Backpack releases token distribution plan: TGE will release 25% of its tokens.

Backpack announced its token distribution plan, with a total token supply of 1 billion. The pre-IPO supply is 625 million tokens (62.5%), distributed in three phases. TGE will release 25% of the token supply, totaling 250 million tokens, of which 240 million (24%) will be allocated to token holders and 10 million (1%) to Mad Lads holders. The second phase, pre-IPO, accounts for 37.5%, or 375 million tokens, and will be unlocked gradually based on key milestones. The third phase, post-IPO, also accounts for 37.5%, and these tokens will be stored in the company's treasury with a lock-up period of one year after the IPO.