[Backpack Launches Token-to-Equity Program: Users Can Stake Tokens for at Least One Year to Exchange for Company Equity at a Fixed Ratio] Backpack CEO Armani Ferrante posted on the X platform, stating that he entered the crypto space nine years ago not to issue 'junk coins' or get rich quickly, but because he believed the industry could change the world. However, through multiple bull and bear markets, decentralization hype, and scams, the industry has gradually deviated from its original purpose. Most project promises are unfulfilled and remain mere 'promises,' while the more centralized a project is, the more limited the token's value becomes. Apart from Bitcoin, Ethereum, and a few other blockchains, the actual utility of most tokens is still empty talk. To address this issue, Backpack has introduced an innovative token model: users can stake their platform tokens for at least one year to exchange them for company equity at a fixed ratio, currently set at 20%. This is the first case where users can obtain company equity simply by using a product, demonstrating a long-term commitment to the community. Backpack plans to gradually roll out more features in the future, including partially decentralized products and centralized solutions related to equity. Ultimately, token value will not merely represent a single company, but in the short term, this initiative is the best way to demonstrate a long-term commitment to users.