNews10h ago
BlackRock charges an 18% commission on staking rewards for its Ethereum staking ETF; multiple experts assess costs and risks
BlackRock’s iShares Staked Ethereum Trust launched in March under its brand, with a management fee of 0.25% and a staking-reward commission of 18%. Industry insiders believe the commission includes multiple costs, and it may decrease in the future. Some people question whether such a high fee is justified, especially when comparing it to staking rates for retail investors.
GateNews10h ago
