[Backpack Plans to Offer Company Equity to Token Stakers] Odaily Planet Daily reports that Backpack CEO Armani Ferrante stated that users who stake their upcoming tokens for at least one year will be entitled to exchange them for Backpack company equity at a fixed ratio. The company has reserved 20% of its equity for this plan. Armani Ferrante noted that this move aims to improve the existing token model, addressing issues where most projects rely solely on utility to support token value and lack long-term decentralization incentives. Currently, Backpack is in financing negotiations at a valuation of $1 billion, aiming to raise $50 million. The total token supply is 1 billion, with the initial distribution opening 25% of the supply to participants in the points program and Mad Lads holders. Additionally, the token allocation plan for the team and investors has been deposited into the company treasury, with a lock-up period of at least one year after the IPO. Team members will primarily be incentivized through holding company equity.