Backpack to offer users access to equity representing 20% of the company via one-year token staking
Crypto exchange Backpack will allocate 20% of its equity to users who stake its token for a minimum of one year.Summary
Crypto exchange Backpack announced a new structure allowing users who stake its token for at least one year to exchange those tokens for equity at a fixed ratio, representing 20% of the company. Founder Armani Ferrante stated this model is designed to combat incentive misalignment common in token launches, where users often receive unenforceable promises rather than structural utility. This equity-linked staking builds upon Backpack's existing tokenomics plan aimed at preventing insider dumping. Backpack, which previously reached a $1 billion valuation and is focused on tokenization, positions this approach as a commitment to long-term alignment, differing from standard token reward schemes that offer yield or increased emissions.
(Source：The Block)