[Backpack Announces Token Allocation Plan, 25% of Tokens to Be Released at TGE, with 24% Allocated to Points Holders] According to Deep Tide TechFlow, on February 9, Backpack announced its token allocation plan, which is divided into three phases. At TGE, 25% of the token supply, totaling 250 million tokens, will be released. Of these, 240 million tokens (24%) will be allocated to points holders, and 10 million tokens (1%) will be allocated to Mad Lads holders. The second phase of token allocation will occur before the IPO, accounting for 37.5% of the supply, or 375 million tokens. These will be released gradually as "growth-triggered unlocks" based on key milestone achievements. The third phase will take place after the IPO, also accounting for 37.5% of the supply. This portion of tokens will be stored in the company's treasury with a lock-up period of one year post-IPO. The total token supply is 1 billion, with a pre-IPO supply of 625 million tokens (62.5%). Backpack stated that the tokens in the company treasury will serve as a strategic digital asset reserve for long-term value creation. Team members and investors will gain token exposure through the company treasury.