1/ @Backpack launched BP yesterday. ~$200M FDV 🎒 25% distributed at TGE — all to users (240M to points holders, 10M to Mad Lads). No allocation to founders, team, or investors at launch. 🎒 Remaining 75% split between milestone-based unlocks Pre-IPO (37.5%) and post-IPO treasury (37.5%).(Tokenomist)