[Backpack Plans to Offer Company Equity to Token Stakers, 20% of Equity Reserved for the Program] According to Deep Tide TechFlow on February 24, as reported by Decrypt, cryptocurrency exchange Backpack plans to allow holders of its upcoming token to obtain company equity through staking. Based on a statement by Backpack CEO Armani Ferrante on social media, users can exchange the staked tokens for company equity at a fixed ratio after staking for at least one year. The company has currently reserved 20% of its equity for this program. Ferrante stated that this initiative aims to improve the existing model, as many projects have failed to deliver on the promise of supporting tokens purely based on utility value. The exchange has not yet announced the token issuance date but has asked users to verify their personal information to determine eligibility for claiming.