[Backpack: 25% of tokens will be distributed on TGE day, with a core and model completely different from traditional tokens] Odaily Planet Daily News: Backpack posted on X stating that 25% of the tokens will be distributed on TGE day, with 24% allocated to points users and 1% to the MadLads community. Backpack CEO Armani Ferrante further posted on X, saying: 'As the Token Generation Event (TGE) approaches, we will gradually unveil the tokenomics. It is still uncertain whether the term "token" is suitable to describe our TGE. In form, it will be a token, but its core will be entirely different from the current model — the distribution mechanism will be different, the utility scenarios will be different, and even the functional design will be different. In fact, the differences are so significant that it might require a completely new name — but that’s a topic for another day.'