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Backpack to airdrop 25% of tokens at TGE as team eyes US IPO
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Backpack to airdrop 25% of tokens at TGE as team eyes US IPO
Backpack, the crypto exchange founded by Solana developer Armani Ferrante and former FTX executive Tristan Yver, has rolled out a token allocation framework designed to ensure insiders cannot profit ahead of the company’s planned US public offering. In a statement issued on Monday, Backpack said that 25% of the token supply, or 250 million tokens, will be distributed during the Token Generation Event, with 240 million going to points holders and…
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