[Backpack CEO: All team tokens are stored in the company treasury and locked for at least one year after the IPO] According to Deep Tide TechFlow on February 9, Backpack CEO Armani Ferrante disclosed that Backpack's tokenomics will adhere to two core principles: insiders cannot 'dump on retail investors,' and all liquid tokens will be allocated to users. Ferrante stated that founders, executives, employees, and venture capitalists have not received direct token allocations. All team tokens are stored in the company treasury and locked for at least one year after the IPO. Team members only hold company equity and can only profit from the project after the company successfully goes public. Backpack plans to IPO in the United States. Currently, the exchange is gradually opening more regions and launching more products, including traditional financial services and securities products. Each time a new region is opened or a new product is launched, tokens will be unlocked for users in a predictable manner to drive platform growth.