Backpack, a crypto exchange established by former FTX employees, has announced a new tokenomics plan aimed at safeguarding retail investors from dilution and insider dumping as the exchange prepares for its utility token release. The plan involves unlocking 25% of the native token supply during the token generation event, with specific allocations for Backpack Points participants and Mad Lads NFT holders. To ensure fairness, the plan includes milestone-based releases tied to significant achievements, such as obtaining regulatory approvals and launching products in new regions like the EU, Japan, and the U.S., aligning with the broader industry trend of connecting token releases to actual economic performance. Additionally, a significant portion of tokens will remain locked until at least one year post-IPO, reflecting a commitment to long-term growth and investor protection.
Backpack unveils tokenomics plan to secure retail investors
