Backpack founder unveils tokenomics with zero insider allocation
- —Total supply is 1 billion tokens; 25% (250 million) was allocated at the TGE
- —240 million of the 250 million went to points participants, 10 million to Mad Lads holders
- —The remaining 75% is split into two 37.5% tranches: pre-IPO and a potential US IPO
- —The token launched on March 23, 2026; up to 20% of the equity pool is tied to pre-IPO tokens
Why it matters: Forgoing insider allocations and token warrants is a rare structure that could set a benchmark for other exchanges and shape expectations for supply dilution.
Source: Crypto Briefing